Here is the updated technical analysis of Bitcoin (BTC) as of May 19, 2025:
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📊 Current Situation
BTC Price: $103,180
Change for the day: -0.79%
Daily Range: $102,381 – $106,540
Weekly High: $106,805
Weekly Low: $101,000
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🔍 Technical Indicators
RSI (14): 68.09 — approaching the overbought zone, which may indicate a potential correction
MACD: 3,900.03 — signaling possible weakening of the upward momentum
Moving Averages: BTC price remains above the 20-, 50-, and 200-day averages, supporting the overall upward trend
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📈 Key Levels
Support: $102,000, $101,722
Resistance: $106,500 — a critical level, breaking which could open the path to $110,000 and above
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🧭 Conclusion
Bitcoin is currently consolidating in the range of $102,000–$106,500. Breaking the resistance level of $106,500 may signal the continuation of the upward trend with a potential target of $120,000. However, if the price falls below $102,000, further declines to $100,000 or even $97,000 are possible.
