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.

According to Crypto Rover (@rovercrc), Bitcoin has just closed its highest weekly candle ever as of May 19, 2025 (source: Twitter). This historic price action signals continued bullish momentum in the cryptocurrency market, suggesting increased institutional and retail interest. Traders should closely monitor resistance and support levels, as this milestone may drive further volatility and potential upside in Bitcoin and related altcoins. The record weekly close strengthens Bitcoin’s technical outlook and could impact derivative markets and spot trading flows.

According to x.com/i/broadcasts/1, Bitcoin price recently closed a strong weekly candle but briefly dipped below a critical macro support level. Traders should closely monitor this zone, as holding above it is essential for BTC to target a new all-time high (ATH) before year-end. The broadcast highlights heightened volatility predictions and emphasizes the importance of the current support-resistance (R/S) flip. Key levels to watch are the weekly close and the nearby support, which, if breached, could lead to increased selling pressure and invalidate bullish setups (source: x.com/i/broadcasts/1).