Bitcoin market analysis on May 20, 2025
As of May 20, 2025, the price of Bitcoin (BTC) is trading around 105,600 USD, maintaining above the 100,000 USD threshold for several weeks. This upward momentum is supported by positive technical factors and increased interest from institutional investors.
Technical analysis shows that BTC has surpassed the resistance level of 106,000 USD, with the RSI indicator continuing to signal positively, although it has entered the overbought zone. Steady trading volume and buying inflows from whales indicate that the upward trend is still being maintained.
Another notable factor is that the Mayer Multiple index remains below the average, indicating that BTC has not entered an overheated state and still has room for growth. Additionally, the recent approval of the Ethereum ETF has contributed to boosting the optimistic sentiment in the cryptocurrency market.
Forecasts suggest that if the current trend continues, BTC could aim for the 120,000 USD mark by the end of 2025.
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