$BTC Technical Analysis – May 23, 2025
Bitcoin’s$BTC technical indicators continue to paint a highly bullish picture. All twelve tracked moving averages—both simple and exponential—are pointing to the upside, indicating strong and sustained momentum across short, medium, and long-term trends. Prices remain well above the 200-day average, underscoring the depth of the current upward move.
Momentum indicators reinforce this strength. The Relative Strength Index (RSI) is elevated at 74.47, while both Stochastic and CCI are firmly in overbought territory—often a sign of strong bullish pressure, albeit with caution for potential short-term pullbacks. MACD and ADX values are also supporting the trend, with ADX at 35.4, signaling a trend with solid strength behind it.
Price volatility appears to be easing, with the Average True Range (ATR) showing lower values, potentially hinting at more stable price action despite Bitcoin’s elevated levels. The Ultimate Oscillator and Bull/Bear Power further confirm prevailing upward sentiment, with the latter reaching extremely high positive values.
Pivot point analysis places the current trading range just above the Classic pivot level of 110,979, with near-term resistance at 112,677 and 113,651, levels worth monitoring for possible price reaction.
All major technical signals are aligned in a strong upward configuration. Whether it's momentum, volatility, or trend strength—everything points to a market full of opportunity. Traders will no doubt be watching closely for the next decisive move.
