Bitcoin Price Prediction for May 26
The post Bitcoin Price Prediction for May 26 appeared on BitcoinEthereumNews.com. The Bitcoin price today is trading around $107,700 after facing rejection near $108,800, indicating a temporary loss of bullish momentum. Despite a breakout from the $105,000–$106,500 zone earlier this week, the price action is showing signs of short-term exhaustion as indicators turn mixed. The broader structure, however, still remains within a rising channel formation, leaving the door open for a potential push higher—if key support levels hold. What’s Happening With Bitcoin’s Price? After breaking above the key resistance band near $106,000, the Bitcoin price action surged to a multi-week high around $108,800. But this sharp move has slowed, with intraday charts now reflecting a bearish divergence. On the 30-minute and 4-hour charts, BTC is consolidating inside a narrowing range, with lower highs forming under a trendline capped near $108,400. Notably, the 30-minute chart shows the price trapped between horizontal resistance and demand around $107,000. Several breakdown attempts have been absorbed, but the lower timeframe structure has now shifted slightly bearish, suggesting a possible test of support between $106,300 and $105,800 in the near term. Why Bitcoin Price Going Down Today: RSI And MACD Turn Bearish The Relative Strength Index (RSI) on the 30-minute and 4-hour charts has slid below 45, reflecting weakening buyer strength. The RSI previously rejected near 60 and is now hovering around 40.5, indicating that Bitcoin price volatility is leaning toward the downside as momentum stalls. MACD also confirms this cooling phase. The fast and signal lines are below the zero line with declining histogram bars, highlighting the weakening momentum after a brief bullish crossover failed to sustain. From a broader lens, the Ichimoku Cloud on the 30-minute chart shows Bitcoin slipping below the Tenkan and Kijun lines, with the price action now at the edge of the cloud. This suggests short-term indecision, where the bullish trend…
The post Bitcoin Price Prediction for May 26 appeared on BitcoinEthereumNews.com.
The Bitcoin price today is trading around $107,700 after facing rejection near $108,800, indicating a temporary loss of bullish momentum. Despite a breakout from the $105,000–$106,500 zone earlier this week, the price action is showing signs of short-term exhaustion as indicators turn mixed. The broader structure, however, still remains within a rising channel formation, leaving the door open for a potential push higher—if key support levels hold. What’s Happening With Bitcoin’s Price? After breaking above the key resistance band near $106,000, the Bitcoin price action surged to a multi-week high around $108,800. But this sharp move has slowed, with intraday charts now reflecting a bearish divergence. On the 30-minute and 4-hour charts, BTC is consolidating inside a narrowing range, with lower highs forming under a trendline capped near $108,400. Notably, the 30-minute chart shows the price trapped between horizontal resistance and demand around $107,000. Several breakdown attempts have been absorbed, but the lower timeframe structure has now shifted slightly bearish, suggesting a possible test of support between $106,300 and $105,800 in the near term. Why Bitcoin Price Going Down Today: RSI And MACD Turn Bearish The Relative Strength Index (RSI) on the 30-minute and 4-hour charts has slid below 45, reflecting weakening buyer strength. The RSI previously rejected near 60 and is now hovering around 40.5, indicating that Bitcoin price volatility is leaning toward the downside as momentum stalls. MACD also confirms this cooling phase. The fast and signal lines are below the zero line with declining histogram bars, highlighting the weakening momentum after a brief bullish crossover failed to sustain. From a broader lens, the Ichimoku Cloud on the 30-minute chart shows Bitcoin slipping below the Tenkan and Kijun lines, with the price action now at the edge of the cloud. This suggests short-term indecision, where the bullish trend…
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