We Are So Back – ATH Next? Bitcoin Price Analysis for May 2025

Bitcoin price has moved significantly over the past month, gaining a whopping 40%. A clear indication of bull strength! Investors, as well as holders, are hopeful again. So far, this year has been a thrill, an emotional rollercoaster that shook many people. Today

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has begun its retrace. How low will it go before it bounces back up?

Bitcoin long-term holders added 630K BTC since March growing from 13.66M to 14.29M BTC

Must know something. pic.twitter.com/58njcvR4e7

— Gordon (@AltcoinGordon) May 15, 2025

As Gordon’s tweet shows, long-term holders were selling between October 2024 and January 2025. The selling started when the price ranged between $60,000 and $70,000 and grew in November as it went up to $100,000. They accumulated again in February ($97,000) and April ($75,000). Now, the amount they hold is back to the September – October high. Was it a smart move, though? I’m not so sure.

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Bitcoin Price Analysis Insights for May 2025

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The chart gives us plenty of information, starting with the 1W timeframe. $73k is 2024’s high—a level we wanted to see as support. It got a front run, which was to be expected. The purple zone explored in last month’s article was an FVG gap and an area of interest where the market found new liquidity. And we witnessed an SFP.

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Adding the MAs on the weekly chart, we see a perfect retest and close above MA50, followed by this month long pump. The structure remains bullish and has not been broken! Ideally, we’d see price test the $92,000-$95,000 zone. And if it goes down further, we don’t want to see it close below $80,000. If that happens – market structure is broken.

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Bitcoin price analysis. Exploring technical analysis and what insights does latest price action provide. Current trend and key levels.

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Next, we’ll analyse the Daily timeframe. The RSI divergence discussed in the previous article played out perfectly, and this large move up with very little resistance in the $90k area was unexpected. A great sign of strength, though! Now, as the downtrend has been broken, the price will likely look to form a lower high.

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A possible long entry would be the MA200 on the 4H timeframe, which currently sits between the $92-$95k mentioned above. RSI also needs to cool down and reset. The 1D MAs are also above $90k, so that would be my level to watch. It’s a great psychological level as well.

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