Bitcoin (BTC) is trading around $109,273 on May 24, 2025, after a volatile session. The price moved between $107,156 and $109,840, with a total market cap of $2.17 trillion and a 24-hour volume of $46.66 billion. The trend is mostly bullish, but signs of a slowdown are starting to appear.
On the daily chart, bitcoin remains in an uptrend after hitting a recent top at $112,000. Support lies between $98,000 and $100,000, a zone where buyers stepped in earlier this month. Traders are watching the $106,000–$107,000 level closely. If bitcoin prints a bullish engulfing candle above this area, it could signal a good entry. However, the red candle near $112,000 warns of possible resistance and selling pressure.
The 4-hour chart shows a correction pattern within a descending channel after the $112K peak. A bounce above $109,000 may signal a reversal, but volume remains low. A break above $110,000 with volume could restart the rally. On the flip side, a drop below $108,000 with strong selling could send BTC back toward $106,000.
Short-term analysis on the 1-hour chart shows a sharp fall from $111,748 to $106,827, followed by a steady recovery. An inverse head and shoulders pattern is forming, hinting at a bullish reversal. If BTC breaks $109,500–$110,000, buyers may gain control. But if the price falls below $108,000, it could cancel the bullish pattern and bring more downside pressure.
Indicators Are Mixed
The RSI is at 66, Stochastic is at 77, and ADX is at 33, all signaling a neutral stance. The MACD and momentum indicators show bullish strength, while the CCI at 113 shows overbought conditions, pointing to a possible pullback. The Awesome oscillator remains neutral.
Moving Averages Stay Bullish
From short-term to long-term, all moving averages (EMA and SMA) are positive. The 10-period EMA is at $107,056, while the 200-period EMA is at $89,495, showing strong trend support. This bullish structure suggests that BTC may continue to rise if resistance is broken with volume.
Bullish Outlook:
If BTC breaks and holds above $110,000 with volume, the path to $112,000 or higher opens up. Strong support and rising momentum back the bullish case.
Bearish Outlook:
A break below $108,000, especially with heavy selling, could trigger a drop to $106,000 or lower. Overbought signals and resistance at $112,000 add caution to the short-term view.
