As of May 24, 2025, Bitcoin (BTC) is trading at approximately $108,220, experiencing a 2.32% decline over the past 24 hours. Here's a concise overview of Bitcoin's current technical and fundamental landscape, along with suggested short-term (ST) and long-term (TP) price targets.

📊 Technical Analysis

🔹 Price Action & Chart Patterns

Current Price: $108,220

24H Range: $107,160 – $111,258

Recent High: $112,000

Bitcoin recently reached an all-time high of nearly $112,000, driven by institutional interest and favorable regulatory developments. However, recent geopolitical tensions, including proposed tariffs by the U.S. administration, have introduced volatility, leading to a short-term price correction.

🔹 Support and Resistance Levels

Support: $94,545, $92,265, $91,094

Resistance: $97,996, $99,167, $101,447

The $94,545 level serves as a critical support zone. A breakdown below this could lead to further declines. Conversely, a breakout above $101,447 may signal a continuation of the bullish trend.

🔹 Indicators

Relative Strength Index (RSI): 65.92 (Neutral)

Stochastic RSI: 99.57 (Overbought)

MACD: Neutral

The RSI indicates a neutral market, while the Stochastic RSI suggests that BTC is in overbought territory, potentially signaling a short-term pullback.