BITCOIN (BTCUSDT) price has recently bounced up from above the 50EMA (yellow line).
Since May 2025, price has been consolidating sideways and has now formed a symmetrical triangle (blue lines). 10% to 20% volatility could be incoming for Bitcoin this summer.
The key resistance prices that Bitcoin has yet to breakout above are: $110000, $112000, $115000, and $120000+.
Support prices are holding at this time, such as $105000, $104000, $102000, and $100000, $95000.
If price holds above $100,000 to $105,000, there is still a chance that Bitcoin can continue to uptrend and rally higher this year in 2025.
However, if $100,000 price and support levels are lost, a new downtrend could occur and price could possibly test the 200EMA zone (red line).
Since May 2025, price has been consolidating sideways and has now formed a symmetrical triangle (blue lines). 10% to 20% volatility could be incoming for Bitcoin this summer.
The key resistance prices that Bitcoin has yet to breakout above are: $110000, $112000, $115000, and $120000+.
Support prices are holding at this time, such as $105000, $104000, $102000, and $100000, $95000.
If price holds above $100,000 to $105,000, there is still a chance that Bitcoin can continue to uptrend and rally higher this year in 2025.
However, if $100,000 price and support levels are lost, a new downtrend could occur and price could possibly test the 200EMA zone (red line).
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Follow Me on TradingView, Youtube, X, Instagram.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Social Media links are in my profile.
Boost, comment, share to support.
All posts are not financial advice.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.