As of May 29, 2025, Bitcoin (BTC) is trading at approximately $107,375, reflecting a slight decline of about 2.26% over the past 24 hours.
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🔍 Key Support and Resistance Levels
Support Zones:
$106,800–$107,300: This $BTC range has shown strong buying interest, with prices bouncing twice in this region, indicating significant support.
$100,000: A psychological support level where buyers have previously stepped in.
$92,000: Aligns with historical trade ranges and moving averages, offering substantial support.
Resistance Zones:
$109,300–$110,400: This $BTC area has acted as a supply zone, with repeated failures to breach, indicating strong resistance.
$112,000: A key level to watch; flipping this into support could open the path toward higher targets.
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📈 Technical Indicators
Moving Averages: The 200-day EMA is currently at $107,213.51, aligning closely with the support zone, adding further confluence as dynamic support.
Relative Strength Index (RSI): Currently within the 30-70 neutral zone, indicating a neutral trend with potential for movement in either direction.
MACD: No clear bullish or bearish divergence, suggesting a lack of strong momentum in either direction.
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📊 Price Predictions
Short-Term (Next 24–48 Hours): Bitcoin $BTC is currently in a tightening structure between $108,200 and $110,400. A breakout or breakdown from this range is likely, depending on market sentiment and volume.
End of May 2025: If bulls defend the $108,000 support, BTC could climb toward $109,500.
Year-End 2025: Analysts predict Bitcoin could reach between $120,000 and $200,000, depending on market sentiment and macroeconomic factors.
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