Bitcoin Price Prediction for Today (May 31, 2025)
Based on the latest data and analysis, here's a concise overview of Bitcoin's price outlook for today:
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#### 📉 1. **Current Price & Short-Term Trend**
- As of May 31, 2025, Bitcoin is trading **around $104,000–$105,000** .
- **Bearish signals dominate**:
- Trading below the Ichimoku Cloud, indicating downward momentum .
- Risk of a "death cross" (50-day MA below 200-day MA), suggesting further declines .
- MACD and RSI show increasing selling pressure, with RSI retreating from overbought territory .
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#### 🛡️ 2. **Key Support and Resistance Levels**
- **Critical Support**:
- **$104,584**: A break below could trigger a drop to **$100,694** or even **$95,000** .
- **Resistance Barriers**:
- Immediate: **$106,726** (must break for bullish reversal) .
- Stronger: **$110,728–$112,000** (recent all-time high zone) .
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#### 📊 3. **Market Sentiment & Catalysts**
- **Mixed Sentiment**:
- **Bullish**: Crypto Rover predicts an imminent surge, citing historical altcoin rallies following Bitcoin pumps .
- **Bearish/Neutral**: Net Realized Profit/Loss (NRPL) metrics show restrained profit-taking, avoiding panic selling .
- **Institutional Activity**:
- Corporate adoption accelerates (e.g., Trump Media, GameStop allocating funds to Bitcoin), though short-term stock reactions are negative .
- Bitcoin ETF inflows hit **$9.77 billion net in May**, signaling strong institutional demand .
