Bitcoin (BTC) Shows Strong Momentum Above $107K on Binance
#MarketPullback May 24, 2025 – Binance Market Snapshot
Bitcoin continues its impressive rally as it trades at $107,669.14 against USDT on Binance, despite a slight intraday dip of 3.33%. The monthly candlestick chart reveals a powerful bullish trend, with Bitcoin pushing to a recent high of $111,980.00 before pulling back slightly.
Technical Overview
Current Price: $107,669.14
24h High / Low: $111,618.93 / $106,800.00
24h Volume:
BTC: 31,698.86
USDT: $3.46 Billion
The market has been fueled by strong buyer demand, as evidenced by a 98.52% bid dominance in the order book. Momentum indicators remain bullish, with moving averages showing consistent upward slopes:
MA (7 days): $94,452.43
MA (25 days): $61,553.15
Price protection tools like POW and Volatility tracking are actively engaged, helping to manage trader exposure during high volatility periods.
Performance Snapshot
Bitcoin has posted impressive gains across multiple timeframes:
7 Days: +3.66%
30 Days: +14.67%
90 Days: +11.41%
180 Days: +12.27%
1 Year: +59.18%
This surge signals renewed confidence from both institutional and retail investors, likely driven by macroeconomic factors and Bitcoin's increasing appeal as a hedge asset.
Chart Patterns & Market Sentiment
The 1-month chart showcases strong green candles since early 2024, with minimal pullbacks. The breakout above $95,000 and successful retest signals strong support and continued bullish sentiment. Traders are closely watching the $111,980 resistance level as the next major hurdle.
Conclusion
With a combination of high trading volume, positive technical indicators, and strong market momentum, Bitcoin on Binance appears poised for further growth. However, traders should be cautious of potential volatility and utilize stop-loss strategies and tools like margin and grid trading available on the Binance platform.
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