#MarketPullback

Bitcoin Pullback Analysis (May 2025)

As of May 30, 2025, Bitcoin (BTC) has experienced a slight pullback, trading around $106,500 after reaching highs near $108,871 earlier in the week. Below is an analysis of the current pullback, and trader should watch out

1. Context of the Pullback

Recent Price Action: Bitcoin surged from April 2025 lows, breaking key resistance levels and reclaiming moving averages, with prices peaking around $108,871 on May 28, 2025. The current dip to $106,500 represents a modest correction of approximately 2-3% from recent highs.

Market Context: The broader crypto market has also seen a slight pullback, though assets like Ethereum and XRP remain relatively strong, suggesting BTC’s dip may be part of a broader consolidation phase rather than a significant trend reversal.

Historical Perspective: Despite the pullback, BTC has held above the $100,000 level for 20 consecutive days, a bullish sign indicating strong support at this psychological threshold.

2. Technical Analysis

Price Levels: BTC is consolidating around $106,000-$108,000, with support near $100,000 and resistance around $110,000. A break below $100,000 could target $93,500, while a push above $110,000 could signal continuation toward $120,000 or higher.

Key Indicators:

Moving Averages: BTC has reclaimed key moving averages (e.g., 50-day and 200-day), supporting a bullish long-term trend despite the short-term dip.

Relative Strength Index (RSI): Likely in the neutral to overbought zone (based on recent highs), suggesting a cooling-off period but not necessarily a bearish reversal.

Wave Analysis: Some analysts suggest the pullback could be part of a corrective wave following a completed impulse or an extended wave still in progress. Invalidation of an extended bullish wave lies around $93,500.

Trend Indicators: Bitcoin’s “cleanest trend indicator” (likely referring to moving averages or momentum indicators) remains bullish, supporting predictions of a potential run to $200,000 by year-end.

so with this information know when to trade 😁