Bitcoin (BTC) Price Prediction May 2025: Can BTC Break Above $96K or Face Resistance?
Bitcoin (BTC/USD) is currently trading just below $95,000 after staging a steady recovery from its April lows. The world’s leading cryptocurrency has entered May 2025 with strong momentum, reclaiming key moving averages and breaking out of a prior descending trendline. However, it now finds itself in a critical resistance zone—teetering on the edge of a potential breakout or consolidation phase.
Weekly Chart: Holding Above Key Fibonacci Levels
The long-term structure remains bullish. Bitcoin is holding above the 0.236 Fibonacci retracement level from its $42,997 low to its $109,396 peak, with that retracement level anchored at $89,459. As long as price action remains above this zone, bulls retain structural control.
- 0.382 Fib support sits at $77,126, which marks the next significant support in case of a pullback.
- Resistance remains heavy around $100,000–$109,000, where previous rallies faced selling pressure.
The broader structure shows a healthy retracement, followed by a reattempt at higher highs. However, BTC must breach $96K convincingly to challenge psychological and technical resistance near six figures.
Daily Chart: Breakout Retest Unde…
The post Bitcoin (BTC) Price Prediction May 2025: Can BTC Break Above $96K or Face Resistance? appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction May 2025: Can BTC Break Above $96K or Face Resistance?
Bitcoin (BTC/USD) is currently trading just below $95,000 after staging a steady recovery from its April lows. The world’s leading cryptocurrency has entered May 2025 with strong momentum, reclaiming key moving averages and breaking out of a prior descending trendline. However, it now finds itself in a critical resistance zone—teetering on the edge of a potential breakout or consolidation phase.
Weekly Chart: Holding Above Key Fibonacci Levels
The long-term structure remains bullish. Bitcoin is holding above the 0.236 Fibonacci retracement level from its $42,997 low to its $109,396 peak, with that retracement level anchored at $89,459. As long as price action remains above this zone, bulls retain structural control.
- 0.382 Fib support sits at $77,126, which marks the next significant support in case of a pullback.
- Resistance remains heavy around $100,000–$109,000, where previous rallies faced selling pressure.
The broader structure shows a healthy retracement, followed by a reattempt at higher highs. However, BTC must breach $96K convincingly to challenge psychological and technical resistance near six figures.
Daily Chart: Breakout Retest Unde…
The post Bitcoin (BTC) Price Prediction May 2025: Can BTC Break Above $96K or Face Resistance? appeared first on Coin Edition.
Read More
Bitcoin Price Prediction for May 24: Bulls Pause Near $112K as Breakout Momentum Cools