$BTC As of May 29, 2025, Bitcoin (BTC) is trading at approximately $108,226, reflecting a slight decline of about 0.66% over the past 24 hours. This positions BTC roughly 3% below its all-time high of $111,891, achieved on May 22, 2025.
---
📊 Technical Overview
Current technical indicators suggest a bullish outlook for Bitcoin:
Moving Averages: BTC is trading above its 20-day ($105,119), 50-day ($98,969), and 200-day ($94,271) exponential moving averages, indicating strong upward momentum.
MACD: The Moving Average Convergence Divergence (MACD) stands at 3,650.06, signaling a 'Buy'.
RSI: The Relative Strength Index (RSI) is at 66.54, suggesting that BTC is approaching overbought territory but still within a neutral range.
---
📰 Market Drivers
Several factors are influencing Bitcoin's recent performance:
Institutional Investments: Companies like Strategy (formerly MicroStrategy) have significantly increased their Bitcoin holdings, with Strategy now owning over 580,000 BTC, valued at approximately $64 billion.
Political Support: The Trump administration has adopted a pro-crypto stance, proposing the creation of a U.S. strategic Bitcoin reserve and easing regulatory pressures, which has bolstered investor confidence.
Corporate Adoption: Firms such as Trump Media & Technology Group have announced plans to invest heavily in Bitcoin, further legitimizing its role in corporate treasuries.
---
🔮 Outlook
Analysts remain optimistic about Bitcoin's trajectory, with some projecting potential rises to $145,000, citing factors like institutional adoption, favorable regulatory developments, and macroeconomic uncertainties driving demand for alternative assets.
---
