#Current Price and Market Context (as of May 24, 2025):
Price: Bitcoin is trading around $103,000–$111,000, with recent consolidation near $103,000 after facing resistance at $105,000.
Market Sentiment: Bullish, with the Fear & Greed Index at 78 (Extreme Greed) and 28 technical indicators signaling buy versus 6 bearish signals.
Volatility: Bitcoin has shown increased volatility recently, with a 0.94% daily volatility estimate.
# Forecast for Next Week (May 26 - June 1, 2025)
--Bullish Scenario:
Probability: High (based on 73% bullish market sentiment and technical indicators favouring buy signals).
Price Target: $124,000–$127,000, with a potential push toward if resistance at $105,000 is decisively broken in weekly time frame
Catalysts:
Continued institutional inflows (e.g., $6.9B in U.S. spot Bitcoin ETF inflows over three weeks).
Sustained trading above key EMAs and support levels ($103,000–$106,000).
Bearish Scenario:
Probability: Moderate (due to overbought RSI and recent resistance at $105,000).
Price Target: A pullback to $100,000–$103,000, with a deeper correction possible to $95,000 if support at $103,000 fails.
-- Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources and X posts. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
Price: Bitcoin is trading around $103,000–$111,000, with recent consolidation near $103,000 after facing resistance at $105,000.
Market Sentiment: Bullish, with the Fear & Greed Index at 78 (Extreme Greed) and 28 technical indicators signaling buy versus 6 bearish signals.
Volatility: Bitcoin has shown increased volatility recently, with a 0.94% daily volatility estimate.
# Forecast for Next Week (May 26 - June 1, 2025)
--Bullish Scenario:
Probability: High (based on 73% bullish market sentiment and technical indicators favouring buy signals).
Price Target: $124,000–$127,000, with a potential push toward if resistance at $105,000 is decisively broken in weekly time frame
Catalysts:
Continued institutional inflows (e.g., $6.9B in U.S. spot Bitcoin ETF inflows over three weeks).
Sustained trading above key EMAs and support levels ($103,000–$106,000).
Bearish Scenario:
Probability: Moderate (due to overbought RSI and recent resistance at $105,000).
Price Target: A pullback to $100,000–$103,000, with a deeper correction possible to $95,000 if support at $103,000 fails.
-- Disclaimer --
This analysis is based on recent technical data and market sentiment from web sources and X posts. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
renderwithme
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.