Bitcoin touches historic levels: Are we on the brink of a new peak or an imminent correction?
In a remarkable development, Bitcoin (BTC) recorded a significant increase during the second week of May 2025, surpassing the $104,000 barrier, thereby enhancing its weekly gains by 7.5%.
🔍 Technical analysis: Bullish signals with warnings of a potential correction
Overall trend: Bullish on daily and weekly time frames, with a structural upward break and price stability near historical resistance.
Relative Strength Index (RSI): The indicator shows a value of around 70.5, indicating an overbought condition and the possibility of a price correction soon.
MACD Indicator: Positive at +2902.96, supporting the current upward trend.
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🐋 Institutional investments boost confidence
In a move reflecting increasing confidence in Bitcoin, 'Strategy' (formerly known as MicroStrategy) purchased an additional 13,390 Bitcoins for approximately $1.34 billion, raising its total holdings to 568,840 Bitcoins, equivalent to 2.7% of the total circulating supply.
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📊 Future predictions: Do we see $110,000 soon?
Analyses suggest that Bitcoin may test resistance levels at $106,750 and $107,300. If the upward momentum continues, the price could reach $109,588.
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✅ Summary: Investment opportunity with caution required
While technical indicators show strong upward momentum, the overbought condition may lead to short-term price corrections. Investors are advised to closely monitor the market and carefully determine entry and exit points.
