- BTC Price Watch Update: Bitcoin’s price fluctuated between $107,156 and $109,840 on May 24, 2025.
- Bitcoin remains in an overall uptrend, albeit with slight turbulence.
- RSI (Mildly overbought; bullish strength) and Stochastic Oscillator (Trending high; nearing overbought) point toward overbought conditions.
- Bitcoin continues to benefit from institutional interest, spot ETF inflows, and increasing mainstream acceptance.
Bitcoin, has once again captured the attention of investors, traders, and analysts across the globe. As of May 24, 2025, Bitcoin is trading at a remarkable $109,273, a figure that underscores both the optimism and uncertainty currently swirling around the market. With a market capitalization of $2.17 trillion and a daily trading volume of $46.66 billion, the digital asset continues to dominate the headlines. But the real question remains—is this the beginning of another bullish leg, or are we on the verge of a deeper correction?
Bitcoin’s Price Snapshot
On May 24, 2025, Bitcoin’s price action was as intense as ever. Price fluctuated between $107,156 and $109,840, reflecting high market activity and investor interest. Although BTC has pulled back slightly from its recent high of $112,000, bulls are still holding the line.
- Support: $98,000 – $100,000
- Resistance: $112,000
This support zone has historically acted as a buying magnet, with traders stepping in during previous dips earlier in the month. Conversely, $112,000 has emerged as a significant resistance level, where sellers are more than willing to book profits. The strength of these zones will dictate Bitcoin’s next move.
Daily Chart Analysis
The daily chart shows Bitcoin remaining in an overall uptrend, albeit with slight turbulence. After hitting a local high of $112,000, price action experienced a minor pullback, which is not unusual in a bullish environment. What’s encouraging is that previous green candles—marked by strong volume—indicate sustained buying interest. However, a noticeable red candle near the top may be a sign of buyer fatigue or looming profit-taking. If BTC holds above the $106,000–$107,000 zone and prints a bullish engulfing candle, it could trigger a fresh round of buying. On the flip side, another attempt to break above $112,000 may meet stiff resistance, prompting a potential short-term reversal.
4-Hour Chart
On the 4-hour chart, the picture becomes a bit more nuanced. After peaking at $112,000, Bitcoin has been trading within a descending channel, hinting at a short-term correction. But here’s the twist—Bitcoin recently climbed back above $109,000, suggesting a possible reversal attempt. However, there’s a caveat: trading volume remains subdued compared to the earlier bullish surge. This lack of conviction means that a bullish breakout would need confirmation through a close above $110,000, supported by strong volume. Should BTC fall below $108,000 amid rising selling pressure, the market could turn bearish again, with a potential drop toward $106,000—a level that could unsettle many retail investors.
Is a Bullish Reversal Brewing?
Zooming in further, the 1-hour chart reveals an intriguing development. Bitcoin’s price experienced a sharp fall from $111,748 to $106,827, only to slowly recover in the hours that followed. What’s more interesting is the formation of a classic inverse head and shoulders pattern—a reliable bullish reversal signal. Currently, the right shoulder of the pattern is taking shape, and if Bitcoin manages to break out between $109,500 and $110,000, this pattern could be confirmed. A clean breakout would likely accelerate buying and send BTC back toward recent highs. But don’t celebrate just yet. If Bitcoin fails to hold above $108,000 and closes below it on heavy volume, this would invalidate the bullish setup and possibly lead to deeper losses.
Let’s break down the key technical indicators as of now:
| Indicator | Reading | Interpretation |
|---|---|---|
| RSI | 66 | Mildly overbought; bullish strength |
| Stochastic Oscillator | 77 | Trending high; nearing overbought |
| ADX | 33 | Neutral trend; lacking strong directional strength |
| Momentum Oscillator | 5,747 | Bullish lean |
| MACD | 4,016 | Positive; momentum building |
| CCI | 113 | Overbought zone; potential caution |
| Awesome Oscillator | Neutral | Balanced market condition |
In short, while a few indicators such as CCI and Stochastic point toward overbought conditions, others like MACD and Momentum Oscillator support continued bullish sentiment. The balance of signals suggests cautious optimism.
Clear Bullish Trend
One of the strongest cases for the bulls lies in the moving averages. Across the board, both short-term and long-term EMAs and SMAs point upward:
- 10-period EMA: $107,056
- 200-period EMA: $89,495
This wide gap between the short-term and long-term EMAs underscores the strength of the long-term uptrend. Even if Bitcoin experiences short-term dips, the broader trend remains resolutely bullish.
Path to Higher Highs
Let’s look at the best-case scenario for Bitcoin:
- Price closes above $110,000 on strong volume
- Breaks through resistance at $112,000
- Momentum indicators continue to trend upward
Under this scenario, Bitcoin could catapult toward new highs, potentially entering a fresh bullish phase targeting $115,000 and beyond. Strong support at lower levels and clear buy signals from moving averages reinforce this possibility.
Trouble Beneath the Surface?
Still, caution must not be thrown to the wind. Here’s the worst-case scenario that Bitcoin traders should keep on their radar:
- Price fails to hold $108,000
- Selling pressure intensifies, particularly if accompanied by rising volume
- Breakdown toward $106,000 or lower
Additionally, several technical signals are flashing warnings. The overbought CCI reading, weakening 4-hour chart volume, and failure to reclaim $110,000 could combine to spell trouble. Resistance at $112,000 remains formidable.
Investor Sentiment and Broader Market Context
Beyond technicals, sentiment remains cautiously optimistic. While macroeconomic factors such as inflation data and interest rate policies can shift dynamics quickly, Bitcoin continues to benefit from institutional interest, spot ETF inflows, and increasing mainstream acceptance.
Moreover, ongoing geopolitical uncertainty and concerns over fiat currency devaluation continue to push investors toward Bitcoin as a store of value. This narrative is unlikely to vanish anytime soon.
A Market at a Crossroads
Bitcoin’s current price behavior is a classic battleground between bulls eager for a breakout and bears watching for a retracement. While the underlying trend remains bullish, short-term caution is warranted. The next few trading sessions are crucial. A successful breakout above $110,000 with volume could set the stage for a strong summer rally. Conversely, a failure to hold $108,000 could drag Bitcoin lower and shake investor confidence. For now, Bitcoin remains poised for a move—but the direction will depend heavily on how the market digests current levels of support, resistance, and trading volume. Stay alert, stay informed, and trade with a strategy.
Read Also: Strategy’s $764.9M Bitcoin Investment: Implications for the Crypto Market
Disclaimer: CryptopianNews shares this for learning and info only. It’s not meant to be financial or investment advice. Crypto markets change a lot and move quickly. Investing in them can be risky. You should always look into things yourself. Talk to a trained financial advisor before making any choices about investing.
- How Crypto-Backed Lending Fuels Commodities Growth - November 14, 2025
- Ripple Prime Launch: $1.25B Hidden Road Power Move - October 24, 2025
- Binance Faces $8B Decline as Bitcoin & Ethereum Slip - October 16, 2025