On May 18, 2025, Bitcoin ($BTC ) maintained a relatively stable position, trading within a narrow range between $100,703 and $105,787. This consolidation reflects a market in equilibrium, with neither bulls nor bears gaining a decisive advantage. Â
Despite the tight trading range, technical indicators suggest potential for increased volatility. An hourly âdeath crossââwhere a short-term moving average crosses below a long-term moving averageâhas been observed, often interpreted as a bearish signal. However, such patterns on shorter timeframes can be less reliable, and traders are watching for a confirmed breakout above or below the current range to determine Bitcoinâs next move.
Market sentiment remains cautiously optimistic, with some traders anticipating a breakout that could propel BTC towards new all-time highs. Notably, $BTC has been hovering around the $103,000 to $105,000 levels, which are considered key areas of interest.
In the broader context, the global cryptocurrency market cap stands at $3.31 trillion, marking a 1.60% increase over the last day, indicating a generally positive market environment.
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