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Bitcoin Price Aims Higher: Is the Rally Just Getting Started?

May 26, 2025Updated:May 26, 2025No Comments3 Mins Read
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Bitcoin Price Aims Higher: Is the Rally Just Getting Started?
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Bitcoin value began a contemporary improve and traded to a brand new all-time excessive above the $111,600 zone. BTC is now consolidating and may begin one other improve above $111,000

  • Bitcoin began a contemporary upward transfer from the $106,800 zone.
  • The value is buying and selling above $108,500 and the 100 hourly Easy shifting common.
  • There was a break above a key bearish pattern line with resistance at $107,800 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
  • The pair might achieve bullish momentum if it clears the $110,000 resistance.

Bitcoin Value Eyes Contemporary Enhance

Bitcoin value traded to a brand new all-time above $110,000 and just lately began a draw back correction. BTC examined the $106,700 zone and just lately began a contemporary improve.

There was a transfer above the $107,000 and $108,000 resistance ranges. The bulls pushed the worth above the 23.6% Fib retracement degree of the current decline from the $111,983 swing excessive to the $106,672 low. Apart from, there was a break above a key bearish pattern line with resistance at $107,800 on the hourly chart of the BTC/USD pair.

Bitcoin is now buying and selling above $109,000 and the 100 hourly Easy shifting common. On the upside, quick resistance is close to the $110,000 degree. It’s near the 61.8% Fib retracement degree of the current decline from the $111,983 swing excessive to the $106,672 low.

Bitcoin Price Aims Higher: Is the Rally Just Getting Started?

The primary key resistance is close to the $110,750 degree. The following key resistance could possibly be $111,800. A detailed above the $111,800 resistance may ship the worth additional greater. Within the said case, the worth might rise and check the $113,000 resistance degree. Any extra positive factors may ship the worth towards the $115,000 degree.

One other Decline In BTC?

If Bitcoin fails to rise above the $111,000 resistance zone, it might begin one other correction. Rapid assist on the draw back is close to the $108,000 degree. The primary main assist is close to the $107,500 degree.

The following assist is now close to the $106,500 zone. Any extra losses may ship the worth towards the $105,000 assist within the close to time period. The principle assist sits at $103,200, beneath which BTC may achieve bearish momentum.

Technical indicators:

Hourly MACD – The MACD is now gaining tempo within the bullish zone.

Hourly RSI (Relative Power Index) – The RSI for BTC/USD is now above the 50 degree.

Main Help Ranges – $107,500, adopted by $106,500.

Main Resistance Ranges – $111,000 and $113,000.



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