As of May 19, 2025, Bitcoin (BTC) is trading around $102,693, reflecting a 0.83% decline over the past 24 hours. The intraday high reached $106,540, while the low touched $102,693.

Recent analyses on Binance Square indicate that BTC is currently in a distribution phase after a strong upward movement from levels below $88,000 to a peak at $106,000. A false breakout at $107,100 led to a sharp 3,000-point drop, bringing the price down to around $104,200.

Technical indicators suggest mixed signals. The RSI surged above 64, indicating strong momentum, but is now showing signs of a minor pullback or consolidation. The MACD lines remain above zero, confirming bullish momentum.

Support levels are observed at $102,900–$103,200, with resistance between $103,685 and $104,200. A decisive break above $104,200 could pave the way for targets at $104,500 and $104,750.

Market sentiment remains in the 'Greed' zone, with the Crypto Fear & Greed Index at 74, suggesting caution as the market could be nearing overbought conditions.

#BinanceAlphaAlert #MyEOSTrade #EthereumSecurityInitiative #BTC🔥🔥🔥🔥🔥 #BinancePizza