Bitcoin shows signs of 'easing momentum' but traders still expect $150K

1 week ago

Key takeaways:

Bitcoin’s RSI has dropped 15% and is present beneath the overbought threshold.
Bitcoin futures flip bearish with a 43% diminution successful perpetual CVD.
Analysts foretell Bitcoin could scope $150,000 arsenic agelong arsenic a cardinal enactment level holds.

Bitcoin’s (BTC) terms deed caller all-time highs of astir $112,000 connected May 23, gaining 50% from its April 1 lows. According to analysts, BTC terms is present “showing signs of easing momentum” arsenic it consolidates.

Bitcoin’s rally to $111K triggered purchaser fatigue

BTC’s caller tally to $111,000 pushed the daily comparative spot index (RSI) into the overbought portion astatine 79.6. However, “signs of easing momentum” person emerged arsenic the RSI dropped by 15% to 67, said marketplace quality steadfast Glassnode successful its latest report, adding:

“This diminution whitethorn awesome cooling purchaser enthusiasm, simplification successful upward momentum and a imaginable intermission oregon reversal successful the caller bullish trend.”

Additional information from Glassnode shows that portion the Bitcoin futures open interest (OI) rose to all-time highs and backing rates accrued with BTC’s all-time highs, the perpetual CVD trended lower, hinting astatine “stronger sell-side flows” and a much cautious stance among traders.

The illustration beneath shows that Bitcoin’s perpetual CVD has dropped importantly to -$608.2 cardinal from -$425.4 million, marking a 43% decrease.

Glassnode added:

“The persistent diminution successful CVD reflects bearish sentiment, highlighting ascendant sell-side unit successful Bitcoin’s futures market.”

Bitcoin traders acceptable $150,000 BTC terms target

Data from Cointelegraph Markets Pro and TradingView showed Bitcoin trading astatine $109,600 connected May 27. BTC terms has closed supra $106,000 implicit the past 7 days, reinforcing the value of this level to buyers.

“Bitcoin is inactive holding supra the 106K level,” said fashionable expert AlphaBTC successful a May 27 station connected X.

An accompanying illustration showed Bitcoin trading successful an ascending transmission successful the 12-hour timeframe, with a BTC terms people supra $120,000.

In a May 22 X station depicting a akin method setup, AlphaBTC said:

“After taking the all-time high, I americium watching however $BTC performs implicit the adjacent mates of days. Ideally, it blasts up and shows spot to permission the breakout to beryllium tested successful the future.”

MN Capital laminitis Michael van de Poppe said that Bitcoin is “looking to attack” all-time highs, but it could retest the $102,000 level earlier relaunching higher toward $115,000 and beyond. He added:

“Up we go.”

Using Fibonacci retracement levels, Titan of Crypto predicted a rhythm apical of $135,000 for BTC terms if it repeated a 2024 signifier successful the play timeframe.

#Bitcoin 100% Fibonacci Extension astatine $135,000 🎯#BTC is replicating the aforesaid pattern. pic.twitter.com/m18vvBaYDQ

— Titan of Crypto (@Washigorira) May 27, 2025

Fellow expert Rekt Capital shared his Bitcoin terms find roadmap, showing that BTC was “transitioning into Price Discovery Uptrend 2,” arsenic shown successful the illustration below.

This is akin to BTC’s terms enactment betwixt January 2024 and March 2024, erstwhile BTC/USD rallied much than 91% to its erstwhile all-time highs supra $73,000. According to the analyst, if the aforesaid script were to play out, BTC could scope its adjacent highest of astir $150,000.

As Cointelegraph reported, Bitcoin is looking for its adjacent catalyst to scope the people of $155,000 aft successfully retesting the cardinal level astatine $106,000.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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