Bitcoin Price Prediction for May 26: Bulls Struggle Near $108K As Momentum Weakens Inside Rising Channel
The Bitcoin price today is trading around $107,700 after facing rejection near $108,800, indicating a temporary loss of bullish momentum. Despite a breakout from the $105,000–$106,500 zone earlier this week, the price action is showing signs of short-term exhaustion as indicators turn mixed. The broader structure, however, still remains within a rising channel formation, leaving the door open for a potential push higher—if key support levels hold.
What’s Happening With Bitcoin’s Price?
After breaking above the key resistance band near $106,000, the Bitcoin price action surged to a multi-week high around $108,800. But this sharp move has slowed, with intraday charts now reflecting a bearish divergence. On the 30-minute and 4-hour charts, BTC is consolidating inside a narrowing range, with lower highs forming under a trendline capped near $108,400.
Notably, the 30-minute chart shows the price trapped between horizontal resistance and demand around $107,000. Several breakdown attempts have been absorbed, but the lower timeframe structure has now shifted slightly bearish, suggesting a possible test of support between …
The post Bitcoin Price Prediction for May 26: Bulls Struggle Near $108K As Momentum Weakens Inside Rising Channel appeared first on Coin Edition.
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Bitcoin Price Prediction for May 26: Bulls Struggle Near $108K As Momentum Weakens Inside Rising Channel
The Bitcoin price today is trading around $107,700 after facing rejection near $108,800, indicating a temporary loss of bullish momentum. Despite a breakout from the $105,000–$106,500 zone earlier this week, the price action is showing signs of short-term exhaustion as indicators turn mixed. The broader structure, however, still remains within a rising channel formation, leaving the door open for a potential push higher—if key support levels hold.
What’s Happening With Bitcoin’s Price?
After breaking above the key resistance band near $106,000, the Bitcoin price action surged to a multi-week high around $108,800. But this sharp move has slowed, with intraday charts now reflecting a bearish divergence. On the 30-minute and 4-hour charts, BTC is consolidating inside a narrowing range, with lower highs forming under a trendline capped near $108,400.
Notably, the 30-minute chart shows the price trapped between horizontal resistance and demand around $107,000. Several breakdown attempts have been absorbed, but the lower timeframe structure has now shifted slightly bearish, suggesting a possible test of support between …
The post Bitcoin Price Prediction for May 26: Bulls Struggle Near $108K As Momentum Weakens Inside Rising Channel appeared first on Coin Edition.
Read More
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