empty
26.05.2025 03:16 PM
Bitcoin hesitates whether to pull back to $100,000 or climb to $115,000

This image is no longer relevant

The world's first cryptocurrency finds itself in limbo. After a recent rally, it pulled back and then settled. At the moment, Bitcoin is at a crossroads, with market participants closely watching to see which direction BTC will take.

Last week, Bitcoin derivatives markets saw high trading volumes, unlike spot markets. However, this situation may soon change, potentially sending the leading cryptocurrency down to $100,000 or lower.

On Thursday, May 22, Bitcoin reached a dizzying high of $111,980 but was unable to sustain the record. Open interest (OI) rose significantly, and capital inflows into the derivatives market indicated a bullish sentiment.

BTC eyes new highs. Will the next rally follow?

Early this week, Bitcoin once again climbed and set a new all-time high, crossing the $111,600 mark before consolidating. Experts speculated that BTC might soon attempt another breakout past $111,000 and move higher.

Bitcoin began its climb from the $106,800 zone, later trading above $108,500 and the 100-hour simple moving average. The BTC/USD pair broke above a key bearish trendline with resistance at $107,800. According to analysts, the crypto asset may gain bullish momentum if it breaks above the $110,000 resistance level.

Bitcoin rises but fails to hold the line

After reaching a new record of $110,000, Bitcoin began a downward correction. BTC then tested support around $106,700 before rebounding. The asset moved above the $107,000 and $108,000 resistance levels.

At the start of the week, bulls pushed BTC above the 23.6% Fibonacci retracement level of the recent drop from the $111,983 high to the $106,672 low.

On Monday, May 26, Bitcoin was trading at $109,838 — above the previous $109,000 level and the 100-hour SMA. The current resistance sits around $110,000, which coincides with the 61.8% Fibonacci retracement of the same decline. The next key resistance could be around $111,800, and a close above that level might lead to further gains.

If that happens, BTC could test $113,000, and further bullish momentum could drive the price toward a new peak — $115,000.

This image is no longer relevant

Short-term pullback still a risk

Despite BTC's positive momentum, traders shouldn't overlook the possibility of a short-term pullback. One early warning sign is the decline in spot market demand.

Experts point out that the lack of spot demand suggests investors were hesitant to buy BTC above the $94,000–$96,000 range. The recent rally in derivatives markets has also added confusion. Analysts warn that deteriorating market conditions could lead to increased volatility and deeper corrections for BTC.

Bitcoin's performance remains unstable. Its recovery to $77,500 in March and further rise triggered short squeeze liquidations at $99,600, $108,000, and $113,000 — the first two levels have already been breached. The decline in spot demand confirms that while a market reset is possible, a rise to $113,000 is unlikely in the short term.

If BTC fails to break above the $111,000 resistance level, a new correction could begin. The nearest support lies near $108,000. The next level is seen at $106,500. Further losses may push BTC down to $105,000 and deepen the pullback. The key support now sits at $103,200. A break below it could trigger stronger bearish momentum.

Larisa Kolesnikova,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
l Kolesnikova
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Markets on edge: Trump targets EU, inflation and China data in focus

Wall Street and European equity indices opened the week in the red, following losses across Asian markets on Monday. Investors are reacting to the latest bout of trade war rhetoric

14:48 2025-07-14 UTC+2

US Market News Digest for July 14

Donald Trump announced 30% tariffs on goods from the EU and Mexico. The initial market reaction was negative, but the S&P 500 partially rebounded thanks to gains in large-cap stocks

Ekaterina Kiseleva 14:36 2025-07-14 UTC+2

Markets on edge: Trump vs. EU, inflation and China data ahead

Wall Street futures and European shares dipped during Monday's Asian session as investors responded to renewed tariff threats from the United States. Despite the aggressive tone, many still believe President

Thomas Frank 10:40 2025-07-14 UTC+2

Stock Boom: Nvidia Crosses $4 Trillion, Bitcoin Not Lagging Behind, Dow and S&P Rising

Indices Rising: Dow Jones Up 0.43%, S&P 500 Up 0.27%, Nasdaq Up 0.09% Nvdia Ends Trading with Historical Valuation, Exceeding $4 Trillion Delta Positive Outlook Stimulates Aviation and Transport Sectors

Thomas Frank 08:37 2025-07-11 UTC+2

Nvidia Makes History: Market Rising, Company Capitalization Breaks $4 Trillion Ceiling

Indices Up: Dow Jones — 0.49%, S&P 500 — 0.61%, Nasdaq — 0.95% Nvidia Is the First Company to Reach $4 Trillion in Market Value AES Jumps on Sale Attempts

Thomas Frank 10:46 2025-07-10 UTC+2

US Market News Digest for July 9

US stock indices closed the session with modest moves: the S&P 500 edged slightly lower, the Nasdaq 100 posted a mild gain, and the Dow Jones slipped into negative territory

Ekaterina Kiseleva 14:03 2025-07-09 UTC+2

Trump Back in Action: 50% Copper Tariff, More Blows to China, EU

Trump Announces 50% Copper Tariff Announces New Tariffs on Semiconductors, Pharmaceuticals President Trump Says Talks with EU, China Are Making Progress Japan, South Korea Work Hard to Minimize Tariff Damage

Thomas Frank 09:49 2025-07-09 UTC+2

US Market News Digest for July 8

The US stock market shows restrained momentum amid uncertainty over Donald Trump's potential return to high tariffs. Although the US president has expressed a willingness to negotiate, market participants

Ekaterina Kiseleva 12:08 2025-07-08 UTC+2

Trade storm over Asia: Japan, Korea face 25% tariff hit

Japan, South Korea face 25% tariffs by Aug. 1 Australian dollar rises as RBA keeps rates on hold The pan-European STOXX 600 index (.STOXX) was unchanged at 543.22

Thomas Frank 10:52 2025-07-08 UTC+2

Canceled deals, fresh letters – marching toward trade chaos? Trader's calendar for June 7-9

Symbolically, it was on July 4, Independence Day, that Donald Trump signed what he himself called the "Big Beautiful Bill," which, according to the White House, will "fulfill campaign promises."

Svetlana Radchenko 14:07 2025-07-07 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.