💹 Bitcoin Market Update — May 29, 2025 (10:15 AM, UTC+5)
By: Muja
🔸 Price: $107,600 (at the time of writing)
🔸 Trend: Range-bound with potential volatility incoming
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🔵 Bullish Scenario (Buyers’ Outlook):
A clean breakout above $108,500 could signal the next leg up, with potential targets at $109,000 and $110,000. For this move to sustain, watch for strong trading volume and a rise in Open Interest (OI).
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🔴 Bearish Scenario (Sellers’ Outlook):
If $107,000 breaks decisively, expect a quick move down to $106,700, and potentially $105,800. A deeper breakdown below $104,000 could expose the $102,000–$100,000 support zone.
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📊 Key Levels to Watch:
Support: $107,000 / $106,700 / $105,800
Resistance: $108,000 / $108,500 / $110,000
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📌 Summary:
Price remains stuck in a range — avoid chasing moves. Focus on level-based trading and wait for confirmation before entering trades.
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Disclaimer: This is not financial advice. The above analysis reflects personal market observations and should not be considered investment guidance. Always do your own research (DYOR) before making trading decisions.