Technical analysis of Bitcoin (BTC) until the evening of Wednesday, May 21, 2025, based on the latest data and technical indicators:
📈 Current price
Price: Approximately $109,565, which is a new all-time high recorded today, surpassing the previous record set last January.
🔍 Key technical indicators
✅ General trend
Clearly bullish, supported by strong buying momentum and institutional flows, especially from ETFs.
📊 Momentum indicators
RSI (14): Approximately 67, indicating nearing overbought territory, which may signal a potential correction.
MACD: Positive buy signal, reinforcing bullish expectations.
Stochastic: In the overbought zone, requiring caution for potential short-term reversals.
📈 Moving averages
MA50 and MA200: Indicate strong buy, supporting the current upward trend.
MA10 and MA20: Indicate sell, which may suggest short-term corrections. -
📉 Support and resistance levels
Level Price (in dollars) Description
Strong Support $100,000 Important psychological and technical support
Secondary Support $106,000 Recent support level
Current Resistance $110,000 Resistance level close to the current price
Future Resistance $120,000 Potential target if the upward momentum continues
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🧭 Future predictions
End of May 2025 Predictions: Ranging between $110,000 and $120,000, with the potential for short-term corrections.
End of 2025 Predictions: Ranging between $150,000 and $200,000, supported by increased institutional adoption and improved regulatory environment.
⚠️ Notes for investors
Despite the upward momentum, some indicators suggest overbought conditions, which may lead to short-term corrections.
It is important to monitor the aforementioned support and resistance levels for informed investment decisions.
It is advisable to use trailing stop loss orders to protect profits amid potential volatility. -