Quick Bitcoin update on May 26
Bitcoin is trading around $109,440, with a daily trading range from $106,6xx to $109,440, reflecting strong volatility after reaching a historic peak near $112,000 last week.
Key support levels
• $107,000: This is the nearest important support level, which has been tested several times in recent sessions. Holding this level will reinforce the current upward trend.
• $105,000: The next support level, acting as a crucial defensive area if prices drop further.
• $103,000: Coinciding with the 20-day moving average (20-day EMA), this level could provide technical support if the correcting trend continues.
📈 Resistance levels to watch
• $110,000 – $110,300: A strong psychological resistance zone, where the price has struggled to break through in previous sessions.
• $112,000: A recent historic peak; surpassing this level could pave the way for the next upward momentum.
• $115,000: The next target if the upward trend is maintained and previous resistance levels are broken.
Conclusion :
Bitcoin is trading within the $107,000 – $110,000 range, with an upward trend still maintained if the $107,000 support level holds.
Breaking through the resistance levels of $110,000 and $112,000 will confirm the next upward momentum, targeting $115,000.
Conversely, if the price drops below $105,000, it could lead to a deeper correction towards the $103,000 range.
This is a personal opinion and not investment advice. Readers can refer to it
Crypto God $BTC
Bitcoin is trading around $109,440, with a daily trading range from $106,6xx to $109,440, reflecting strong volatility after reaching a historic peak near $112,000 last week.
Key support levels
• $107,000: This is the nearest important support level, which has been tested several times in recent sessions. Holding this level will reinforce the current upward trend.
• $105,000: The next support level, acting as a crucial defensive area if prices drop further.
• $103,000: Coinciding with the 20-day moving average (20-day EMA), this level could provide technical support if the correcting trend continues.
📈 Resistance levels to watch
• $110,000 – $110,300: A strong psychological resistance zone, where the price has struggled to break through in previous sessions.
• $112,000: A recent historic peak; surpassing this level could pave the way for the next upward momentum.
• $115,000: The next target if the upward trend is maintained and previous resistance levels are broken.
Conclusion :
Bitcoin is trading within the $107,000 – $110,000 range, with an upward trend still maintained if the $107,000 support level holds.
Breaking through the resistance levels of $110,000 and $112,000 will confirm the next upward momentum, targeting $115,000.
Conversely, if the price drops below $105,000, it could lead to a deeper correction towards the $103,000 range.
This is a personal opinion and not investment advice. Readers can refer to it
Crypto God $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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