At 9 a.m. ET on May 22, 2025, Bitcoin traded at $111,406, brushing against its all-time high of $111,888, with the total market capitalization reaching $2.21 trillion. The market displayed broad bullish momentum across hourly, 4-hour, and daily chart structures, though certain short-term indicators warrant caution.
Multi-Timeframe Technical Analysis: Bullish Bias Prevails
On the 1-hour chart, Bitcoin maintained a series of higher lows despite choppy structure, peaking at $111,888 before encountering intraday resistance. Volume on recent hourly candles has declined, suggesting short-term momentum may be softening. Bearish red candles post-peak reinforce the view of a temporary ceiling near that level. Scalpers are eyeing entries near $110,000 with tight stop-losses below $109,800, while a failure to reclaim $111,800 on weak volume could prompt short positions. Profit-taking zones are identified between $111,800 and $112,500.
The 4-hour chart confirms an uptrend following a successful breakout above the $108,000 resistance. The subsequent pullback to the $107,500–$108,500 range held firm and resulted in a bounce, underpinned by a healthy volume spike on the breakout and low-volume retrace—often indicative of sustained bullish interest. Entry levels are targeted around $109,000 to $110,000 for potential continuation. Traders should watch for early signs of bearish divergence or candlestick reversal formations near resistance levels.
The daily chart further validates the bullish trend, with Bitcoin forming consistent higher highs and higher lows. Recent price action has been characterized by strong green candles emerging from consolidation. The intraday high at $111,888 may serve as psychological resistance. A strategic buying opportunity could emerge if price retraces to the $105,000–$107,000 range, particularly if supported by a bullish engulfing or hammer pattern. Exit targets are placed just above the historical high, in the $111,888 to $113,000 band, though traders are advised to trail stops to capture extended moves.
Indicators and Sentiment
Momentum indicators broadly align with bullish sentiment. The momentum oscillator signals a bullish reading, while the MACD reflects positive crossover dynamics. All tracked moving averages (including short-, mid-, and long-term EMAs and SMAs) are issuing optimistic signals. Notably, the 10-day EMA and SMA values at $106,369 and $105,839 respectively suggest strong support just below the current price, reinforcing the uptrend.
Despite elevated values in key oscillators such as the Relative Strength Index (RSI) at 78 and Stochastic at 95—both indicating overbought conditions—their neutral rating implies that the asset is extended but has not yet triggered reversal alarms. This combination of rising support levels, constructive volume behavior, and bullish indicator alignment underscores a market leaning toward continuation rather than immediate correction. Nonetheless, vigilance is required near resistance highs, particularly if volume fails to confirm upward thrusts.
Bull and Bear Verdicts
Bull Verdict: Bitcoin’s alignment of higher lows, consistent support from all major moving averages, and bullish confirmation from momentum indicators such as the MACD support a continuation of the uptrend. The successful breakout retests on lower timeframes and volume dynamics further reinforce the bullish structure. A sustained move above the psychological barrier of $111,888 could signal a new phase of price discovery.
Bear Verdict: While the broader trend remains bullish, caution is warranted as several oscillators (RSI and Stochastic) hover near overbought levels with neutral action. Declining volume on shorter timeframes and rejection at $111,888 indicate potential exhaustion. Failure to reclaim this high on strengthening volume could result in a short-term pullback toward support levels around $107,000 or lower.