Bitcoin Technical Analysis on May 30, 2025: Key Zones and Indicators

Technical analysis of Bitcoin on May 30, 2025, focusing on key resistance, support, and indicators.

On May 30, 2025, Bitcoin is trading in a critical price range, and technical analysis can provide insights into its potential direction. Currently priced around $108,000, Bitcoin is attempting to break through the key resistance level at $110,000, a level that has repeatedly capped upward moves in the past. A decisive breakout above this level could signal a continuation of the bullish trend. In the daily timeframe, Bitcoin is trading above both the 50-day moving average (around $105,000) and the 200-day moving average (around $98,000), indicating an overall bullish trend. However, recent candlesticks show long upper wicks, suggesting selling pressure near the $110,000 level. A strong breakout above this resistance with high trading volume could target $112,000 and potentially $115,000 next. Key support zones are identified at $105,000, $100,000, and $92,000. The $105,000 level is significant due to its alignment with the 50-day moving average, which could act as a buffer against further declines. The $100,000 level, a psychological and historical support, is likely to attract buyers if tested. The Relative Strength Index (RSI) on the daily chart is hovering around 50, indicating a balanced market with a slight bullish bias. It is neither in overbought (above 70) nor oversold (below 30) territory, suggesting room for upward movement. The MACD indicator has recently crossed above the signal line, hinting at bullish momentum, though the strength of this signal remains moderate. From an Ichimoku perspective, Bitcoin is trading above the Kumo cloud, a bullish signal. However, the close proximity of the Tenkan-sen and Kijun-sen lines indicates that the current trend lacks strong momentum. A sustained move above $110,000 could increase trading volume and solidify the bullish trend. In the short term, traders should monitor volume and price action around the $110,000 resistance. A breakout could trigger fresh buying interest, while a rejection might lead to a pullback toward $105,000 or even $100,000. Traders are advised to use appropriate stop-loss levels and avoid high-leverage trades in this volatile range. Overall, Bitcoin exhibits a mildly bullish outlook, but the upcoming resistance levels require stronger buying pressure to overcome. Traders should remain cautious and closely watch key indicators and price zones.