[Analyze BTC/USDT – May 21, 2025]
The current price of Bitcoin is $106,885, up approximately +1.96% in the last 24 hours. From the displayed indicators:
1. Moving Average (EMA):
EMA 50 is at $105,841
EMA 200 at $104,128
The current price is above both EMAs, indicating that the short-term and medium-term trends are still bullish.
2. MACD:
The histogram is starting to weaken, indicating a potential loss of upward momentum.
The DIF and DEA lines are beginning to converge, indicating a potential crossing signal downward.
3. RSI (6):
The current RSI is at 57.25, still in the neutral zone but starting to trend upwards. No signs of overbought or oversold yet.
4. Resistance & Support:
Strong resistance around $107,985 (24-hour high).
Nearest support at $105,650 and $104,334.
Prediction Conclusion:
As long as the BTC price is able to stay above EMA50 ($105,841) and does not form a new lower low, the opportunity for further upward movement is still open. However, be cautious of potential short-term corrections as momentum begins to weaken.
Recommendation: BUY on Weakness
Wait for a correction to the range of $105,500 – $105,800 for a buy position with a target of $108,000.
Use a stop loss below $104,000.