2025-05-28 00:12:31

As of May 28, 2025, Bitcoin (BTC) is trading at approximately $108,998, reflecting a slight decrease of 0.00376% over the past 24 hours.

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📊 BTC/USDT – 1H Technical Overview

Current Price: $108,998
24h High / Low: $110,425 / $108,291

Market Structure:

BTC has recently surpassed the $110,000 mark, indicating strong bullish momentum.

The price is following a rising wedge pattern, which could suggest a potential reversal due to declining volume and overbought signals.

Key Technical Indicators:

Moving Averages: The 50-day moving average has crossed above the 200-day moving average, forming a "golden cross," which is typically a bullish signal.

Relative Strength Index (RSI): Currently in overbought territory, suggesting a possible short-term pullback.

MACD: Shows strong upward momentum, supporting the bullish trend.

Support and Resistance Levels:

Immediate Support: $107,000

Key Resistance: $110,000

Outlook: The market is exhibiting strong bullish behavior, with BTC reaching new highs. However, traders should be cautious of potential pullbacks due to overbought indicators. Monitoring support levels at $107,000 and resistance at $110,000 will be crucial for short-term trading decisions.

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