en
Back to the list

Bitcoin (BTC) Price Analysis for May 25

source-logo  u.today 25 May 2023 17:56, UTC
image

Neither bulls nor bears are dominating today, according to the CoinMarketCap ranking.

Top 10 coins by CoinMarketCap

Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has increased by 0.34% over the last 24 hours.

Image by TradingView

Image by TradingView

On the hourly chart, the price of Bitcoin (BTC) has set the local support at $25,878. At the moment, the rate is trading near the resistance at $26,471. If the closure happens near it, the rise may continue to the $26,600-$26,800 zone.

<span class=BTC/USD chart by TradingView" src="https://cnews24.ru/uploads/2a3/2a31abede6052fae87f53d53aa8c419d58c9f17b.png" size="2686x1310">

Image by TradingView

On the bigger chart, the rate of BTC has almost tested the support level at $25,800. At the moment, one should pay attention to the important mark of $26,000.

If sellers keep their pressure on, the energy might be enough for a sharp drop to the $25,000 area.

<span class=BTC/USD chart by TradingView" src="https://cnews24.ru/uploads/22c/22c91f8d2163a3fce9f37b6e5e9ca771589acf13.png" size="2686x1310">

Image by TradingView

From the midterm point of view, the price of BTC has once again failed to fix above the $27,000 zone. If the bar closure occurs below the $26,374 mark, the fall may continue to the $24,000-$25,000 area soon.

Bitcoin is trading at $26,378 at press time.

u.today