The post Bitcoin (BTC) Price Prediction for May 22 appeared on BitcoinEthereumNews.com.

After briefly testing $107,700, the Bitcoin price today is trading around $106,650, slipping into mild consolidation as momentum indicators turn mixed. Following a strong surge earlier in May, bulls are now showing hesitation near a historically critical supply zone between $107,000 and $108,000. The market is watching closely to see whether Bitcoin price can hold above $106,000 or whether another correction is brewing. This cooling phase comes after a strong breakout from $101,500–$102,000 support levels, driven by bullish sentiment across equities and broader crypto markets. But as the price approaches overbought regions, traders are questioning: Why Bitcoin price going down today despite strong weekly performance? What’s Happening With Bitcoin’s Price? On the 4-hour chart, Bitcoin price action reveals a strong uptrend still intact, with candles consistently closing above the 20-EMA ($105,447) and 50-EMA ($104,200). However, the latest pullback from the $107,777 peak shows signs of short-term weakness. Notably, Bollinger Bands are beginning to compress, with the upper band flattening near $107,700, hinting at a potential volatility squeeze ahead. Meanwhile, RSI has slipped from overbought levels to 48.08, reflecting a loss in momentum without confirming a full bearish reversal. MACD also shows fading bullishness, with the histogram turning red and the signal line crossing above the MACD line — a classic early warning of cooling momentum. In short, while the broader trend remains bullish, the intraday setup indicates hesitation. Short-Term Resistance Holds As Bulls Struggle at $107K The 30-minute structure shows Bitcoin price spikes losing strength each time BTC tests above $107,500. This level has now emerged as a key resistance zone. Trendline rejection is visible, with price struggling to sustain above this barrier and forming lower highs near the upper red supply block. On the Ichimoku Cloud, Bitcoin remains above the cloud but Tenkan-Sen and Kijun-Sen are flat — a…

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Filed under: News - @ May 21, 2025 12:21 pm