Bitcoin (BTC) Price Analysis for May 25


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

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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.