On Saturday, May 31, 2025, the price of Bitcoin shows notable volatility, ranging between $103,000 and $104,000, with a recorded decline of 0.85% over the past 24 hours.

Today's Forecast

Technical indicators suggest potential selling pressures, especially with the impending Death Cross, a negative signal in technical analysis. Additionally, the market witnessed a liquidation of positions worth $827 million over the past 24 hours, reflecting a state of panic among investors.

Short-term Forecast

Despite the current pressures, some forecasts show cautious optimism. Bitcoin is expected to range between $102,000 and $108,000 by the end of May, with a possibility of exceeding $112,000 if it breaks the $100,000 level. Other forecasts indicate the potential for the price to reach $105,000 in a bullish scenario.

Summary

Based on current data, it is likely that the price of Bitcoin will remain within the range of $102,000 to $104,000 throughout the day, with the possibility of additional fluctuations. Investors are advised to exercise caution and closely monitor the market before making any investment decisions.

#MarketPullback $BTC

BTC

104,285.72

+0.84%

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