Technical and Fundamental Analysis of Bitcoin Price ($BTC ) – Are We Anticipating a Rebound or a Deeper Drop? 🔍
Current Price: 105,239 USDT
Date: May 30, 2025
Timeframe: Daily (1D)
Technical Analysis (Daily Timeframe):
RSI = 36.8 ➜ Near the oversold area, a signal for a potential bullish rebound.
MACD ➜ Negative crossover and continued downward momentum.
EMA 50 / EMA 200 ➜ Price is still below both moving averages = Clear selling pressure.
Bollinger Bands ➜ Price is touching the lower band = Potential technical rebound from support levels.
Fundamental Analysis:
Expiration of options contracts worth $10 billion today ➜ Could lead to violent fluctuations in the coming hours.
Coinbase Premium positive for 20 consecutive days ➜ Continued institutional demand for BTC.
Weekly Outlook: Fluctuation between 100,000 – 107,000 USDT.
Recommendation and Conclusion:
Nearest Trend: Potential corrective drop towards 100,000 USDT
Watch for technical rebound signals to enter a long position after testing support.
Watch Point:
Entry at 100,000 (if the rebound occurs)
SL at 98,500
TP at 105,000
R:R = Excellent (1.5+) with supporting technical signals
What do you think? Will Bitcoin break the 100K barrier or will we see a strong rebound?
Share your analysis 👇
