On Monday, May 26, 2025, Bitcoin (BTC) experienced significant fluctuations, stabilizing around $109,290 at the beginning of the day, with a slight increase of 1.48%, before facing strong resistance at the $110,000 barrier, leading to a decline to levels close to $107,700 at certain times.

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🔍 Technical Analysis

Resistance and Support: Bitcoin faces strong psychological resistance at the $110,000 level, while the main support ranges between $106,000 and $107,000.

Technical Indicators: The Relative Strength Index (RSI) indicates an overbought condition, which may lead to a short-term price correction.

Chart Patterns: The charts show a "rising wedge" pattern, which may indicate the likelihood of a price reversal if the current resistance is not breached.

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📈 Influencing Fundamental Factors

Institutional Adoption: Bitcoin has seen significant inflows from institutional investments, especially through Exchange-Traded Funds (ETFs), contributing to the bullish momentum.

U.S. Policies: President Trump's announcement of the establishment of a "Strategic Bitcoin Reserve" has increased confidence in the market, as the United States seeks to become the "capital of digital currencies in the world."

Economic Environment: Amid rising U.S. Treasury yields and growing concerns about the budget deficit, Bitcoin is viewed as a hedge.