Here is an updated technical analysis of Bitcoin (BTC) as of May 29, 2025, focusing on the main support and resistance levels that are important for short- and medium-term traders.
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📈 Current price overview
• Current price: Bitcoin is currently trading near the level of $108,000, after reaching an all-time high of $112,000 earlier this month. 
• Relative Strength Index (RSI): Currently around 42 on the four-hour chart, indicating a slight tendency towards a downtrend without reaching the oversold area. 
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📊 Support and resistance levels table
Type. Level (in dollars) Notes
Major resistance $112,000 All-time high, represents a strong psychological barrier.
Secondary resistance $109,500 Immediate resistance level that must be surpassed for the uptrend to continue.
Immediate support. $107,000 Critical support level in the short term.
Medium-term support $100,000 Important psychological level, may attract buyers in case of a correction.
Strong support $94,000 Breaking this level may indicate a shift in the overall trend.
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🔍 Additional technical analysis
• Moving averages: The 50-day moving average shows resistance at $66,200, while the 200-day moving average provides support at $63,800. 
• On-chain flows: Exchanges experienced a net negative flow of 18,500 BTC between May 26 and 28, indicating accumulation by long-term holders. 
• Trading volume: The trading volume for the BTC/USDT pair on Binance was about $9.2 billion within 24 hours until May 28, reflecting strong market participation. 
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📌 Summary and recommendations
• Uptrend: If Bitcoin can surpass the resistance level at $109,500, it may target levels of $111,000 and **$112,000**, potentially opening the path to reach $140,000 if positive momentum continues. 
• Downtrend: If the price fails to maintain support at $107,000, we may see a correction towards $100,000 or even $94,000, which is a critical level for maintaining the overall uptrend. 
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