On May 25, 2025, Bitcoin is trading at levels around $108,756, having reached an all-time high of $111,886 on May 22. This surge is driven by increasing institutional demand and positive regulatory developments in the United States, including the establishment of a strategic Bitcoin reserve.
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🔍 Quick Technical Overview
Moving Averages: The price is above the 50 and 200-day moving averages, indicating a strong bullish trend.
Relative Strength Index (RSI): Approaching overbought territory, which may indicate the possibility of a short-term correction.
Ascending Wedge Pattern: Analysis indicates the formation of an ascending wedge pattern, which may lead to a correction if the current resistance is not breached.
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📊 Key Support and Resistance Levels
Strong Support: $100,000 – Important psychological level.
Secondary Support: $107,000 – Nearby technical support level.
Current Resistance: $110,000 – Major resistance level.
Next Resistance: $115,000 – If the current resistance is broken.
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📈 Potential Scenarios
Bullish Scenario: If the $110,000 level is firmly breached, the price may target $115,000 in the short term.
Bearish Scenario: If the breakout fails, the price may return to test support levels at $107,000 or even $100,000.
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🧠 Recommendations for Investors
For long-term investors: Current opportunities may be suitable for gradual accumulation, considering risk management.
For day traders: It is advisable to wait for confirmation of the breakout or a bounce from support levels before taking new positions.