Technical analysis by ScottMelker about Symbol BTC: Buy recommendation (5/22/2025)

Bitcoin just flipped the script.After multiple days of confirmed bearish divergence on the daily RSI – one of my favorite signals – price has now decisively pushed higher, likely invalidating the setup. This is a strong reminder that no signal is right all the time, and market context always matters more than indicators in isolation.We now have a new all-time high on both a closing and intraday basis, coupled with a clear surge in volume on the breakout – a textbook bullish confirmation. Price has left the $109,358 zone behind and is holding firmly above it as of now.The structure couldn’t be cleaner. Higher lows, consistent buying pressure, and now continuation to the upside even in the face of temporary overbought conditions. This was a classic example of “bearish divergence failure” – which often leads to explosive upside as shorts get trapped.Momentum is back on Bitcoin’s side. The next resistance is undefined territory, but psychologically, the $115K and $120K levels could attract attention.Bottom line: Bitcoin is doing what strong assets do in bull trends – invalidating bearish signals and grinding higher.