In this BTCUSD price analysis, we explore whether Bitcoin is poised to break the $100,000 barrier in May 2025. The current technical outlook, including key indicators like MA50, MA200, RSI, and MACD, signals strong bullish momentum that could push BTCUSD to new highs.
source: cTrader
The MA50 (yellow) has recently crossed above the MA200 (red), forming a classic bullish golden cross. This is a powerful indicator of a trend reversal, suggesting increasing short-term momentum. Currently, BTCUSD is trading well above both moving averages, with the MA50 acting as near-term support around $92,500. The longer-term MA200 provides additional backup near $90,000. These levels will be important to watch if price consolidates before a breakout attempt.
The Relative Strength Index (RSI) is hovering between 65 and 70, reflecting a strong bullish bias without being in extreme overbought territory. This setup often precedes further upward movement if buyers continue to dominate. However, if RSI moves above 70 and stalls while price climbs, traders should monitor for divergence signals that may hint at a short-term pullback.
The MACD (Moving Average Convergence Divergence) indicator is also aligned with the bullish case. A recent MACD line crossover above the signal line, along with increasing histogram bars, suggests strengthening momentum in favor of the bulls. This is another reason traders are eyeing a move toward and potentially above the $100,000 mark in the short term.
All key indicators in this BTCUSD price analysis point to an ongoing bullish trend. The convergence of a golden cross (MA50 > MA200), rising RSI, and bullish MACD crossover provide a solid technical foundation for further gains. Bitcoin’s next major test is the psychological resistance at $100,000. If it breaks above this level with strong volume, the path toward $105,000 or even $110,000 may open quickly. Conversely, a failure to breach this level may result in brief consolidation or a dip toward support levels.
Support levels: $92,500 and $90,000 Resistance levels: $100,000 and $105,000
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※Disclaimer: This content is provided for informational purposes only and does not constitute investment advice. Please be sure to conduct your own research.
BTCUSD price analysis shows Bitcoin gaining strength with bullish indicators. Will BTC break $100K in May 2025?
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