PUNKO – PNK

Bitcoin (BTC) Daily Performance Summary – May 28, 2025

Bitcoin experienced a slight downturn on May 28, 2025, consolidating after reaching new highs last week. The cryptocurrency saw a decline of approximately 2.68% according to the CoinDesk Bitcoin Price Index, trading around $106,977.62 at the 4 p.m. ET close. Earlier in the day, BTC was reported hovering below $109,000.

Key Metrics and Indicators:

• Price Action:
  • Opening Price: Around $108,980
  • Closing Price (CoinDesk Index 4 p.m. ET): $106,977.62
  • High: $109,340 (though other reports indicate highs up to $110,718 intraday, and a peak of $111,986.44 on May 22, 2025)
  • Low: $106,800 – $106,976.63 (reaching as low as $106,800 based on some reports, with a low of $106,976.63 on the CoinDesk index)
  • The price was consolidating after hitting a recent high of $112,000 last week.
• Market Capitalization:
  • As of May 27, 2025, Bitcoin’s market capitalization was reported at $2.182 trillion, showing a 1.40% increase from the previous day. While exact figures for May 28 are still being fully compiled, the overall market cap for global cryptocurrency experienced a slight decrease of 0.39% on the day, suggesting BTC’s market cap likely mirrored this slight dip or remained relatively stable within its current high valuation.
• Moving Averages (Indicative Levels – Actual values can vary slightly by source):
  • EMA 200: Bitcoin was reported to be trading above its longer-term 200-period EMA, which was noted around $90,251. This suggests a strong underlying bullish trend.
  • EMA 50: While specific figures for the 50-period EMA were not explicitly stated for May 28, the price consolidating just below $109,000 implies it was likely trading near or above this shorter-term exponential average, indicating sustained bullish momentum in the medium term.
  • SMA 200: The 200-period SMA was mentioned around $94,466, further consolidating the bullish base for Bitcoin.
  • SMA 50: Bitcoin’s price action, particularly a reported «bullish hammer near the 50 SMA» on May 28, suggested continued bullish momentum. A break above $115,000 would be a strong bullish signal, with $250,000 as a long-term target.
• Relative Strength Index (RSI):
  • The RSI was reported to be «within the positive range,» and specifically, the weekly RSI was «firmly above 70,» historically signaling sustained bullish momentum for several weeks. This indicates that despite the daily dip, the overall market sentiment remains strong.
• Moving Average Convergence Divergence (MACD):
  • While specific MACD values weren’t detailed, reports indicated «clear buying momentum in major currencies» and an «improving market sentiment,» which typically aligns with a bullish or consolidating MACD signal, even with intraday price fluctuations. There was also a report of a connecting bearish trend line forming resistance at $108,000 on the hourly chart.

Overall Behavior:

Bitcoin’s behavior on May 28, 2025, can be characterized by a minor pullback following recent strong performance. Despite the daily decline, key long-term moving averages (EMA 200 and SMA 200) remained supportive, indicating that the broader bullish outlook for Bitcoin remains intact. Short-term price action showed some indecision and consolidation, with minor support levels being tested around $106,800. The RSI and MACD, while not providing exact numbers, generally pointed towards underlying strength and positive sentiment in the market, suggesting that the day’s dip was likely a corrective move rather than a reversal of the ongoing uptrend. Analysts continue to eye higher targets for Bitcoin in the coming months, with some predictions reaching $140,000 or even $220,000-$330,000 for the cycle peak.

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