Key Takeaways:
- Bitcoin trades at $108,972 with $33.16B 24-hour volume
- Market cap holds steady at $2.16 trillion
- Technical indicators maintain bullish bias despite cooling momentum
Bitcoin’s price action showed signs of cooling on May 28, 2025, as the leading cryptocurrency traded within a tight range between $108,568 and $110,407. This consolidation phase comes after Bitcoin’s recent test of key support at $108K, suggesting a period of price discovery before the next major move.
The flagship cryptocurrency maintained its position above the crucial $108,000 support level, demonstrating resilience despite decreased momentum. The current market structure aligns with recent analysis showing potential for a rally toward $130,000 based on golden ratio projections.
Technical Analysis
Moving averages on multiple timeframes continue to signal bullish momentum:
- 20-day EMA: Strong support at $107,250
- 50-day MA: Upward slope maintains bullish trend
- 200-day MA: Long-term uptrend intact at $95,680
Market Sentiment
Trading volume has seen a slight decrease, with the 24-hour figure settling at $33.16 billion. This cooling period follows significant institutional activity, including recent ETF inflows of $420 million.
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FAQ
Q: What’s causing Bitcoin’s current price consolidation?
A: The market is digesting recent gains and institutional inflows while maintaining key support levels.
Q: Could Bitcoin still reach $115K in the near term?
A: Technical indicators and moving averages suggest continued bullish momentum despite temporary cooling.
Q: What key levels should traders watch?
A: Primary support remains at $108,000, with resistance at $110,400.