Global economic stress and trade policy uncertainties affect the cryptocurrency markets as bitcoin is cured by recent improvement.
Despite the pullback, institutional interest remains strong with strategy (earlier microstrate) and firms such as gamestops, which add BTC to their corporate treasury.
Technical analysis highlights
- The 24-hour period has shown a clear lower pattern with strong volume support emerging around $ 103,200-$ 103,400 zone, where buyers stepped continuously, according to the technical analysis data model of Coindesk Research.
- The latter recovery phase gained momentum after breaking above $ 104,000 resistance level, with the decoration of the buyer’s punishment increased.
- This technical structure suggests that the possibility of improvement is fulfilled, with the price now establishing a new support base for the potential continuity of widespread uptrends.
- In the last hour, Bitcoin performed a remarkable recovery pattern, climbing from $ 104,146 to $ 104,303, with significant speed emerging at 14:01.
- Price increased from $ 104,188 to $ 104,323 at a significant amount (429 BTC traded).
- Price action formed a clear consolidation range between $ 104,077 and $ 104,263 before the breakout, with the major supports around $ 104,080- $ 104,090.
External reference
- ,Bitcoin expands value loss – is more negative on the horizon?“, NewsBtc, published on 30 May, 2025.
- ,Trader Justin Bennett says that at the risk of bitcoin breakdown“, The Daily Hodl, was published on 30 May, 2025.
- ,Bitcoin price prediction 2025-2031: Will BTC be hit soon $ 150K?“, Cryptopolitan, published on 31 May, 2025.
