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BTC 1-Day Analysis – May 19, 2025
Bitcoin is currently trading around $105,928.10 (₹90,44,603), up 2.7% in the last 24 hours. Price is testing resistance near $106K and hovering close to the 100 EMA on the 1D chart.
Technicals:
Trend: Sideways with Bullish Bias
Support: $101,500
Resistance: $106,000
RSI: Neutral (48)
MACD: Slight bullish crossover
Observation:
Low volume and tightening price action suggest a breakout is nearing. A move above $106K may trigger a rally, while failure could bring a retest of $101K.
#bitcoin #CryptoObservers