Bitcoin (BTC) Technical Analysis for the Week of May 26 - June 1

#Current Price and Market Context (as of May 24, 2025):

Price: Bitcoin is trading around $103,000–$111,000, with recent consolidation near $103,000 after facing resistance at $105,000.

Market Sentiment: Bullish, with the Fear & Greed Index at 78 (Extreme Greed) and 28 technical indicators signaling buy versus 6 bearish signals.

Volatility: Bitcoin has shown increased volatility recently, with a 0.94% daily volatility estimate.

# Forecast for Next Week (May 26 - June 1, 2025)

--Bullish Scenario:

Probability: High (based on 73% bullish market sentiment and technical indicators favouring buy signals).

Price Target: $124,000–$127,000, with a potential push toward if resistance at $105,000 is decisively broken in weekly time frame

Catalysts:
Continued institutional inflows (e.g., $6.9B in U.S. spot Bitcoin ETF inflows over three weeks).

Sustained trading above key EMAs and support levels ($103,000–$106,000).

Bearish Scenario:
Probability: Moderate (due to overbought RSI and recent resistance at $105,000).

Price Target: A pullback to $100,000–$103,000, with a deeper correction possible to $95,000 if support at $103,000 fails.


-- Disclaimer --

This analysis is based on recent technical data and market sentiment from web sources and X posts. It is for informational purposes only and not financial advice. Trading involves high risks, and past performance does not guarantee future results. Always conduct your own research or consult a SEBI-registered advisor before trading.