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

Bitcoin (BTC/USD) remains in an aggressive uptrend but is showing early signs of hesitation near a major resistance level:Trendline Intact (for now): Price is still riding an ascending trendline, but today's bearish candle hints at momentum cooling.Resistance at 108,500: This level has capped multiple rallies; rejection here could signal a short-term top.MACD Losing Momentum: Though still above zero, MACD histogram is flattening, hinting at a possible fade in bullish momentum.RSI Near Overbought: RSI is hovering just under 70, not yet divergent but worth monitoring for reversal signals.Watch for Break or Bounce: A close below the rising trendline (~103,500) could trigger a deeper pullback toward the 50-day SMA near 90,000. Conversely, a breakout above 108,500 could unlock fresh upside toward prior highs.Price action in the next 2–3 days will be crucial to determine whether bulls maintain control or profit-taking accelerates.-MW