Bitcoin Drops Below $107.5K as Trump Tariff Threat Triggers Crypto Sell-Off
From Yahoo Finance: 2025-05-25 11:40:00
Bitcoin is facing strong volume-based resistance near $108,300, with support at $106,700-$107,000. Technical analysis indicates a compression zone, with potential for a breakout toward $112K if bulls reclaim $109K-$110K, or a test of $106K if support at $107,000 breaks.
On May 24th, high volume (16,335 BTC) led to resistance near $108,300. Support at $106,700-$107,000 held on May 25th, but price remains around $107,500. The short-term trend is bearish, with potential for further consolidation.
Bitcoin saw a surge from $107,373 to $107,671 on May 25th, followed by a drop to $107,393. The most significant movement was a $150 jump in one 13:35 minute candle, establishing temporary resistance at $107,630 and support at $107,400. Continued consolidation is expected.
Read more at Yahoo Finance: Bitcoin Drops Below $107.5K as Trump Tariff Threat Triggers Crypto Sell-Off