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📈 Bitcoin reaches new highs: Bullish momentum
As of May 22, 2025, Bitcoin (BTC) reached an all-time high, surpassing 110,000 USD. The main drivers behind this price surge include:
• Pro-cryptocurrency policies from the Trump administration: President Donald Trump committed to supporting and promoting digital assets in the U.S. through policies such as creating a strategic Bitcoin reserve fund.
• Increase in institutional investment: Major financial institutions, including JPMorgan Chase, have enabled clients to purchase Bitcoin, driving demand and value for this currency.
• Approval of Bitcoin ETF funds: The launch of Bitcoin ETFs has facilitated investor access to the market, contributing to the price surge.
📉 When might the market adjust?
Although the current bullish trend is very strong, technical indicators and historical market data suggest a possibility of adjustment in the near future:
• Technical patterns: The Bitcoin price chart is forming a 'rising wedge' pattern, which often signals a bearish reversal.
• Decrease in trading volume: A decline in trading volume when prices rise may indicate a weakening of the upward trend.
• High RSI: The Relative Strength Index (RSI) is at a high level, indicating that the market may be overbought.
🗓️ Earliest expected adjustment timeframe
Analysts predict that the market may begin to adjust by the end of May or early June 2025. Significant events such as the Incrypted Conference on June 14, 2025, could mark the starting point for price volatility.
📅 Upcoming significant events affecting the market
• Incrypted Conference (June 14, 2025): This event brings together leaders in the Web3 space and may influence market sentiment.
• U.S. Federal Reserve monetary policy: Decisions on interest rates and monetary policy by the Fed in June may impact the cryptocurrency market.
• Altseason event: A capital shift from Bitcoin to altcoins may occur, affecting the value of BTC.
✅ Conclusion
Bitcoin is in a strong bullish phase, but technical indicators and historical market data suggest a possibility of adjustment in the near future. Investors should closely monitor important support levels and macroeconomic events to make informed investment decisions.