Bitcoin Nears Key Resistance – Will Bulls Break Through?
BTC/USDT Daily Analysis – May 24, 2025
Current Price: $108,123
24h Change: +$828.8 (+0.77%)
Resistance Levels:
R1: $101,731
R2: $109,350
Volume Support: $94,400
Key Insights:
Bullish Momentum Continues: BTC has shown strong bullish candles, pushing above R1 and approaching R2.
Rejection at Resistance: Price faced rejection just under R2, with a red candle forming – potential consolidation ahead.
Volume Surge: Noticeable spike in buy-side volume, suggesting renewed interest.
Prediction:
If BTC holds above $106,000 support, a retest of $109,350 is likely. However, bearish RSI divergence and resistance at R2 could lead to a temporary pullback toward $104,000–$101,000 zone before the next move up.
Short-Term Bias: Cautiously Bullish
Watch For:
Strong close above $109,350 for bullish continuation
Volume tapering off could lead to consolidation
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