Chart Analysis 1. Trend Descending Channel: The price is trading within a well-defined downward (bearish) channel, marked by two parallel blue trendlines. Lower Highs & Lower Lows: This pattern indicates sustained selling pressure and a bearish sentiment in the short term. 2. Support & Resistance Support: The lower boundary of the channel (~$143) is acting as immediate support. Resistance: The upper boundary of the channel (~$150) is acting as resistance. 3. Volume Volume
Is Bitcoin Struggling to Go Up? (May 2025 Analysis) If you have any doubts about Bitcoin to reclaiming its rightful price then read this. 🚀 #bitcoin
Zack Matthees
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Is Bitcoin Struggling to Go Up? (May 2025 Analysis)
$BTC
Short-Term Price Action As of early May 2025, Bitcoin is trading around $96,000, slightly below the psychological $100,000 mark and down about 0.47% on the day. The 1-hour chart shows a clear descending trendline, indicating short-term downward pressure and a series of lower highs since the recent local peak.Price has been consolidating just below resistance at $96,297, with several failed attempts to break above the trendline, suggesting that Bitcoin is indeed facing difficulty in mounting a sustained upward move in the very short term. Recent Market Context Despite this short-term struggle, Bitcoin has demonstrated strong recovery in recent weeks. After a significant correction in early April (down to $74,000), BTC rebounded by 24% and is now up roughly 15% month-over-month, firmly above key support levels.Technical analysis points to a period of “narrow consolidation” below resistance around $95,000–$96,000. This zone has become a battleground between buyers and sellers, with overhead resistance proving tough to break. Momentum and Demand On-chain metrics show that Bitcoin’s demand has turned positive for the first time since February, signaling a shift in investor behavior and hinting at renewed accumulation.However, institutional inflows (especially from US-based ETFs) remain subdued compared to previous peaks, which may be contributing to the current lack of explosive upside momentum. Medium-Term Outlook Most analysts remain bullish for May and beyond. The consensus is that the current consolidation is likely a pause before another leg higher, with several sources predicting a move above $100,000 if Bitcoin can break current resistance with strong volume.Support levels are well-defined at $95,000 and $93,500, with a deeper correction potentially bottoming near $91,000. As long as daily closes remain above $95,000, the bullish structure is considered intact.Bullish technical indicators (such as a MACD crossover and accelerating RSI) suggest that upward momentum could resume soon, especially if volume returns.
Conclusion Bitcoin is currently struggling to break out of a short-term downtrend and faces resistance just below $100,000, with clear signs of consolidation and indecision among traders. However, the broader trend remains bullish, with technical and on-chain indicators suggesting that this is likely a temporary pause before a potential move higher later in May or June. If Bitcoin can decisively break above $100,000 with renewed volume, further upside toward $105,000 and beyond is anticipated. #BTCRebound 😀 #BTC☀️
Is Bitcoin Struggling to Go Up? (May 2025 Analysis)
$BTC
Short-Term Price Action As of early May 2025, Bitcoin is trading around $96,000, slightly below the psychological $100,000 mark and down about 0.47% on the day. The 1-hour chart shows a clear descending trendline, indicating short-term downward pressure and a series of lower highs since the recent local peak.Price has been consolidating just below resistance at $96,297, with several failed attempts to break above the trendline, suggesting that Bitcoin is indeed facing difficulty in mounti
$Sui (SUI) is expected to continue a cautiously bullish trend in the near term. Key points for its next moves are:
• Short-term price may hover between $3.2 and $3.8 as it consolidates and builds momentum, with potential to test $4.0 and possibly reach $4.5 if buying interest remains strong.
• A decisive daily close above $3.65 or $3.80 would confirm bullish momentum and could lead to further gains toward $4.20–$4.50 and beyond.
• Support levels to watch are around $3.00–$3.20; falling below $2.90 would invalidate the bullish outlook and could trigger a deeper correction toward $2.3–$2.5.
• Longer-term forecasts are optimistic, with some analysts projecting Sui could reach $7.5–$8 by mid-2025 and even above $11 by the end of May 2025, assuming favorable market conditions and continued network growth.
In summary, Sui’s next moves depend on holding key support and breaking above resistance near $3.65–$3.80. If it does, a rally toward $4.5 and higher is likely; if not, a pullback toward the mid-$2 range is possible.
Bitcoin is positioned for a potential push toward $100,000 in the near term, supported by bullish technical setups, strong on-chain fundamentals, and robust institutional interest. A decisive break above $97,000 and then $100,000 could trigger a rapid move higher, while the $90,000–$92,000 zone is expected to provide support in case of pullbacks.
If You Want to play in Long Run Then wait and don't get afraid of little pullbacks .