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Source: TradingView & BingX
The 1-day chart for Bitcoin (BTC) against USDT, as of May 28, 2025, shows the real-time price at $108,637. The candlestick pattern over the past month reveals an overall upward trend, with the price climbing steadily from early May. The chart includes two moving averages: the 9-period MA at $108,756.4 and a 5-period SMA also at $108,756.4, both of which are sloping upward, indicating a positive trend in the short term. However, the most recent candlestick shows a slight decline, bringing the price below these moving averages, which may suggest a potential shift in momentum.
At the current price of $108,637, Bitcoin is trading just below the recent high of $108,883.0, as seen earlier on May 28. The price appears to be testing the support provided by the 9-period MA and 5-period SMA, both at $108,756.4. A small red candlestick at the end of the chart indicates selling pressure, and the price has dipped below these moving averages, which could signal a short-term pullback.The 24.24 million ticks in volume suggest active trading, and the next few hours may clarify whether this dip is a temporary correction or the start of a deeper decline.
Looking at the broader picture, Bitcoin’s price remains above the longer-term trendline, which has acted as support since early May. The uptrend appears intact, with higher lows forming around May 13 and May 19, but the recent drop below the short-term moving averages introduces some uncertainty. The market seems to be in a neutral state, as the price hovers near key levels. A sustained move above $108,756.4 could indicate a continuation of the uptrend, while a break below the trendline support near $107,000 might suggest a more significant correction in the days ahead.
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