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Bitcoin (BTC) Price Analysis for May 25

Wed, 05/25/2022 - 14:06
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Denys Serhiichuk
Has bearish trend finished for Bitcoin (BTC)?
Bitcoin (BTC) Price Analysis for May 25
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The market is neither bullish nor bearish today as some coins have left the correction phase, while the rates of others are going down.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has risen by 1% over the last 24 hours.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the hourly chart, Bitcoin (BTC) is trying to come back to the bullish zone. If the buying trading volume rises and the rate can return to the $30,000 mark, there are chances to see the breakout of the resistance.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

On the bigger time frame, nothing crucial has changed in terms of possible sharp moves. At the moment, one needs to pay close attention to $31,000 and the way the price approaches it. If bulls can get to this mark, the growth may continue to $32,950 shortly.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

From the mid-term point of view, Bitcoin (BTC) is trying tom return to $30,000. In addition, the selling trading volume has fallen, which means that bears are losing their initiative. If the rate can return to the mentioned mark by the end of the month, June might be bullish for the leading cryptocurrency.

Bitcoin is trading at $29,732 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.