Key Takeaways:
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The RSI of Bitcoin dropped 15% and is now below the excessive threshold.
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Bitcoin futures flip bearish with 43% denial of the Perpetual CVD.
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Analysts predict Bitcoin can reach $ 150,000 as long as a major support level holds.
Bitcoin’s (Btc) The price hit fresh all-time highs of nearly $ 112,000 on May 23, getting 50% off April 1 lows. According to analysts, the BTC price “shows signs of momentum prevention” as it combines.
Bitcoin’s rally at $ 111k is a consumer fatigue
BTC’s recent running for $ 111,000 Pushed Daily Kaba -Kaba -Baby Index (RSI) in the overbought zone at 79.6. However, the “signs of momentum prevention” emerged as the RSI dropped by 15% to 67, Says Market Intelligence Firm Glassnode in its latest report, adding:
“This refusal can signal the consumer’s enthusiasm of cooling, a reduction in upward momentum and a potential pause or return to the recent bullish trend.”
Additional data from glassnode shows that while bitcoin futures Open interest (Hey) rise to all times high And funding rates have increased to BTC’s all-time highs, the eternal CVD is trending lower, indicating the “stronger sale of flow” and a more careful stance among entrepreneurs.
Related: Bitcoin stalls at $ 110k but institutional investors continue to spread to BTC
The chart below shows that the Perpetual CVD of Bitcoin has dropped significantly to -$ 608.2 million from -$ 425.4 million, marking a 43% drop.
Glassnode added:
“The continued denial of the CVD reflects the bearish sentiment, which features the dominant pressure sale in the bitcoin futures market.”
Bitcoin entrepreneurs have set BTC’s target price
Data from Cointelegraph Markets Pro and Tradingview Bitcoin trading showed at $ 109,600 on May 27. The BTC price closed above $ 106,000 in the last seven days, strengthening the importance of this level to consumers.
“Bitcoin is still holding above 106K level,” Says Analyst Alphabtc on a May 27 Post at X.
An accompanying chart showed bitcoin trading on an ascending channel at a 12-hour time, with a BTC price target of over $ 120,000.
In a post of May 22 x describing a similar technical prefunction, Alphabtc Says:
“After getting all the time, I watched how $ BTC plays the next few days. Ideally, it explodes and shows the strength to leave the breakout to be evaluated in the future.”
My capital founder Michael van de poppe Says Bitcoin is “looking for attacks” all the time high, but it can re-evaluate the $ 102,000 level before reinstating a higher $ 115,000 and more. He added:
“Let’s go.”
Using Fibonacci retracement levels, Crypto titanium predicted A cycle top of $ 135,000 for the BTC price if it repeats a pattern of 2024 in the weekly time.
#Bitcoin 100% Fibonacci Extension to $ 135,000 🎯#BTC is like the same pattern. pic.twitter.com/m18vvbaydq
– Titan of Crypto (@washigorira) May 27, 2025
Both analyst rekt capital shared His Bitcoin price of Discovery Roadmap, showing that the BTC is “shifting to the price of Discovery Uptrend 2,” as shown in the chart below.
This is the same as the BTC price action between January 2024 and March 2024, when BTC/USD rallied more than 91% in its preceding All-time highs of over $ 73,000. According to the analyst, if the same scenario is to play out, the BTC can reach the next peak of nearly $ 150,000.
As cointelegraph reportedBitcoin is looking for the next catalyst to reach the target of $ 155,000 after successfully reinstating the main level to $ 106,000.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
