Bitcoin (BTC) Price Analysis for May 25

Nei­ther bulls nor bears are dom­i­nat­ing today, accord­ing to the Coin­Mar­ket­Cap rank­ing.

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BTC/USD

The rate of Bit­coin (BTC) has increased by 0.34% over the last 24 hours.

Image by Trad­ingView

On the hourly chart, the price of Bit­coin (BTC) has set the local sup­port at $25,878. At the moment, the rate is trad­ing near the resis­tance at $26,471. If the clo­sure hap­pens near it, the rise may con­tin­ue to the $26,600-$26,800 zone.

Image by Trad­ingView

On the big­ger chart, the rate of BTC has almost test­ed the sup­port lev­el at $25,800. At the moment, one should pay atten­tion to the impor­tant mark of $26,000.

If sell­ers keep their pres­sure on, the ener­gy might be enough for a sharp drop to the $25,000 area.

Image by Trad­ingView

From the midterm point of view, the price of BTC has once again failed to fix above the $27,000 zone. If the bar clo­sure occurs below the $26,374 mark, the fall may con­tin­ue to the $24,000-$25,000 area soon.

Bit­coin is trad­ing at $26,378 at press time.