Technical analysis by NavidBasatzadeh about Symbol BTC on 5/20/2025

Bitcoin is moving in the form of an ascending channel. With each time the previous high is broken in the recent upward wave, it has managed to record a new high, but each time the strength of the candles has decreased and the momentum of the candles has weakened. A negative divergence is seen on the daily and weekly time frames. Also, in the past two days, we have seen a very volatile market, but Bitcoin has not managed to record a new high. In my opinion, a correction in Bitcoin at this stage is more likely than an increase. If Bitcoin can break its previous high in the $109.800 range, it can also grow to the $121.300 range. However, given the bearish signals, there is also a possibility of a price correction to the $94.500 range, and if this range is broken, the next step is the $86.200 range, which is of course unlikely to reach this price.