News
7x24
Quotes
Economic Calendar
Video
Data
- Names
- Latest
- Prev.
A New Bullish Leg Could Unfold If Bitcoin Breaks Above Key Resistance
Cryptocurrency
Summary:
A solid move above this level would reinforce the bullish setup and increase the probability of further gains.
Buy
CLOSEDBTC-USDT
End Time
103950.0
Entry Price
108000.0
TP
100000.0
SL
104055.9 -498.3 -0.48%
17812
Points
Profit
100000.0
SL
105731.2
CLOSING
103950.0
Entry Price
108000.0
TP
During his appearance at the Consensus 2025 conference in Toronto, Eric Trump—son of former President Donald Trump—publicly voiced his support for Bitcoin, referring to it as “digital gold” and praising its role as a reliable store of value. Speaking on a well-attended panel, Trump described how his perception of cryptocurrencies has evolved over time. Although his career has traditionally revolved around real estate, he explained that recent political shifts have driven him to explore the crypto world more seriously.
On Tuesday, U.S.-listed spot Bitcoin ETFs experienced notable outflows totaling $96.14 million, with the bulk of the withdrawals coming from Fidelity’s FBTC and Hashdex’s DEFI funds, which recorded daily outflows of $22.9 million and $2.6 million, respectively, according to data from SoSoValue.
The remaining ETFs showed no activity in terms of flows, with no additional inflows or outflows. For BlackRock’s IBIT, the absence of movement ended a remarkable 20-session inflow streak during which the leading ETF had attracted over $5.2 billion.
Until May 9, Bitcoin ETFs had recorded four consecutive weeks of net inflows—setting a new record in 2025. Among them, IBIT had emerged as the top performer, even outpacing inflows into the largest gold ETF for the year.
As of Tuesday, the combined net inflows across all U.S. spot Bitcoin ETFs had reached $41 billion since their January 2024 debut. At the same time, assets under management (AUM) across these vehicles have surpassed $120 billion—a historic milestone for the industry.
Investor interest in Bitcoin ETFs is often seen as a proxy for broader market sentiment. While flows have recently stalled, macroeconomic factors are likely to remain a key influence on Bitcoin’s price direction in the near term, with other variables gradually coming into play.
JPMorgan Chase, one of the most influential global investment banks, recently suggested that Bitcoin may outperform gold in the second half of 2025. The bank attributes this to rising corporate demand and growing state-level adoption of Bitcoin as a treasury reserve asset in the U.S.
In a client note cited by The Block on Thursday, JPMorgan expressed a constructive outlook on Bitcoin (BTC), highlighting how institutional capital flows and a favorable macro backdrop are working in favor of the leading cryptocurrency.
Historically, gold has been the go-to hedge for investors during times of economic uncertainty. However, JPMorgan’s research suggests Bitcoin is rapidly emerging as a credible alternative.
Analyst Nikolaos Panigirtzoglou pointed out a notable shift in the "debasement trade"—a strategy where investors buy gold and Bitcoin to protect against the erosion of fiat currencies. While both assets benefited from this dynamic late last year, the trend has since diverged.
“From mid-February to mid-April, gold rose at Bitcoin’s expense,” Panigirtzoglou wrote. “But over the past three weeks, we’ve seen the opposite—Bitcoin has been climbing as gold gives up ground.”
Technical Analysis
Bitcoin has recently found support above the 100- and 200-period moving averages on the 1-hour chart, currently located around 103,358 and 102,798, respectively. This zone could act as a launchpad for the next bullish impulse, especially as institutional adoption appears to be reigniting upward momentum from the $93,000 level. Furthermore, the support area near $101,000 has consistently held firm, helping to fuel upward movements from this region. If the price manages to hold above this support, we could see a renewed push toward the $107,000 resistance level.
The RSI currently sits near 56, indicating neutral momentum without signs of overbought conditions. This leaves room for additional upside if the price can decisively break above the $104,000 resistance level—a barrier that has capped recent rallies. A solid move above this level would reinforce the bullish setup and increase the probability of further gains. Conversely, a decisive break below the local support zone could trigger a deeper corrective phase in the short term.
Trading Recommendations
Trading direction: Buy
Entry price: 103810
Target price: 108000
Stop loss: 99000
Validity: May 26, 2025 15:00:00
Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or strategy, or any other product is suitable for you based on your investment objectives and financial situation.
Quick Access to 7x24
Quick Access to More Editor-selected Real-time News
Exclusive video for free
FastBull project team is dedicated to create exclusive videos
Real-time Quotes
View more faster market quotes
More comprehensive macro data and economic indicators
Members have access to entire historical data, guests can only view the last 4 years
Member-only Database
Comprehensive forex, commodity, and equity market data
English
English
العربية
繁體中文
简体中文
Bahasa Melayu
Bahasa Indonesia
ภาษาไทย
Tiếng Việt
Copyright © 2025 FastBull Ltd
Home News Columns 7x24 Economic Calendar Quotes Video Data WarehouseAnalysis AI Signal Pro User Agreement Privacy Policy About Us
Risk Disclosure
The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.
Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.