PUNKO – PNK

Bitcoin (BTC) Daily Summary (May 26, 2025)

Bitcoin experienced a day of slight gains and consolidation on May 26, 2025, largely maintaining its bullish posture despite some profit-taking by short-term holders. The price remained strong above key support levels, and underlying market sentiment, especially from institutional inflows, remained positive.

Price Action:

• Price: Bitcoin was trading around $109,252 to $109,718.
• Daily Change: Bitcoin saw a gain of approximately +0.17% to +1.28% over the past 24 hours, depending on the source. It had risen for seven of the past nine days.
• High: The 24-hour high was around $110,440.40, with some reports noting a move towards $110,000. It’s worth noting that Bitcoin hit an all-time high of $111,814 or $112,000 earlier in the week (May 22, 2025).
• Low: The 24-hour low was around $106,600 to $106,800.

Market Capitalization:

• Market Cap: Bitcoin’s market capitalization was approximately $2.17 trillion to $2.19 trillion. This indicated its continued dominance and leadership in the crypto market. The market cap was up by about 0.84% from May 25, 2025.

Moving Averages:

• EMA 200: While specific EMA 200 values for May 26, 2025, weren’t explicitly detailed, the general sentiment was that Bitcoin was positioned well above all major moving averages, signifying a strong uptrend.
• EMA 50: Similarly, Bitcoin was holding above the 50-day moving average, a bullish sign.
• SMA 200: The 200-day Simple Moving Average (SMA) was reported around $85,489.80 as of a few days prior, with Bitcoin comfortably above it, reinforcing the long-term bullish trend.
• SMA 50: The 50-day Simple Moving Average (SMA) was around $92,805.70, also indicating a strong upward trend with the current price well above this level.

Oscillators:

• RSI (Relative Strength Index): The RSI was reported to be around 56.49 (6-period), 62.98 (12-period), or 69.53, suggesting that while it was cooling down from previously overbought conditions, it remained in a generally bullish structure with strong positive momentum. Values above 70 indicate overbought conditions, so there was still room for further upward movement.
• MACD (Moving Average Convergence Divergence): The MACD showed a flattening momentum, with the DIF line and DEA indicating slowing bullish momentum. However, overall moving averages across all timeframes were uniformly bullish.

Overall Sentiment: Bitcoin’s behavior on May 26, 2025, was characterized by consolidation after recently hitting new all-time highs. Despite some short-term profit-taking by traders, the underlying bullish trend was sustained by strong confidence in Bitcoin’s long-term fundamentals, significant institutional inflows, and its role as a «safe-haven asset» amid economic uncertainties. Analysts were eyeing resistance levels around $111,000 to $112,000 for a breakout to new highs, with key support identified around $106,000-$108,000. The market remained optimistic, as reflected by a Fear & Greed Index around 70.