Brief Analysis of Bitcoin Movement for the Coming Week (May 17-23, 2025) Based on Today's Price:

Current Price (May 16, 2025): According to available data, Bitcoin is currently trading around $103,846.67 (according to LiteFinance) to $104,078.78 (according to CoinGape). This level reflects relative stability after a correction from the historical peak of $109,464.94 on January 20, 2025.

Technical Analysis:

• Current Trend: Bitcoin is in a short to medium-term upward channel, indicating continued positive momentum with increasing interest from investors.

• Support and Resistance Levels:

◦ Support: The $93,000-$94,000 level is considered strong support, as it represents the lows of January 2025 and 61.8% Fibonacci levels. Breaking this level could push the price towards $84,000-$85,000, a major support area.

◦ Resistance: The $105,500 level forms strong resistance, and breaking it could open the door to targeting $108,000-$110,000.

• Technical Indicators:

◦ RSI: Ranging around 69.87, indicating neutral to bullish momentum without reaching the overbought zone (above 70). However, there are signals of potential negative divergence, which could signal a slight correction.

◦ MACD: Shows a slowdown in bearish momentum, with a potential bullish crossover if the price remains above $100,000.

◦ BOLLINGER BANDS: The narrowing of the bands indicates the potential for strong movement during the week, either upwards or downwards.

Fundamental Analysis: