$BTC Bitcoin today, 29/05/2025: long-term holders begin to sell and halt the price of BTC

On another day of stability, the price of Bitcoin (BTC) recorded a slight drop of 0.2% and remained around 108,000 US dollars (approximately 99,400 euros) this Thursday, May 29. According to data from CoinGecko, the day's low reached 108,489 USD (about 99,810 EUR), a level at which BTC was holding at the close of this note.

As has happened throughout the week, the cryptocurrency market continues to show a climate of optimism, driven by positive macroeconomic factors and the growing institutional interest in exchange-traded funds (ETFs). However, the price of Bitcoin remains stable, failing to overcome the key resistance of 110,000 USD (about 101,200 EUR).

In the specific case of Bitcoin, the current moment is one of consolidation, as explained by Guilherme Prado, country manager of Bitget. Despite the positive sentiment, technical indicators such as the RSI and transaction volume point to a pause in buying momentum.

"BTC faces significant resistance around 110,600 USD (approx. 101,750 EUR), while a loss of support between 107,800 and 106,505 USD (99,175 – 97,185 EUR) could open space for a deeper correction. In summary, the short term suggests a neutral-bearish bias, but if it holds above the supports and strongly breaks the resistance, it could reignite buying interest and lead the asset to seek new all-time highs above 112,000 USD (103,000 EUR)," Prado stated.