On Monday, May 26, 2025, Bitcoin (BTC) experienced notable volatility, stabilizing around $109,290 at the beginning of the day, with a slight increase of 1.48%, before facing strong resistance at the $110,000 barrier, leading to a decline to levels close to $107,700 at times.
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🔍 Technical Analysis
Resistance and Support: Bitcoin faces strong psychological resistance at the $110,000 level, while the main support ranges between $106,000 and $107,000.
Technical Indicators: Relative Strength Index (RSI) indicators suggest an overbought condition, which may lead to a short-term price correction.
Chart Patterns: The charts show an "ascending wedge" pattern, which may indicate the likelihood of a price reversal if the current resistance is not breached.
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📈 Fundamental Factors Influencing
Institutional Adoption: Bitcoin has seen significant inflows from institutional investments, especially through exchange-traded funds (ETFs), contributing to the bullish momentum.
U.S. Policies: President Trump's announcement of the establishment of a "Strategic Bitcoin Reserve" increased market confidence, as the U.S. aims to become the "capital of digital currencies in the world."
Economic Environment: Amid rising U.S. Treasury yields and increasing concerns about fiscal deficits, Bitcoin is viewed as a hedging tool $BTC
