Technical analysis by ScottMelker about Symbol BTC: Buy recommendation (5/27/2025)

Bitcoin has cleanly broken above multiple resistance levels and is holding above $109,358, showing strong bullish momentum. The golden cross between the 50 MA and 200 MA (visible in earlier charts) continues to play out as a bullish confirmation. After retesting and bouncing from the $88,804 level in late April, Bitcoin has been in a strong uptrend.Volume is slightly tapering off compared to the initial breakout, but the price action remains constructive. We’re now consolidating just above previous resistance at $109,358, which could act as support moving forward. As always, while the trend remains bullish, we’ll watch for any signs of bearish divergence or reversal patterns, though there are no immediate signs of weakness in the daily structure. The higher timeframes still suggest the trend is intact and healthy.