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Technical analysis by Orriginal about Symbol BTC on 5/25/2025

https://sahmeto.com/message/3546204
Orriginal
Orriginal
Rank: 496
3.1
،Technical،Orriginal

BITCOIN still in that target circle, first posted in Feb 2025, and I expect to remain here till early June.This daily chart shows us where exactly we sit in the circle.https://www.tradingview.com/x/HkWn7R1t/There are a number of reasons why we may remain here a little longer but one thing to always look at is the MACD.The Weekly is still rising Bullish with room to move higherThe Daily is choppy and currently just fallen below its Signal linehttps://www.tradingview.com/x/fXJU6XxK/We need to watch this area as between the MACD and its Histogram, we could see a Strong Bearish DivergenceThe shorter term 4 hour shows how support in approachinghttps://www.tradingview.com/x/J80iBmPP/The habit has been for MACD to bounce off Neutral line but if we look at that Histogram, we can see the volatility there and so this could point to a weaker reaction in the near future.In conclusion, the potential for a drop lower exists but the lower time frame MACD can also show us that some support is available maybeLines of support for BTC PA suggest a Low of around 105K should curent support fail.Bitcoin Dominance (BTC.D) is currently rising again while the others are dropping.If BTC PA Drops while this is rising, ALTS will Bleed heavyContinued Range is the likely option till we reach June and then, Mid June, 18th, we have the FED Rate decision. This could trigger renewed reaction.We have reentered a zone of upmost CAUTION till we get some stronger momentum signals

Translated from: English
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Signal Type: Neutral
Time Frame:
1 week
Price at Publish Time:
$107,554.6
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