As of May 24, 2025, Bitcoin (BTC) is trading at $108,233, down 2.12% in the last 24 hours. The intraday range has fluctuated between $107,160 and $111,258. The trading volume for the day was around $65.84 billion, and the market capitalization is $2.15 trillion.
📊 Technical Analysis BTC/USDT (4-hour timeframe)
🔹 Current Situation
On the 4-hour chart, BTC is demonstrating a consolidation phase near the $108,000 level, which may indicate accumulation before a potential move.
🔹 Key Levels
Support: $107,000 — the nearest support level; a break below it may lead to a decline to $105,000.
Resistance: $111,000 — the nearest resistance level; breaking this level could open the way to $113,000 and above.
🔹 Indicators
RSI (4H): Around 56, indicating an increase in bullish momentum without reaching overbought territory.
MACD: Positive, confirming the upward trend.
📌 Summary
Bitcoin is in a consolidation phase on the 4-hour chart, trading in a narrow range between $107,000 and $111,000. A breakout above $111,000 may signal a continuation of the upward trend, while a breakout below $107,000 could lead to further declines. Traders are advised to closely monitor price behavior near these key levels and use appropriate risk management strategies.
