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Bitcoin (BTC) Price Prediction for May 25

u.today

23 min ago

Bitcoin (BTC) Price Prediction for May 25

The prices of all top 10 coins are falling today, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has declined by 1.62% over the last day. On the hourly chart, the price of BTC is on the way to the local support of $106,765. If bulls cannot seize the initiative, one can expect a test of the $106,500 range by tomorrow. On the bigger time frame, traders should focus on the daily bar closure in terms of the support level of $106,827. If a breakout happens, the accumulated energy might be enough for a dump to the $105,000 area. From the midterm point of view, the price of the main crypto has made a false breakout of the resistance of $109,356. If the weekly bar closes far from that mark, there is a chance of a correction to the $100,000-$105,000 zone soon. Bitcoin is trading at $106,999 at press time.

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