The uncertainties of global economic tensions and commercial policy continue to influence cryptocurrency markets as Bitcoin recovers from recent correction.
Despite the setback, the institutional interest remains strong with companies such as the strategy (previously Microstrategy) and Gamestop adding BTC to its corporate treasures.
TECHNICAL ANALYSIS
- The 24-hour period shows a clear background pattern with a strong volume support that arises around the $ 103,200- $ 103,400 zone, where buyers constantly intervened, according to the Coindensk Research technical analysis data model.
- The subsequent recovery phase gained momentum after breaking above the resistance level of $ 104,000, with an increase in volume confirming the buyer’s conviction.
- This technical structure suggests that correction has probably been completed, and the price now establishes a new support base for the continuous potential of the broader upward trend.
- In the last minute, Bitcoin demonstrated a remarkable recovery pattern, rising from $ 104,146 to $ 104,303, with a significant upward impulse that emerges at 14:01.
- The price increased from $ 104,188 to $ 104,323 in a substantially higher volume (429 BTC negotiated).
- The price action formed a clear consolidation range between $ 104,077 and $ 104,263 before rupture, with a key support established around $ 104,080- $ 104,090.
External references
- “The price of Bitcoin extends losses: is it more inconvenient in the horizon?”, Newsbtc, published on May 30, 2025.
- “Bitcoin at risk of breakdown if the important level of support fails, says merchant Justin Bennett, here are his goals,” The Daily Hodl, published on May 30, 2025.
- “Bitcoin price prediction 2025-2031: BTC will reach $ 150k soon?”, Cryptopolitan, published on May 31, 2025.
