Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Ethereum (ETH) Just Beat Bitcoin: Historical Record

10/07/2025

Trump family’s American Bitcoin mining company readies to go public with updated SEC S-4 filing

10/07/2025

Solana Secures Crucial Integration With Bullish to Fuel Stablecoin Push

10/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Bitcoin long-term holders hold firm despite 47% rally from recent lows

    10/07/2025

    Bitcoin Uptrend at Risk Ahead of Nvidia Earnings, Fed Minutes; XRP Holds Key Support Amid XRPFi Narrative

    10/07/2025

    Where Does Satoshi Nakamoto Rank Among the World’s Richest People? He Hasn’t Done Anything in 16 Years, and Here’s the Result

    10/07/2025

    Bitcoin Starts A Range-Bound Move Below $110,000

    10/07/2025

    Ethereum (ETH) Just Beat Bitcoin: Historical Record

    10/07/2025

    Ethereum Price Prediction: Bulls Eye $3,200!

    10/07/2025

    Why are companies turning to Ethereum treasuries?

    10/07/2025

    Is Ethereum About to Have Its Own ‘NVIDIA Moment’?

    10/07/2025

    Solana Secures Crucial Integration With Bullish to Fuel Stablecoin Push

    10/07/2025

    The Founder’s Past Posts Have Surfaced in a Widely-Discussed Altcoin: Causing a Major Debate

    10/07/2025

    Powering the Future of Stablecoin Infrastructure

    10/07/2025

    Ripple Studied by Central Banks as Alternative to SWIFT—XRP Integration in Sight?

    10/07/2025

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    09/07/2025

    Boxed Memecoins as Collectible Toys

    09/07/2025

    OpenSea Revolutionizes Mobile Trading with Rally Wallet Acquisition

    09/07/2025

    Hype fades as NFT platforms lose users

    09/07/2025

    Ethereum (ETH) Just Beat Bitcoin: Historical Record

    10/07/2025

    Trump family’s American Bitcoin mining company readies to go public with updated SEC S-4 filing

    10/07/2025

    Solana Secures Crucial Integration With Bullish to Fuel Stablecoin Push

    10/07/2025

    Cardano Foundation unveils blockchain-based tool to simplify audit compliance and enhance financial reporting

    10/07/2025
  • Blockchain

    Cardano Foundation unveils blockchain-based tool to simplify audit compliance and enhance financial reporting

    10/07/2025

    Fast Finality Is Now Fully Live on Binance via BNB Chain

    10/07/2025

    Cronos Reduces Block Time to Under One Second with Major Mainnet Upgrade

    10/07/2025

    Stables Integrates Mantle to Elevate Stablecoin Utility at Global Level

    10/07/2025

    Kinto and Suede AI Partner to Revolutionize Music Creation and Royalties Through Create-to-Earn

    10/07/2025
  • DeFi

    Ether Treasury Firm BTCS Surges 100% on $100M ETH Buying Plan

    10/07/2025

    AAVE Surges to 3-Week High, Dominating Soaring $56B DeFi Lending Market

    09/07/2025

    After PancakeSwap ban, Turkey may target other DeFi services, regulators explain

    09/07/2025

    Morpho crypto holds key level as TVL on Base nears $2b

    09/07/2025

    AAVE Token Rides DeFi Wave to New Heights

    09/07/2025
  • Metaverse

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025

    Automobili Lamborghini Unveils Digital Temerario and GT3 NFTs in Wilder World

    07/07/2025

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025
  • Regulation

    Trump family’s American Bitcoin mining company readies to go public with updated SEC S-4 filing

    10/07/2025

    This is how $1,000 in Anthony Scaramucci’s crypto portfolio performed in H1 2025

    10/07/2025

    Why euro stablecoins will surpass €100B in market cap

    10/07/2025

    UAE SCA answers crypto stakeholders’ questions with updated security and commodity token regulations

    10/07/2025

    Circle stock falls hard as Ark sells, Fed rate cuts loom

    10/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    BBVA Launches Crypto Trading and Custodian Services for Spanish Retail Customers

    09/07/2025

    Bybit adds 18% GST for Indian users amid broader India crypto tax crackdown

    09/07/2025

    From 30M Global Users To A ‘Next-Generation Crypto Exchange’

    09/07/2025

    Unexpected Ripple (XRP) Move Comes from the Giant Brazilian Exchange!

    09/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

    10/07/2025

    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

    09/07/2025

    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

    09/07/2025

    Off The Grid studio unveils Solana cofounder-inspired skin

    09/07/2025

    Astounding Ascent as Russell Index Inclusion Fuels Bitcoin Cloud Mining Growth

    10/07/2025

    Publicly Traded Mining Firms Face Pressures While Bitmine Shares Surge

    09/07/2025

    Tether CEO Says “We Will Be the Largest Bitcoin Miner by the End of 2025”

    09/07/2025

    A Bitcoin Mining Powerhouse Emerges

    08/07/2025

    Bill Morgan Rejects ‘Staged Lawsuit’ Claims

    10/07/2025

    Trump’s crypto working group is due to submit digital asset policy proposals by July 22

    10/07/2025

    Crypto exchanges and providers thrive 6 months into EU’s MiCA regulation

    10/07/2025

    Trump Is Making Bank on Crypto: Do Voters Care?

    10/07/2025

    Ethereum (ETH) Just Beat Bitcoin: Historical Record

    10/07/2025

    Trump family’s American Bitcoin mining company readies to go public with updated SEC S-4 filing

    10/07/2025

    Solana Secures Crucial Integration With Bullish to Fuel Stablecoin Push

    10/07/2025

    Cardano Foundation unveils blockchain-based tool to simplify audit compliance and enhance financial reporting

    10/07/2025
  • MarketCap
NBTC News
Home»Bitcoin»Can Bulls Hold $108K As Momentum Stalls?
Bitcoin

Can Bulls Hold $108K As Momentum Stalls?

NBTCBy NBTC10/07/2025No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


After failing to extend its breakout above $110,400, the Bitcoin price today is consolidating near $108,800 as short-term momentum slows. The broader Bitcoin price action has remained range-bound since the May 21 peak near $111,889, with technical indicators now signaling caution. With the daily trend still positive, but lower timeframes showing weakness, investors are asking: why is Bitcoin price going down today despite a strong macro backdrop?

What’s Happening With Bitcoin’s Price?

BTC price analysis (Source: TradingView)

On the 4-hour chart, Bitcoin price remains in a tightening structure between $108,200 and $110,400. The recent drop from the upper bound has pushed BTC back below the 20 and 50 EMA lines ($109,144 and $108,244), while the price now flirts with Bollinger Band midlines and support clusters near $108,500.

From a pattern perspective, the structure resembles a rising wedge breakdown or a rounded top, especially after repeated failures to breach the $110,400–$110,800 supply zone. Volatility, as indicated by the Bollinger Bands on both 30-minute and 4-hour charts, has compressed considerably—suggesting a high-probability breakout or breakdown in the next 24–48 hours.

Why Bitcoin Price Going Down Today? Rising Bearish Divergences Trigger Weakness

BTC price analysis (Source: TradingView)

The main reason why Bitcoin price going down today lies in the clear divergence across momentum indicators. On the 30-minute chart, multiple bearish divergences were observed on the RSI as price tried to push above $110K—each push was weaker than the last. Additionally, MACD lines on the same timeframe have crossed below the signal line with a bearish histogram expansion, confirming the waning bullish strength.

BTC price analysis (Source: TradingView)

The Ichimoku Cloud shows price breaking below the cloud support near $109,000 on the 30-minute chart, with the Tenkan-sen and Kijun-sen lines now crossing bearishly. The Chikou span also trails behind price, adding to the bearish short-term outlook.

BTC price analysis (Source: TradingView)

Stoch RSI is also flashing overbought rejections above 85, while the Bitcoin price update shows Chande Momentum Oscillator turning down after peaking near 25. This cluster of weakening signals reflects exhaustion in upside momentum after last week’s aggressive breakout.

Bitcoin Price Update: Key Support Zones To Watch Into May 29

BTC price analysis (Source: TradingView)

The immediate Bitcoin price update puts the spotlight on $108,200 as the nearest make-or-break zone. This level has acted as soft support since May 26 and aligns with the bottom of the current wedge structure. If price breaks decisively below this level, further downside toward $106,800 and $104,000 becomes likely, based on previous supply-demand flips and Fibonacci confluences.

BTC price analysis (Source: TradingView)

On the daily chart, BTC is still holding above the 100 and 200 EMA bands at $106,082 and $101,878 respectively, which should offer mid-term support if volatility expands sharply downward. However, a failure to reclaim $109,600–$110,000 by May 29 could accelerate the correction.

Bitcoin Price Forecast for May 29: Range Breakout or Breakdown on Deck

BTC price analysis (Source: TradingView)

As of now, Bitcoin price volatility is near a short-term inflection point. The price has failed to sustain higher highs since May 23, despite multiple bullish triggers. Unless bulls reclaim $109,600 with strength and volume, the bias remains tilted to the downside with $106,800 and $104,000 in focus.

On the flip side, a successful flip of $110,400 could trigger a renewed rally toward $111,800 and potentially $113,200 based on wedge breakout targets. However, this would require a breakout from the current descending channel visible on the 30-minute chart.

The RSI Divergence Indicator continues to show pressure building for a directional move. Traders should monitor MACD crossovers, Bollinger Band expansion, and the Ichimoku cloud edge near $109,200 for early cues into the move.

BTC Forecast Table for May 29

The Bitcoin price today is hovering at a pivotal zone, with bulls fighting to keep the structure intact above $108,200. However, momentum indicators are weakening, and multiple rejection wicks near $110,400 suggest short-term exhaustion. Unless buyers step in soon with conviction, Bitcoin price action may tilt into a sharper correction before attempting a new leg higher.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Bitcoin long-term holders hold firm despite 47% rally from recent lows

10/07/2025

Bitcoin Uptrend at Risk Ahead of Nvidia Earnings, Fed Minutes; XRP Holds Key Support Amid XRPFi Narrative

10/07/2025

Where Does Satoshi Nakamoto Rank Among the World’s Richest People? He Hasn’t Done Anything in 16 Years, and Here’s the Result

10/07/2025

Bitcoin Starts A Range-Bound Move Below $110,000

10/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Ethereum (ETH) Just Beat Bitcoin: Historical Record

10/07/2025

Trump family’s American Bitcoin mining company readies to go public with updated SEC S-4 filing

10/07/2025

Solana Secures Crucial Integration With Bullish to Fuel Stablecoin Push

10/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.