As of May 27, 2025, Bitcoin ($BTC ) is trading around $109,089, having recently reached a record high of $110,524. The cryptocurrency is currently consolidating just below the significant psychological resistance level of $110,000.
🔍 Technical Analysis: Support & Resistance Levels
Resistance Levels:
$110,000: A key psychological barrier, with recent price action struggling to break above this level.
$111,287 – $112,000: Recent highs that, if surpassed, could signal a continuation of the bullish trend.
$113,665: A potential breakout point; holding above this could indicate further upside momentum.
Support Levels:
$107,865: Immediate support where buyers have previously stepped in.
$104,505: A critical level; a drop below this may lead to further declines.
$100,000: A strong psychological support level that could attract buying interest.
📈 Price Predictions
Short-Term (Next Few Days): Analysts anticipate a potential rise to around $120,379 by May 28, 2025, representing a 9.68% increase from current levels.
Medium-Term (May 2025): Predictions suggest $BTC could trade between $111,800 and $112,200, maintaining its upward trajectory.
Long-Term (2025): Forecasts estimate Bitcoin's $BTC price could range from $115,000 to $132,000 by the end of the year, with some bullish scenarios projecting even higher targets.
