Bitcoin reveals indicators of ‘easing momentum’ however merchants nonetheless count on $150K

Key takeaways:

• Bitcoin’s RSI has dropped 15% and is now beneath the overbought threshold.

• Bitcoin futures flip bearish with a 43% decline in perpetual CVD.

• Analysts predict Bitcoin may attain $150,000 so long as a key help degree holds.

Bitcoin’s (BTC) worth hit recent all-time highs of practically $112,000 on Could 23, gaining 50% from its April 1 lows. In keeping with analysts, BTC worth is now “exhibiting indicators of easing momentum” because it consolidates. 

Bitcoin’s rally to $111K triggered purchaser fatigue

BTC’s latest run to $111,000 pushed the day by day relative power index (RSI) into the overbought zone at 79.6. Nonetheless, “indicators of easing momentum” have emerged because the RSI dropped by 15% to 67, mentioned market intelligence agency Glassnode in its newest report, including:

“This decline could sign cooling purchaser enthusiasm, discount in upward momentum and a possible pause or reversal within the latest bullish pattern.”

Further knowledge from Glassnode reveals that whereas Bitcoin futures open curiosity (OI) rose to all-time highs and funding charges elevated with BTC’s all-time highs, the perpetual CVD trended decrease, hinting at “stronger sell-side flows” and a extra cautious stance amongst merchants.

Associated: Bitcoin stalls at $110K however institutional traders proceed gobbling up BTC

The chart beneath reveals that Bitcoin’s perpetual CVD has dropped considerably to -$608.2 million from -$425.4 million, marking a 43% lower.

Glassnode added:

“The persistent decline in CVD displays bearish sentiment, highlighting dominant sell-side stress in Bitcoin’s futures market.”

Bitcoin merchants set $150,000 BTC worth goal

Knowledge from Cointelegraph Markets Professional and TradingView confirmed Bitcoin buying and selling at $109,600 on Could 27. BTC worth has closed above $106,000 the final seven days, reinforcing the significance of this degree to patrons.

“Bitcoin continues to be holding above the 106K degree,” mentioned analyst AlphaBTC in a Could 27 put up on X.  

An accompanying chart confirmed Bitcoin buying and selling in an ascending channel within the 12-hour timeframe, with a BTC worth goal above $120,000.

In a Could 22 X put up depicting the same technical setup, AlphaBTC mentioned:

“After taking the all-time excessive, I’m watching how $BTC performs over the subsequent couple of days. Ideally, it blasts up and reveals power to depart the breakout to be examined sooner or later.”

MN Capital founder Michael van de Poppe mentioned Bitcoin is “seeking to assault” all-time highs, nevertheless it may retest the $102,000 degree earlier than relaunching greater towards $115,000 and past. He added:

“Up we go.”

Utilizing Fibonacci retracement ranges, Titan of Crypto predicted a cycle prime of $135,000 for BTC worth if it repeated a 2024 sample within the weekly timeframe. 

#Bitcoin 100% Fibonacci Extension at $135,000 🎯#BTC is replicating the identical sample. pic.twitter.com/m18vvBaYDQ

— Titan of Crypto (@Washigorira) Could 27, 2025

Fellow analyst Rekt Capital shared his Bitcoin worth discovery roadmap, exhibiting that BTC was “transitioning into Worth Discovery Uptrend 2,” as proven within the chart beneath.

That is just like BTC’s worth motion between January 2024 and March 2024, when BTC/USD rallied greater than 91% to its earlier all-time highs above $73,000. In keeping with the analyst, if the identical state of affairs have been to play out, BTC may attain its subsequent peak of round $150,000.

As Cointelegraph reported, Bitcoin is in search of its subsequent catalyst to succeed in the goal of $155,000 after efficiently retesting the important thing degree at $106,000.

This text doesn’t include funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a call.