🚀 Technical Analysis of Bitcoin (BTC) – May 22, 2025

Bitcoin has reached a new all-time high of $111,819 USD, consolidating its position above $110,000 USD. This bullish momentum is supported by strong technical indicators and increasing institutional interest.

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📊 Key Technical Indicators

• RSI (Relative Strength Index): Currently at 62, indicating bullish momentum without entering overbought territory.

• MACD (Moving Average Convergence/Divergence): Signaled a bullish crossover on the 4-hour chart, suggesting strengthening positive momentum.

• Trading Volume: Daily volume reached $38 billion, a 22% increase from the previous day, reflecting active market participation.

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🏦 Institutional Flows and Correlations

• Investments in Bitcoin ETFs: Inflows of $1.2 billion were recorded in Bitcoin ETFs during the week ending May 20, indicating strong institutional interest.

• Correlation with Nasdaq: The 7-day correlation between BTC and Nasdaq stands at 0.78, suggesting that movements in the tech sector are influencing Bitcoin's price.

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🔮 Short-Term Outlook

Analysts foresee that if Bitcoin maintains its momentum, it could reach levels between $115,000 and $120,000 USD in the coming weeks. However, it is essential to monitor the market and be alert to potential corrections.

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💬 What do you think about this new Bitcoin record? Do you believe it will continue its ascent or will we see a correction in the short term?

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