On Friday, May 30, 2025, the BTC/USD pair is trading at around $109,317, recording an increase of 0.97% over the past 24 hours.

Technical outlook on the BTC/USD pair:

Overall trend: Bitcoin continues to move in a sideways range near its all-time highs, with strong resistance at the $110,000 level.

Support and resistance: The main support is at $105,000, while the $110,000–$111,900 area is considered a critical resistance zone.

Technical indicators: The Relative Strength Index (RSI) shows signs of overbought conditions, which may indicate a potential short-term correction before resuming the upward trend.

Market forecasts:

Forecasts suggest that Bitcoin could reach $120,000 in the coming days, supported by strong buying momentum and increasing interest from institutional investors.

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