United for Profits
  • Personal Finance
  • Cryptocurrency
  • Strategy
  • Business
  • Retirement
  • Personal Finance
  • Cryptocurrency
  • Strategy
  • Business
  • Retirement
No Result
View All Result
United for Profits
No Result
View All Result
Home Cryptocurrency

Bitcoin Price Consolidates Gains — Is a Breakout Brewing in the Range?

by
May 28, 2025
in Cryptocurrency
0
Bitcoin Price Consolidates Gains — Is a Breakout Brewing in the Range?

Bitcoin price started a fresh increase above the $108,000 zone. BTC is now consolidating gains and might aim for a move above $110,750

Bitcoin started a fresh upward move above the $108,000 zone.
The price is trading above $108,000 and the 100 hourly Simple moving average.
There is a connecting bullish trend line forming with support at $108,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair could gain bullish momentum if it clears the $110,750 resistance.

Bitcoin Price Consolidates Gains

Bitcoin price found support near the $107,400 zone and recently started an upside correction. BTC traded above the $108,000 and $108,500 resistance levels.

The price even spiked above the $110,000 resistance zone. However, the bears were active near the $110,750 level. There was a downside correction and the price traded below the $110,000 level. The price dipped below the 50% Fib retracement level of the recent move from the $107,600 swing low to the $110,742 high.

Bitcoin is now trading above $108,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $108,800 on the hourly chart of the BTC/USD pair.

On the upside, immediate resistance is near the $110,000 level. The first key resistance is near the $110,750 level. The next key resistance could be $111,800. A close above the $111,800 resistance might send the price further higher. In the stated case, the price could rise and test the $113,000 resistance level. Any more gains might send the price toward the $115,000 level.

Another Drop In BTC?

If Bitcoin fails to rise above the $110,750 resistance zone, it could start another correction. Immediate support on is near the $108,500 level. The first major support is near the $108,350 level and the 76.4% Fib level of the recent move from the $107,600 swing low to the $110,742 high.

The next support is now near the $107,850 zone. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $108,500, followed by $107,500.

Major Resistance Levels – $110,000 and $110,750.

Previous Post

Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next

Next Post

Insane Bitcoin Surge Incoming? Expert’s Weekend Prediction Raises Eyebrows

Next Post
Insane Bitcoin Surge Incoming? Expert’s Weekend Prediction Raises Eyebrows

Insane Bitcoin Surge Incoming? Expert’s Weekend Prediction Raises Eyebrows

Exchange Rate

Exchange Rate USD: Tue, 3 Jun.

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions
    • Email Whitelisting

    Copyright © 2025 unitedforprofits.com All Rights Reserved.

    No Result
    View All Result
    • Personal Finance
    • Cryptocurrency
    • Strategy
    • Business
    • Retirement

    Copyright © 2025 unitedforprofits.com All Rights Reserved.