Technical analysis by FOREXcom about Symbol BTC on 5/27/2025

Bitcoin (BTC/USD) has officially broken above the psychologically and technically significant 108,500 zone, confirming bullish continuation:Trendline Support Holds: The rising trendline from March remains intact and continues to guide the advance.Breakout Confirmation: Price is now comfortably above previous resistance at 108,500, turning it into new support.Momentum Strong: MACD remains firmly in bullish territory, while RSI is pushing into overbought levels—suggesting strong upside but warranting caution.Next Resistance: Little stands in the way until 115,000 and potentially 120,000 if momentum persists.Watch for Retest: Short-term consolidation or a retest of the 108,500 zone could provide a healthier base for further gains.Bitcoin remains in bulls' control unless we see a decisive drop back below trendline support.-MW