Current Price: Approximately $110,919, an increase of $4,386 (4.12%) from the previous close.
Highest Price Today: $111,547.
Lowest Price Today: $106,178.
This performance shows the continued bullish momentum of Bitcoin, achieving new record numbers.
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📈 Technical Analysis
"Golden Cross" Pattern: Technical indicators suggest the formation of a "Golden Cross", where the 50-day moving average crosses above the 200-day moving average, which is considered a positive signal for the continuation of the bullish trend.
"Ascending Wedge" Pattern: An "Ascending Wedge" pattern is noted in the charts, which may indicate a potential price correction in the near future.
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🔮 Future Projections
Short-term Forecasts: Some analysts expect the price of Bitcoin to reach $118,000 in the near future, driven by current momentum.
Medium-term Forecasts: Some predictions indicate the possibility of the price reaching $131,500 by May 26, 2025.
Long-term Forecasts: Analysts expect the price of Bitcoin to reach between $125,000 and $150,000 in the coming months, based on current trends.