$BTC
Here is an updated technical analysis for Bitcoin (BTC) against the US Dollar as of Monday, May 19, 2025:
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💰 Current Price
Bitcoin is currently trading at around $102,982, with a slight decrease of 0.84% over the past 24 hours.
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📊 Technical Analysis
Moving Averages: The simple moving averages of 50, 100, and 200 days indicate "buy" signals, reflecting a continued upward trend.
Relative Strength Index (RSI): The RSI stands at 68.09, indicating that the market is approaching overbought territory, which may precede a price correction.
MACD Indicator: The MACD gives a "sell" signal, which may indicate a slowdown in upward momentum in the short term.
Pivot Points: Analyses indicate that key support levels are around $103,313, while resistance levels are at $104,405.
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🔍 General Technical Outlook
According to TradingView analysis, the overall technical assessment for Bitcoin indicates "buy" in the short term and "strong buy" on the monthly scale.
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⚠️ Technical Warnings
Inverted Head and Shoulders Pattern: Some analyses suggest the possibility of forming an "inverted head and shoulders" pattern, which could lead to a retest of the $91,000 level before resuming the upward trend.
