$BTC Is Bitcoin bullish today? A quick overview
As of May 30, 2025, Bitcoin is showing signs of an upward trend, trading around $105,878. Although it has slightly decreased from last week's high of $111,891, this drop is largely due to profit-taking. Technical indicators like the Optimized Trend Tracker suggest continued upward momentum. Some analysts even forecast a possible increase to $120,290 by May 31. However, caution is advised, as bearish divergences could lead to a short-term correction to around $100,000. Overall, despite minor corrections, market sentiment remains optimistic, and Bitcoin appears poised for further gains, making it a potentially strong play for bullish traders in the short term.
