#ShareYourThoughtOnBTC
As of May 30, 2025, Bitcoin (BTC) is exhibiting a bearish trend in the short term. The price has declined to approximately $105,434, marking a 2.5% drop from the previous day and continuing a week-long downward movement .
This decline is influenced by market turbulence and the expiration of options contracts, leading to increased profit-taking and cautious investor sentiment . Technical indicators, such as a bearish divergence in the 30-day rate of change, suggest weakening momentum, with potential support levels around $100,000 .
While the long-term outlook for Bitcoin remains optimistic, with predictions of reaching new all-time highs later in the year , the current short-term indicators point towards a bearish phase.