Bitcoin (BTC) Price Prediction for May 22: Will Bulls Reclaim Momentum Above $107K?
After briefly testing $107,700, the Bitcoin price today is trading around $106,650, slipping into mild consolidation as momentum indicators turn mixed. Following a strong surge earlier in May, bulls are now showing hesitation near a historically critical supply zone between $107,000 and $108,000. The market is watching closely to see whether Bitcoin price can hold above $106,000 or whether another correction is brewing.
This cooling phase comes after a strong breakout from $101,500–$102,000 support levels, driven by bullish sentiment across equities and broader crypto markets. But as the price approaches overbought regions, traders are questioning: Why Bitcoin price going down today despite strong weekly performance?
What’s Happening With Bitcoin’s Price?
On the 4-hour chart, Bitcoin price action reveals a strong uptrend still intact, with candles consistently closing above the 20-EMA ($105,447) and 50-EMA ($104,200). However, the latest pullback from the $107,777 peak shows signs of short-term weakness. Notably, Bollinger Bands are beginning to compress, with the upp…
The post Bitcoin (BTC) Price Prediction for May 22: Will Bulls Reclaim Momentum Above $107K? appeared first on Coin Edition.
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Bitcoin (BTC) Price Prediction for May 23: Will Bulls Reclaim Momentum Above $111K?
Bitcoin (BTC) Price Prediction for May 22: Will Bulls Reclaim Momentum Above $107K?
After briefly testing $107,700, the Bitcoin price today is trading around $106,650, slipping into mild consolidation as momentum indicators turn mixed. Following a strong surge earlier in May, bulls are now showing hesitation near a historically critical supply zone between $107,000 and $108,000. The market is watching closely to see whether Bitcoin price can hold above $106,000 or whether another correction is brewing.
This cooling phase comes after a strong breakout from $101,500–$102,000 support levels, driven by bullish sentiment across equities and broader crypto markets. But as the price approaches overbought regions, traders are questioning: Why Bitcoin price going down today despite strong weekly performance?
What’s Happening With Bitcoin’s Price?
On the 4-hour chart, Bitcoin price action reveals a strong uptrend still intact, with candles consistently closing above the 20-EMA ($105,447) and 50-EMA ($104,200). However, the latest pullback from the $107,777 peak shows signs of short-term weakness. Notably, Bollinger Bands are beginning to compress, with the upp…
The post Bitcoin (BTC) Price Prediction for May 22: Will Bulls Reclaim Momentum Above $107K? appeared first on Coin Edition.
Read More
Why Are Bitcoin Traders Aggressively Shorting as BTC Hits New Record High?