Global economic tensions and trade policy Uncertainties continue to influence the cryptocurrency markets as Bitcoin recovers from a recent correction.
Despite the pullback, institutional interest remains strong with companies such as Strategy (formerly micro strategy) and Gamestop that adds BTC to their business treasury.
Technical analysis highlights
- The 24-hour period shows a clear soil pattern with a strong volume interunes that rises around $ 103,200- $ 103,400 zone, where buyers consistently got together, according to the technical analysis model of Coindesk Research.
- The subsequent recovery phase received a momentum after breaking above the resistance level of $ 104,000, with an increasing volume that confirms the conviction of the buyers.
- This technical structure suggests that the correction is probably complete, with the price that is now seting a new support basis for possible continuation of the wider uprising.
- In the last hour, Bitcoin demonstrated a remarkable recovery pattern, climbing from $ 104,146 to $ 104.303, with a considerable bullish momentum that came up at 2:01 pm.
- Price rose from $ 104.188 to $ 104.323 on considerably higher volume (429 BTC traded).
- The price promotion was a clear consolidation range between $ 104,077 and $ 104.263 before the outbreak, with important support that established around $ 104,080- $ 104,090.
External references
- “Bitcoin – Price extends losses – Is more disadvantage on the horizon?“, NewsBTC, published on May 30, 2025.
- “Bitcoin runs the risk of breakdown if a major level of support failed, says trader Justin Bennett – here are his goals“, The Daily Hodl, published on May 30, 2025.
- “Bitcoin price forecast 2025-2031: Will BTC hit $ 150k soon?“, Cryptopolitan, published on May 31, 2025.