🔥 Poll: Can BTC Break Its ATH This Week?
ATH Recap: Bitcoin hit its ATH of $109,702.5 on Jan 20, 2025, followed by a consolidation phase.
Recent Trends: With easing geopolitical tensions, sustained institutional inflows, and improving market sentiment, BTC has shown strong upward momentum.
This Week’s Key Question: The market looks bullish, but the ATH remains a major resistance level.
🗳️ Share your take—let’s see where the market goes!
#BTC#
As of now (May 19, 2025, 19:51 CEST), I can share with you some current information about the status of Bitcoin (BTC):
Current Price:
* US Dollar (USD : Around 105,450 USD
Market Analysis and General Situation:
* Weekly Performance: Showing a slight increase compared to the previous week.
* Monthly Performance: It has recorded a significant increase in the last month.
* Technical Analysis: It is stated that it is in an uptrend in the short term. There are resistance points at 104,000 USD and 105,500 USD. The RSI (Relative Strength Index) is moving at high levels, which may indicate an overbought situation in the short term.
* Market Sentiment: Investors are generally optimistic.
* ETF Inflows: Although inflows to Bitcoin spot ETFs have decreased in the last week, institutional demand continues in general.
* Dominance: Bitcoin's market dominance is still at high levels (around 63%).
Important Notes:
* It is stated that there may be minor pullbacks in the short term, but the general upward trend is expected to continue.
* Closings above €103,875 are interpreted as a signal that the correction movement has ended and that an increase may begin again.
* In upward movements, €105,860 - €107,100 - €108,330 levels are followed as resistance.
In summary:
Bitcoin is currently trading in the range of $103,000 - $105,000 (approximately €93,755) and continues its upward trend in the short term. The positive outlook is also maintained in the medium and long term. However, it is important to do your own research and consider the risks before investing.
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