Bitcoin Price Prediction for May 27: Bulls Hold $109K as Market Eyes $112K Breakout
After reclaiming lost ground earlier this week, the Bitcoin price today is trading around $109,560, consolidating just under the $110,000 psychological barrier. The market’s recent recovery from a steep May 24 dip has turned attention back to whether bulls can muster enough momentum to pierce through $111,287 and retest the yearly high at $112,000.
What’s driving this shift in tone? A mix of strong institutional flows, range-bound consolidation, and signals from key technical indicators suggest a breakout could be in play—if the bulls defend the current zone convincingly.
What’s Happening With Bitcoin’s Price?
The Bitcoin price action over the past 48 hours reflects a successful bounce from the $107,000 zone, where a cluster of EMA supports (20/50/100 on the 4-hour chart) cushioned the selloff. This bounce saw BTC form a bullish engulfing pattern on shorter timeframes, followed by a clean break above the descending resistance trendline drawn from May 23’s peak.
On the 4-hour chart, Bitcoin price volatility has contracted slightly after hitting intraday highs near $…
The post Bitcoin Price Prediction for May 27: Bulls Hold $109K as Market Eyes $112K Breakout appeared first on Coin Edition.
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Bitcoin Price Prediction for May 27: Bulls Hold $109K as Market Eyes $112K Breakout
After reclaiming lost ground earlier this week, the Bitcoin price today is trading around $109,560, consolidating just under the $110,000 psychological barrier. The market’s recent recovery from a steep May 24 dip has turned attention back to whether bulls can muster enough momentum to pierce through $111,287 and retest the yearly high at $112,000.
What’s driving this shift in tone? A mix of strong institutional flows, range-bound consolidation, and signals from key technical indicators suggest a breakout could be in play—if the bulls defend the current zone convincingly.
What’s Happening With Bitcoin’s Price?
The Bitcoin price action over the past 48 hours reflects a successful bounce from the $107,000 zone, where a cluster of EMA supports (20/50/100 on the 4-hour chart) cushioned the selloff. This bounce saw BTC form a bullish engulfing pattern on shorter timeframes, followed by a clean break above the descending resistance trendline drawn from May 23’s peak.
On the 4-hour chart, Bitcoin price volatility has contracted slightly after hitting intraday highs near $…
The post Bitcoin Price Prediction for May 27: Bulls Hold $109K as Market Eyes $112K Breakout appeared first on Coin Edition.
Read More