Technical analysis by TradeSelecter about Symbol BTC on 5/31/2025

Technical Analysis and Outlook:Bitcoin has undergone a significant decline during the current week's trading session and is presently situated at the Mean Support level of $103,000. This downward trajectory has the potential to establish a temporary pause, which may facilitate the emergence of upward momentum from this level, and it could pose a challenge to the Key Resistance level at 109500. A successful breach of this resistance may lead to the completion of the Inner Coin Rally target at $114500. However, it is crucial to acknowledge the possibility of renewed downward momentum from the current level, as this could result in a decline toward the Mean Support of 99000.