At 04:12 AM (BRT) on May 31, 2025, Bitcoin $BTC
is trading at approximately $103,857, reflecting a slight decline of 1.78% over the past 24 hours.
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📊 Updated Technical Analysis
Moving Averages: The short and long-term moving averages indicate a sustained bullish trend. For example, the 10-period moving average is at $108,082, while the 200-period moving average is at $90,251, both below the current price, suggesting ongoing support.
Technical Indicators: The RSI and MACD show mixed signals. The MACD shows a bullish crossover, while the RSI is at neutral levels, indicating a possible consolidation before a stronger directional move.
Support and Resistance Levels:
Support: $106,000 to $107,000 — a critical zone that, if maintained, could drive new highs.
Resistance: $110,000 and $112,000 — breakouts above these levels could signal a continuation of the bullish trend.
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📰 Recent News
Bitcoin recently reached an all-time high of $110,524, driven by regulatory advances in the US$ETH
and the increase in institutional interest. Analysts project that the price could reach $120,000 in the coming months, depending on the maintenance of current support levels.
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✅ Conclusion
Although Bitcoin has slightly retreated, the technical structure remains solid, with significant support at moving averages and critical price levels. Maintaining support around $106,000 is essential to sustain the bullish trend.
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