$BTC Bitcoin (BTC) started the day on May 29 with an increase of 0.93%, reaching a price of $108,914, indicating a recovery after testing the support at $107,114. This movement occurs during a consolidation period, with the cryptocurrency still below the crucial resistance of $110,829.
The Relative Strength Index (RSI) at 52.19 suggests an increase in buying strength, while the Bollinger Bands indicate low volatility and consolidation. Breaking the resistance at $110,829 is essential for BTC to seek the next target at $112,950. If selling pressure increases, the immediate support is $107,114. The market is awaiting a decisive breakout amid the current technical balance, which requires caution.
DYOR (Do Your Own Research)
The responsibility for your choices is solely yours, and the market is extremely volatile.🎯
