$BTC
As of May 28, 2025, the price of Bitcoin (BTC) is fluctuating around record-high levels, ranging between $107,500 and $110,000, after reaching an all-time high of $111,980 earlier this week.
Current Technical Analysis
Major Resistance: Bitcoin faces strong resistance at the $110,000 level, which is considered an important psychological and technical barrier. A breakout above this level could pave the way for new highs.
Nearby Support: In the event of a pullback, the price is expected to find support at the $108,000 and $107,000 levels. Breaking these levels could lead to further correction towards $97,000.
Technical Indicators: Some indicators suggest a state of overbuying, which could lead to short-term corrections. However, the overall trend remains bullish, supported by positive market momentum.
Future Predictions
Short-term Forecast: If Bitcoin can consistently break above the $110,000 level, it may target $120,000 in the coming weeks.
