BTC May 2025 Outlook: Resistance Ahead as Coinbase Premium Gap Slips to -5.07
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- Bitcoin trades near $94K in May as Coinbase Premium drops -5.07, signaling U.S. caution
- MACD flips bearish while Bollinger Band midline offers critical support near $92K
- On-chain metrics remain strong with 88% of BTC supply in profit and RPLR above 1.0
Bitcoin’s price prediction for May 2025 presents a mixed picture, as the leading cryptocurrency trades near $94,338, reflecting a slight -0.42% daily decline.
While BTC holds near recent highs, analysis reveals short-term caution signs clashing with resilient on-chain support, shaping the potential price path this month.
Coinbase Premium Dip Signals US Investor Caution for May
A key indicator of US market sentiment, the Coinbase Premium Gap, flashed a warning sign with a sharp -5.07 drop. This metric, which measures the price difference of BTC on Coinbase versus global exchanges, had recently rebounded, indicating easing bearish pressure.
However, the latest dip into negative territory points to a shift in sentiment, possibly as US whales take profits or rotate into cash.
Historically, negative Coinbase Premium can precede price weakness. Seeing this selling pressure emerge as Bitcoin nears the cr…
The post BTC May 2025 Outlook: Resistance Ahead as Coinbase Premium Gap Slips to -5.07 appeared first on Coin Edition.
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