Track Bitcoin Price: Can BTC Maintain This Rise or Is a Pullback Coming?

On May 24, 2025, bitcoin ( BTC ) is fluctuating at a level of $109,273, reflecting a significant valuation in a lively trading session. With a market capitalization of $2.17 trillion and a 24-hour trading volume of $46.66 billion, the price fluctuates between a daily low of $107,156 and a high of $109,840. On the daily chart, bitcoin (BTC) is in an uptrend, despite the recent pullback from the local high of 112,000 dollars. The support zone near 98,000 - 100,000 dollars remains very important, supported by historical demand at the beginning of the month. The resistance level is clearly defined at 112,000 dollars, a level where significant selling pressure has emerged. While the previous green candle in the rally was supported by volume, the red candle at the top indicates caution. If Bitcoin holds above the range of $106,000 - $107,000 and creates a bullish engulfing candle, traders may consider this as an entry point for strategy, while exhaustion signals near $112,000 will ensure an exit.

The 4-hour chart presents a story of local correction, tracking a descending channel after peaking at $112,000. The recovery above $109,000 signals potential reversal, although with decreasing trading volume following a previous panic sell-off. The technical pattern suggests a bullish breakout if bitcoin closes above $110,000 with confirmation through trading volume. Conversely, a drop below the threshold of $108,000 with significantly reduced trading volume could signal a return to $106,000, bringing caution back to the market.

Short-term price action on the 1-hour chart shows a rapid decline from $111,748 to $106,827, followed by a gradual recovery. A newly emerging inverted head and shoulders pattern, characterized by the formation of the right shoulder, supports a bullish outlook in the short term. The confirmation breakout lies between $109,500 and $110,000. If bitcoin declines and closes below $108,000 with notable selling activity, this will invalidate the reversal premise and indicate new bearish momentum.

The mixed oscillators indicate that the market is in a state of equilibrium. The Relative Strength Index (RSI) is at 66, the Stochastic is at 77, and the Average Directional Index (ADX) is at 33, all signaling neutrality. However, the Momentum Oscillator is at 5.747 and the Moving Average Convergence Divergence (MACD) is at 4.016, indicating a bullish trend, while the Commodity Channel Index (CCI) is at 113 flashing a sell signal, implying overbought conditions. The Awesome Oscillator confirms a broader neutral sentiment. The moving averages paint a picture of a strong bullish trend. All short-term to long-term exponential moving averages (EMA) and simple moving averages (SMA)—ranging from the 10-period EMA at $107,056 to the 200-period EMA at $89,495—are signaling positive conditions. This correlation indicates that despite short-term pullbacks, the overall trend remains upward. The convergence of bullish signals across multiple time frames reinforces investor confidence and positions bitcoin for further gains if key resistance levels are broken with strong confirmation. Bull's opinion The price action of Bitcoin is still supported by strong technical support and consistent buy signals across all major moving averages. If it surpasses the $110,000 level with confirmed volume, this phase will be set to further strengthen and potentially break the resistance level of $112,000. The overall trend is bullish and momentum indicators suggest a continued rise. Bear's opinion Although the bullish structure is prevailing, caution is still needed. Failing to maintain support above $108,000, especially with increasing sell volume, could lead to a deeper retracement to $106,000 or lower. Mixed oscillation signals and the overhead resistance at $112,000 reinforce the risk of exhaustion and reversal in the short term.