Bitcoin Price Analysis: May 29, 2025 – Market Trends and Predictions
As of May 29, 2025, Bitcoin (BTC) trades at approximately $108,040.31, reflecting a 1.45% increase over the past 24 hours, with a market cap of $2.18 trillion. The cryptocurrency maintains a bullish trend, supported by strong institutional adoption and regulatory clarity. Bitcoin’s recent breakout above $100,000 in December 2024, peaking at $111,891.30 on May 22, 2025, signals robust momentum. However, short-term volatility persists, with technical indicators suggesting caution.
The 50-day and 200-day moving averages are rising, indicating sustained bullish sentiment, while the Relative Strength Index (RSI) at 64.87 shows a neutral stance, hinting at potential consolidation between $90,000 and $110,000. A bearish MACD crossover and RSI trendline break suggest a possible dip to $78,500, though this could be a trap. Analysts predict a 2025 range of $85,753 to $210,125, driven by institutional inflows and Bitcoin’s finite supply. Spot Bitcoin ETFs, holding 7% of circulating supply, continue to attract significant capital, reducing volatility.
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$XRP #Disclaimer: Cryptocurrency markets are volatile. Conduct independent research before investing.
