🔥 Bitcoin Update – May 26, 2025: Is $120K Next After Healthy Correction?

Bitcoin has had a wild week—but the bulls aren’t done yet! After reaching a recent high of ~$112,000, $BTC corrected down to $106,600, shaking out some weak hands. But here's the good news: it's already bounced back to around $109,300, signaling strong support and buyer interest.

🧠 What Just Happened?

This recent dip to $106,600 wasn’t a breakdown—it was a healthy pullback. Profit-taking and overbought indicators played their part, but this level held firm, aligning perfectly with key Fibonacci support and previous consolidation zones. Buyers clearly defended the range, pushing price back up with decent volume.

📈 Current Price Action

Now Trading At: ~$109,300

The rebound suggests renewed momentum after testing the support zone.

Bitcoin continues to attract real demand from the spot market—not just leveraged bets.

🚀 What’s Next for Bitcoin?

Here’s what the short-term future could look like:

Bullish Scenario:

If Bitcoin can stay above $108,143 and break through resistance around $111,909–$112,000, the next target is $120,000, possibly within the next 1–2 weeks. Some bullish models (like CoinCodex) are even forecasting a move to $127,872 in the days ahead.

✅ Supportive factors:

Institutional buying continues

Fear & Greed Index: 73 (Greed = Bullish Interest)

Bullish MACD crossover and momentum

Bearish Scenario:

If BTC fails to hold $108,143, it could revisit $106,600–$106,654. A break below that may lead us toward $103,600–$104,150, where stronger support lies. Further downside to $100,000 is possible but unlikely unless negative catalysts surface (e.g., regulatory pressure or macroeconomic shocks).

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