Bitcoin price faces cooling pressure below key EMAs after institutional-led May breakout
Bitcoin price strong rally into May, driven by a wave of institutional demand, is now facing a cooling-off phase.
The U.S. Bitcoin Spot ETFs recorded $1.81 billion in net inflows at the turn of the month—marking the third-largest weekly inflow of 2025. BlackRock’s IBIT led the charge with $2.48 billion in new investments, reflecting sustained appetite from traditional finance.
That momentum pushed Bitcoin to a three-month high of $98,000 ahead of the weekend. However, the rally didn’t last. A sharp downturn began over the weekend, with consecutive declines on Saturday and Sunday driving the price to a five-day low of $93,600. The drop erased all early May gains, suggesting the rally might have run ahead of itself.
Bitcoin momentum indicator diverges: 4hr RSI hints bearish while daily hints bullish
In the European session today, Bitcoin briefly rebounded from $93,600 support, gaining over 1% to reach near $95,000, before stabilizing. At the time of writing, it’s up just 0.3%—a modest intraday recovery. However, on the 4-hour chart, Bitcoin remains pinned below key short-term resistance levels: the 20 EMA at $95,600 and the 50 EMA at $95,000. These moving averages now act as a ceiling to further upside attempts.
BTC price dynamics (Jan - May 2025). Source: TradingView
On the downside, $92,900 remains a critical support area, having served as the base of last week’s consolidation. Interestingly, volume has held steady through the correction, suggesting a lack of panic selling and possible accumulation beneath the surface.
There’s a mixed signal in momentum indicators. The 4-hour RSI has dipped into bearish territory, hinting at further short-term weakness. However, the daily RSI is still in bullish territory, an indication that the broader uptrend is still intact, and the recent decline could be a healthy retracement rather than a trend reversal. Overall, the picture shows a market taking a breather after strong institutional-led gains, while traders look to key levels around $92,900 and $95,600 to decide the next leg.
Bitcoin broke past key resistance at $95,850, backed by rising volume and nearly 3% weekly gains. Price paused near $96,800 as $2.54B in options expired and traders watched for a breakout.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
