Based on the latest technical analysis of Bitcoin price (BTCUSD) on May 29, 2025, here are the key support and resistance levels today:
### Today's support and resistance levels (2025-05-29)
1. Key support level:
- 106,550 USD (pivotal support level, with testing of a short-term upward trend line).
- 105,000 USD (minimum of the expected range today).
- 102,135 USD (secondary support in case of breaching 106,726 USD).
2. Key resistance level:
- 110,000 USD (psychological and pivotal resistance, with the possibility of breaching it if momentum continues).
- 110,725 USD (dynamic resistance related to moving averages).
- 112,000 USD (recent historical peak, could be an upward target if 110,000 USD is surpassed).
### Expected trading range today
- From 105,000 USD to 110,000 USD.
- With the possibility of expanding the range if any of the key levels are breached.
### Additional notes
- Technical indicators:
- The Relative Strength Index (RSI) indicates excessive selling pressure, supporting the chances of a bullish rebound.
- The 50-day moving average (EMA-50) at 108,846 USD may serve as dynamic support.
- Impact of whales and institutions:
- A decline in the number of whale wallets (major investors) could increase volatility.
- ETF fund flows (such as BlackRock and Fidelity) support positive momentum.
### Technical recommendation
- Bullish scenario: If the price holds above 106,550 USD, it may target 110,000 USD and then 112,000 USD.
- Bearish scenario: If it drops below 105,000 USD, it may test 102,135 USD.
