Technical analysis by InvestingScope about Symbol BTC: Buy recommendation (5/30/2025)

Bitcoin has turned neutral on its 1D technical outlook (RSI = 51.351, MACD = 2908.600, ADX = 27.535) which is far from alarming as during Bull Cycle rallies such pullbacks are buy opportunities. Especially now that the price is even supported by the 1D MA50, which having cross above the 1D MA200 last week, they formed a Golden Cross. The pattern is identical to the last 1D Golden Cross, steady rally phases supported by HL trendlines that rose by roughly the same percentage. Their 1D RSI sequences also display similar formations. For that reason, we remain bullish on Bitcoin despite the current correction, targeting short term 119,000.## If you like our free content follow our profile to get more daily ideas. #### Comments and likes are greatly appreciated. ##