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Bitcoin witnesses fluctuated trading -Analysis-23-05-2025
The (BTCUSD) price witnessed fluctuated trading in its last intraday trading, attempting to gain the required positive momentum to resume its bullish track and begin a new rising wave.
This comes with the price attempt to offload some of its clear overbought conditions on the (RSI), especially, with the beginning of the negative signals appearance on the (RSI), and the main bullish trend remains the dominant on the price trading on the short-term basis, and its trading alongside a minor supportive bias line.
Therefore, our expectations suggest more of the upside movements in (BTCUSD) prices in the upcoming intraday trading, if it remains stable above $110.000, targeting its next resistance at $114,000.
The expected trading range is between $108,000 support and $114,000 resistance.
Today’s forecast: Bullish
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