Bitcoin (BTC) on the Threshold of a Critical Decision: Will it Surge or Collapse? Here’s the Technical Analysis!

Updated

May 30, 2025

Gambar Bitcoin (BTC) on the Threshold of a Critical Decision: Will it Surge or Collapse? Here’s the Technical Analysis!

Jakarta, Pintu News – Bitcoin is currently at a tipping point, with the potential for significant price movements in the near future. After reaching a new record high, the cryptocurrency is consolidating, leading to speculation about its next move.

Bitcoin (BTC) Price Consolidation Near Record Highs

In recent days, Bitcoin (BTC) has seen its price drop by 2% ahead of the release of the Federal Open Market Committee meeting minutes on May 6 and 7. This decline marks a more cautious approach from investors, who seem to be waiting for more clarity from regulators before making further investment decisions.

Bitcoin (BTC) has recorded a significant increase of 15% in the past month, reaching a new record high of $111,953. However, after reaching that peak, Bitcoin (BTC) price went sideways, with trading occurring between $106,800 and $109,700.

Also Read: 3 Latest Airdrop Tokens to Follow in Early June 2025!

Technical Analysis and Price Predictions

According to Crypto Jelle analysts, despite a small retracement, Bitcoin’s (BTC) trend of finding a new price is still “intact”. Currently, Bitcoin (BTC) is forming a symmetrical triangle pattern on the lower time frame, with the upper limit being between $109,000 and $110,000.

If Bitcoin (BTC) manages to break this upper limit, it could trigger a further 30% price increase, targeting the $140,000 to $150,000 level. However, Ali Martinez cautioned that a break below the $106,800 support could increase volatility and lower the price to the next support level around $102,700.

The Role of Exchange Traded Funds (ETFs)

Daan Crypto Trades highlights that Bitcoin (BTC)-based ETFs have seen significant inflows in recent weeks, recording the second-best performance last week. This shows strong interest from investors despite price volatility.

Large inflows into ETFs after significant price increases, while Bitcoin (BTC) price does not continue its rally, often show local peaks. Therefore, investors should pay attention to these dynamics in anticipation of potential changes in the Bitcoin (BTC) price trend.

Market Conclusions and Expectations

With Bitcoin (BTC) currently at a critical threshold, the market may experience increased volatility. Investors’ decisions to maintain or break key supports will largely determine the direction of Bitcoin (BTC) price in the short term. Close monitoring of market indicators and reactions to economic data releases will be important in determining whether Bitcoin (BTC) will continue its upward trend or experience further declines.

Also Read: 3 Cryptos Ready to Break the Global Market in June 2025 According to Analysts! Any of your favorite coins?

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*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.