#BTCPrediction

1. Bitcoin Price Movement

- Price Surge: BTC rallied to $105,490.18(up 0.52% in 24 hours), nearing its all-time high of $109,358 set in January 2025.

- Resistance Levels: Immediate resistance is at $107,000–$107,500, with a potential breakout target of $110,000 if momentum holds.

- Support Zones: Key support lies at $105,000, with a drop below possibly testing $104,200 or $102,500.

2. Market Drivers

- Institutional Demand:

- ETF Inflows: U.S. spot Bitcoin ETFs saw $667.4 million in net inflows** on May 19, led by iShares Bitcoin Trust ($306 million).

Corporate Buying: MicroStrategy added 7,390 BTC last week, bringing its total holdings to 200,000+ BTC.

- Futures Activity: Record open interest of $36 billion in BTC futures, signaling strong leveraged trader confidence .

3. Technical Indicators

- Bullish Signals:

- A bullish trend line formed near $105,800, supporting short-term price action.

- The 50-day moving average crossed above the 200-day MA (a "golden cross"), suggesting long-term strength .

- Cautionary Signs:

- The RSI (Relative Strength Index) showed overbought conditions, hinting at potential short-term corrections.

4. Macro & Altcoin Correlation

- Ethereum (ETH): Surged 8.27% to $2,567.46, driven by ETF speculation .

-Market Cap: Bitcoin’s total market cap hit $2.10 trillion, a new all-time high, with crypto dominance at 53.2%.

5. Risks & Corrections

- Analysts noted volatility risks, with possible pullbacks to $91,000–$98,500 before a sustained rally .

- Failure to hold $105,000 could trigger a retest of lower supports.

For real-time updates, monitor trading volumes (e.g., $59.84 billion daily BTC volume) and institutional activity.