Bitcoin (BTC) is getting ready to break a new record high, check out the analysis!

Updated

May 22, 2025

Gambar Bitcoin (BTC) is getting ready to break a new record high, check out the analysis!

Jakarta, Pintu News – Bitcoin is back in the game by starting its climb from the $103,200 support zone. The crypto managed to break the $105,000 resistance and is now moving steadily above $106,000. With the support from buyers, Bitcoin (BTC) seems to be building a solid foundation for a potential further surge that might reach new record highs.

Bitcoin (BTC) Price Increase

After moving up from the $103,200 support, Bitcoin (BTC) managed to break the $105,000 and $106,500 resistance zones. This rise was driven by strong buying that took the price past $107,000.

Despite a slight decline, Bitcoin (BTC) is now consolidating and has the potential to continue its rise towards $110,000 if it is able to break the key resistance at $107,500. Bitcoin (BTC) is currently trading above the 100-hour simple moving average, indicating a positive trend in the market. Technical indicators such as MACD and RSI also support a bullish view, with RSI being above the 50 level.

Bitcoin (BTC) Price Drop Potential

Although the outlook for price increases is quite strong, there is a possibility that Bitcoin (BTC) will experience a correction if it fails to break the $107,000 resistance zone. Immediate support is at $106,250, with the next major support at $105,400. In case of further decline, the price could reach the $104,250 zone and may even drop to the critical support at $103,500. A drop below $102,500 could trigger stronger bearish momentum in the market. Therefore, it is important for investors to monitor this support level as a key indicator for potential trend changes.

Technical Analysis by Aayush Jindal

Aayush Jindal, with over 15 years of experience in the financial markets, especially in Forex and cryptocurrency trading, provides in-depth technical analysis. His expertise in reading charts and market trends has made him a trusted resource for investors around the world. In the context of Bitcoin (BTC), Jindal’s analysis is often an important reference in making investment decisions.

Utilizing technical indicators such as MACD and RSI, Jindal assesses that the current trend is likely to be positive, but cautions against the potential risk of a correction. His cautious and measured approach often helps investors in anticipating market movements.

Conclusion

With market conditions constantly changing, Bitcoin (BTC) shows potential to reach new price records. However, it is important for investors to stay alert to price movements and use technical analysis as a tool to make informed investment decisions. The next rise or fall will largely depend on Bitcoin’s (BTC) ability to break or hold above key resistance and support levels.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.