#BTC 📈 Bitcoin (BTC) Price Forecast for Today – May 21, 2025

Today, Bitcoin continues its upward trend, reaching a level of approximately $106,650, which indicates an increase of over 1% in the last 24 hours. This price is just 3% below the historical high of January 20, 2025, which was $109,356.

🔍 Key Technical Levels

Resistance: The area of $106,600–$107,500 represents a significant resistance level, where substantial buying previously occurred. Breaking this level may pave the way for further increases.

Support: In the event of a correction, the levels of $103,000–$104,000 may serve as support, where price stabilization was observed earlier.

📊 Market Sentiment

The Fear & Greed Index indicates a level of 71, suggesting that greed dominates the market. This implies strong investor interest and potential for further increases, although caution should be exercised regarding possible corrections.

🔮 Short-Term Forecasts

CoinCodex forecasts that the price of BTC may rise to $107,886 within the next 24 hours.

Binance indicates a possible increase to $106,488 by the end of the week, representing a potential increase of 5%.

🧠 Summary

Bitcoin is in a phase of strong upward trend, approaching historical highs. Breaking the resistance level may lead to further increases; however, investors should be aware of the possibilities of short-term corrections. Monitoring key technical levels and market sentiments will be crucial in the coming days.