$BTC

🔍 Bitcoin Technical Analysis – May 29, 2025

Bitcoin (BTC) is currently consolidating around $107,359 after reaching an all-time high of $111,980 earlier this month.

📊 Key Technical Levels

Resistance: $111,500 – $112,000

Support: $105,000, with stronger support at $100,000

Trend: Bullish across short-, medium-, and long-term timeframes

📈 Momentum & Market Sentiment

Volume: Weekly trading volumes have increased by 41%, indicating renewed market activity.

Institutional Inflows: Continued interest from institutions, including ETFs and corporate treasuries, supports the bullish outlook.

🔮 BTC Price Forecasts

Short-Term (June 2025): Analysts predict a potential rise to $114,000–$116,000 if BTC breaks above $111,500.

Mid-Term (Summer 2025): Projections suggest a surge to $140,000, driven by institutional adoption.

Long-Term (End of 2025): Some models forecast a peak between $220,000 and $330,000, based on historical trends and power law models.

⚠️ Risks to Monitor

Momentum Indicators: Bearish divergences in momentum indicators could signal a potential pullback to $100,000.

Macroeconomic Factors: Trade tensions and global economic uncertainties may impact market sentiment and price stability.

📌 Summary

Bitcoin's current consolidation phase suggests a healthy market correction after recent highs. The overall trend remains bullish, supported by institutional interest and positive technical indicators. However, traders should remain cautious of potential pullbacks and monitor key support levels.