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Market Direction

BTC Market Direction

Published: May 21, 2025
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Bitcoin has broken into price discovery once again, setting a new all-time high. This marks a significant milestone, but also raises the bar in terms of the momentum needed for further upside.

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  • Next Support: $108,300
  • Next Resistance: $109,200
  • Direction: Bullish
  • Upside Target: $111,000
  • Downside Target: $107,000
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Cryptonary’s Take

Bitcoin has officially set a new all-time high and is now trading between support at $108,300 and resistance at $109,200. This has been an exhaustive push, and while momentum remains strong, it will take significant buying pressure to break higher. Over the coming days, we may see a short period of consolidation before continuation. The trend is bullish, and the momentum is intact — we remain constructive here.

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