Today, Monday, May 19, 2025, the price of Bitcoin (BTC) is approximately $102,447, with fluctuations between $102,447 and $106,540 throughout the day.
๐ Technical Analysis
Ascending triangle pattern: Bitcoin is in a consolidation phase around the $105,000 level, indicating a potential price breakout soon.
Support and Resistance Levels:
Support: around $102,695.
Resistance: around $106,500.
A breakout above the resistance could drive the price towards $110,000, then $120,000.
๐ง Forecasts
Forecasts suggest that Bitcoin may reach $129,096 by May 23, 2025, an increase of about 23.6% from the current price.
Technical analysis indicates the possibility of reaching $120,000 in the event of breaking the current resistance.
โ ๏ธ Notes
Bitcoin has experienced significant volatility in recent days, indicating the likelihood of continued strong price movements.
It is advised to follow global economic news, especially related to cryptocurrencies, as they directly impact market movements.
If you would like a more detailed analysis or real-time tracking, I would be happy to assist you with that.
