Bitcoin Market Trend Analysis 20250519

The weekly chart did not close with a doji star, but instead closed with a small bullish candle with a lower shadow. The weekly trend remains strong, the MA30 line continues to trend upward, and after a golden cross near the zero line in the MACD, there is an increase in upward momentum. Breaking through $110,000 is just a matter of time, and the weekly upward target can initially be seen around $131,000. Each subsequent round number (110,000/120,000/130,000) will be significant resistance.

The price continues to operate above the weekly MA30 line, and the weekly uptrend will continue.