$BTC Bulls Stalling Below $106K As Momentum Shifts

Bitcoin (BTC) is currently hovering just below major resistance near $106K, with technical indicators suggesting a potential shift in momentum. The price remains above both the 9-day and 20-day EMAs, confirming that the broader trend is still bullish—but signs of fatigue are emerging.

RSI has pulled back from overbought levels, indicating that bullish pressure may be softening. Meanwhile, MACD momentum is flattening, showing a lack of strong conviction in either direction.

Key resistance levels to monitor are $104,809 and $106,143. A breakout above these zones with volume confirmation could open the door to further upside. On the downside, support rests near $96,593 and $95,778—areas that could offer solid long entry points if the price dips.

Traders should remain nimble, looking for confirmation around these levels to avoid false signals as Bitcoin consolidates within a narrowing range.

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Read the full analysis: www.ecoinimist.com/2025/05/20/bitcoin-bulls-stall-as-momentum-shifts