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Bitcoin Daily Chart Analysis – May 20, 2025

Bitcoin (BTC) is trading around $106,323, posting a modest 0.75% daily gain. The recent price action shows a bullish consolidation above the key support/resistance flip zone at ~$103,000, signaling strength and setting the stage for a potential breakout.

🔍 Key Technical Highlights

📌 Resistance Levels:

Immediate resistance stands at $109,350 (R2).

Price action has formed a minor double-top near this zone—indicating a battle between bulls and sellers.

📌 Support Levels:

$103,000 remains a critical support, validating a strong base for bulls.

Sustained trading above this level reinforces the bullish trend.

📈 Volume Insight:

The recent green candle is backed by increased volume, hinting at strong buying interest.

However, earlier rallies showed declining volume—watch for confirmation before breakout continuation.

📆 Short-Term Outlook

With the current momentum and tight range just below resistance, BTC appears poised for a breakout towards the $109,350 zone. However, the overbought RSI warns of a potential pullback or consolidation before continuation.

Bullish Scenario:

✅ Break above $109,350 → Target: $112,000–$115,000

Bearish Scenario:

⚠️ Drop below $103,000 → Retest of $85,000–$88,000 pivot support

🧭 Conclusion:

Bitcoin’s chart structure leans bullish, backed by volume and strong support. But given the overbought RSI and nearby resistance, traders should wait for confirmation—ideally a daily close above $107,000 with solid volume—before initiating new positions.

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