An Analysis of the Bitcoin Market Trend for May.
In May 2025, the $Bitcoin(BTC.USD.CC)$ market performed strongly, showing an overall upward trend. The following is an analysis of the BTC market trend for that month:
Price trend
Early to mid-term: On May 6, the BTC price was about $94,144, down 0.32% from the previous trading day. As of May 16, the BTC price fluctuated between $103,000 and $105,000.
Mid-term to late-term: On May 21, the BTC price broke through $107,000, close to its historical high. On May 23, BTC was trading at about $112,546, hit all time high.
Factors driving the rise
ETF inflows: On May 21, Fidelity and Ark Funds' Bitcoin ETFs attracted a large amount of inflows, reaching $343 million on Monday alone, the best trading day since May 2.
US policy support: In March 2025, US President Trump signed an executive order to establish a strategic Bitcoin reserve, aiming to use Bitcoin as a national reserve asset.
Technical indicators are bullish: According to the AI model prediction, the BTC price may reach between $102,000 and $115,000 by the end of May. On May 28, the Bitcoin RSI indicator remained around 61 on the 4-hour chart, showing a neutral to strong state; the MACD indicator continued to run above the zero axis, and the column volume remained positive, indicating that short-term momentum is still good.
Technical analysis
Support and resistance: On May 21, the BTC price was around $107,000, with support levels of $94,545, $92,265, and $91,094; resistance levels were $97,996, $99,167, and $101,447. On May 28, the resistance level was $111,500 (upper Bollinger Band) and $112,500 (historical high); the support level was $109,000 (recent shock bottom) and $108,200 (lower Bollinger Band).
Future trend forecast
Institutional forecast: CoinCodex predicts that the BTC price will reach $121,243 on May 12. Bitwise Asset Management expects the BTC price to reach $200,000 in 2025, benefiting from institutional investment and supply tightening.
Long-term outlook: Many institutions are optimistic about the future price of BTC and believe that it may continue to maintain a strong upward momentum in the second half of 2025.
Summary
In May 2025, the BTC market performed strongly, with prices breaking through $107,000, close to the historical high. ETF inflows, US policy support and positive signals from technical indicators have jointly driven the rise of BTC. Although there may be fluctuations in the short term, the long-term outlook remains optimistic. Investors should pay close attention to market trends, allocate assets rationally, and seize investment opportunities in the crypto market.
The top 10 companies holding the most Bitcoin: $MicroStrategy(MSTR)$ $Marathon Digital Holdings Inc(MARA)$ $Cantor Equity Partners Inc(CEP)$ $Riot Platforms(RIOT)$ $Tesla Motors(TSLA)$ $Hut 8 Mining Corp(HUT)$ $Coinbase Global, Inc.(COIN)$, $CleanSpark, Inc.(CLSK)$ $Block(SQ)$ worth look at.
🌟🚀Related bitcoin assets: $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $Block(SQ)$ $Hut 8 Mining Corp(HUT)$ $MicroStrategy(MSTR)$ $CME Bitcoin - main 2405(BTCmain)$ $Invesco Galaxy Bitcoin ETF(BTCO)$ $BIT Mining(BTCM)$ $WisdomTree Bitcoin Fund(BTCW)$ $Grayscale Bitcoin Trust(GBTC)$ $Fidelity Wise Origin Bitcoin Fund(FBTC)$ $iShares Bitcoin Trust(IBIT)$ $ARK 21Shares Bitcoin ETF(ARKB)$
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