Global economic tensions and trade policy uncertainties continue to affect cryptocurrency markets as Bitcoin recurs from a recent correction.
Despite the withdrawal, the institutional interest remains strong in companies such as strategy (formerly Microstratey) and Gamestop adding BTC to their corporate chains.
Technical analysis highlights
- The 24-hour period shows a clear bottom pattern with strong volume support that occurs around $ 103,200- $ 103,400 zone where buyers consistently entered, according to Coindesk Research’s technical analysis data model.
- The subsequent restore phase gained momentum after breaking over the $ 104,000 resistance level, with increasing volume confirming the buyer overwriting.
- This technical structure suggests that the correction is likely to be completed, with the price that is now establishing a new support base for potential continuation of the wider Uptrend.
- In the last hour, Bitcoin demonstrated a remarkable recovery pattern that climbed from $ 104,146 to $ 104,303, with a significant Bullish Momentum appeared at 14:01.
- Price rose from $ 104,188 to $ 104,323 at essentially higher volume (429 BTC traded).
- Price action formed a clear consolidation area between $ 104,077 and $ 104,263 before breakout, with key support established around $ 104,080- $ 104,090.
External references
- “Bitcoin Price expands loss – is more disadvantage of the horizon?”, NewsBTC, published 30 May 2025.
- “Bitcoin at risk of collapse, if the big support level fails, says Trader Justin Bennett – here’s his goal,” The Daily Hodl, published 30 May 2025.
- “Bitcoin Price Prediction 2025-2031: Will BTC soon hit $ 150,000?”, Cryptopolitan, published 31 May 2025.
