Bitcoin Price Prediction for May 25: Will Bulls Defend $108K or Is a Deeper Drop Ahead?
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After a volatile 24 hours, the Bitcoin price today is hovering near $108,050, struggling to regain footing after a sharp rejection from the $110,950 zone. While the broader trend remains bullish over the month, short-term charts now reflect fatigue as buyers failed to hold the recent highs. The focus has shifted to whether Bitcoin can stabilize above key support zones or if more downside is in store before the next breakout.
What’s Happening With Bitcoin’s Price?
The latest Bitcoin price action shows a failed breakout attempt above the upper Bollinger Band, followed by a rapid drop to the midline and a temporary bounce from intraday support around $107,400. The 30-minute and 4-hour charts reveal a significant sell-off candle on May 23, triggering a bearish engulfing pattern just after Bitcoin briefly tested the $111,000 area.
This drawdown comes despite a strong upward channel visible on the 4-hour timeframe since May 7. The price is now testing the median line of that rising channel, signaling a moment of truth for bulls. If this support fails, we may see a deeper retracement toward $105,900.
Technical Analysis…
The post Bitcoin Price Prediction for May 25: Will Bulls Defend $108K or Is a Deeper Drop Ahead? appeared first on Coin Edition.
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Bitcoin Price Prediction for May 25: Will Bulls Defend $108K or Is a Deeper Drop Ahead?
Share:
After a volatile 24 hours, the Bitcoin price today is hovering near $108,050, struggling to regain footing after a sharp rejection from the $110,950 zone. While the broader trend remains bullish over the month, short-term charts now reflect fatigue as buyers failed to hold the recent highs. The focus has shifted to whether Bitcoin can stabilize above key support zones or if more downside is in store before the next breakout.
What’s Happening With Bitcoin’s Price?
The latest Bitcoin price action shows a failed breakout attempt above the upper Bollinger Band, followed by a rapid drop to the midline and a temporary bounce from intraday support around $107,400. The 30-minute and 4-hour charts reveal a significant sell-off candle on May 23, triggering a bearish engulfing pattern just after Bitcoin briefly tested the $111,000 area.
This drawdown comes despite a strong upward channel visible on the 4-hour timeframe since May 7. The price is now testing the median line of that rising channel, signaling a moment of truth for bulls. If this support fails, we may see a deeper retracement toward $105,900.
Technical Analysis…
The post Bitcoin Price Prediction for May 25: Will Bulls Defend $108K or Is a Deeper Drop Ahead? appeared first on Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Crypto Market Crash: Here’s Why the Crypto Prices Are Going Down Today