Expected Technical Analysis for Bitcoin (BTC) - May 2025
As May approaches, Bitcoin enters a critical technical phase, following a month of volatility within a limited range, amid investors' anticipation of economic indicators and monetary policies that may affect the performance of digital assets.
Expected Trend: Bitcoin continues to move within a horizontal channel between $64,500 – $72,800, and if this range is broken during May, we will witness a more pronounced price movement.
Watch Points:
Strong Technical Support: $64,500 represents a potential buying area if tested again.
Psychological Resistance: $73,000, and if broken with confirmed high trading volumes, prices may head towards $78,000 then $80,000.
Expected Technical Indicators:
RSI: Expected to remain in the neutral zone (45–60), reflecting a lack of clear momentum unless a price breakout occurs.
MACD: A potential bullish crossover signal in the second week of May could enhance upward chances.
Moving Averages: Continued trading above the 200-day moving average gives positive signals in the medium term.
Technical Forecast:
If consolidation above $66,000 continues, the positive scenario for testing resistance again is likely. However, if $64,000 is broken, we may see a correction wave towards $60,000 before a new attempt to rebound.
Investor Alert:
May could be a pivotal month for Bitcoin
