Bitcoin (BTCUSD) continues to show strength on higher timeframes, and traders should stay focused as technical levels are tightening. Here’s a detailed look at Bitcoin’s chart from a multi-timeframe perspective, with a clear intraday trade setup for May 20, 2025.
Monthly Chart: Bullish Momentum Holds Strong
The monthly candle remains bullish. The lower wick is extremely small, signaling buyers are fully in control. The momentum suggests Bitcoin may continue its upward trend in the coming weeks unless a strong reversal signal appears.
Weekly Chart: Sideways Pause, Not a Reversal
The weekly candle looks like a pause or consolidation candle. There’s no aggressive selling pressure, and the downside is limited. This often indicates a potential sideways range or continuation of the previous trend. No bearish confirmation has formed yet.
Daily Chart: Breakout from Ascending Triangle Confirmed
On the daily timeframe, Bitcoin has broken out of an ascending triangle pattern—a classic bullish continuation structure.
✅ The breakout is complete
✅ The pullback to the triangle’s resistance (now support) is done
✅ The price is ready for its next move
Today’s Trading Plan (May 20, 2025)
Here’s how to approach today’s trade based on key intraday levels:
Key Levels:
- Previous Day High: $107,195
- Previous Day Low: $102,210
- Target: $109,406
- Stop Loss: 250–300 points from entry
Buy Setup Plan:
If price breaks above $107,195 with strength, a buy opportunity opens up.
Entry Conditions:
- Use the 15-minute timeframe
- Wait for a 15-minute candle to close above $107,195
- If the breakout candle is too large, wait for a small red candle
- Enter the trade when the red candle’s high is broken
Target: $109,406
Stop Loss: 250–300 points below entry
Sell Setup Possibility:
While the primary focus is bullish, a reversal from $109,406 is possible because this area acts as a resistance near all-time highs.
Watch for:
- Bearish patterns like a double top or “M” formation
- Confirmation via 5 EMA setup on the 1-hour chart
- when dual confirmation go with full-size sell
Pro Tips for Traders:
- Be patient and let the setup come to you
- Confirm breakouts with candle closes, not just wicks
- Watch the 1H 5 EMA setup after $109,406 for potential trend shifts
- Protect your capital and avoid emotional trades
Conclusion
Bitcoin’s technical structure remains bullish on higher timeframes. The recent breakout from an ascending triangle offers a solid trading opportunity, especially if $107,195 is broken. However, $109,406 is a key resistance level that could trigger a reversal—stay sharp and wait for confirmation on either side.
For more technical analysis of BTCUSD using multiple indicators, click here