List of Flash News about BTC $109,500
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2025-05-31 09:00 |
Bitcoin Price Analysis: BTC Fails to Close Above Key Resistance, Bears Regain Control – Trading Outlook for $109.5K Level
According to Cas Abbé, Bitcoin (BTC) failed to close above its major resistance level despite briefly spiking higher, encountering significant selling pressure and falling back below this critical threshold (source: @cas_abbe, May 31, 2025). This technical development indicates that bearish sentiment currently dominates the market. For bullish momentum to return, BTC must secure a weekly candle close above $109,500. Traders should monitor price action around this resistance as a decisive close could trigger renewed buying interest and fuel further upside in the cryptocurrency market. |