Bitcoin Rally Weakens—Is a Price Correction Coming?

TradingKey

23 May

TradingKey – Bitcoin's recent surge appears to be slowing down, with technical indicator RSI signaling overbought conditions, suggesting an imminent correction.

On Friday, May 23, Bitcoin (BTC) hovered around the $110,000 mark, showing signs of bullish exhaustion. As of publication, Bitcoin dipped slightly to $110,400.

Bitcoin Price Chart – Source: CoinMarketCap.

Recent Trade Policy Boosted Bitcoin’s Run

On April 9, former U.S. President Donald Trump announced a 90-day tariff suspension, triggering BTC’s rebound from a low of $75,000.

- Subsequent trade agreements between the U.S., UK, and China further reduced tariffs, fueling Bitcoin’s continued upward trajectory.

- To date, Bitcoin has surged 48%, reaching a new all-time high of $112,000.

Bitcoin Price Trend – Source: TradingView.

RSI Signals Overbought—Potential Pullback Ahead

Bitcoin’s Relative Strength Index (RSI) currently stands at 74, indicating overbought conditions that could lead to a consolidation phase.

- A retracement to $105,000 may occur before BTC regains upward momentum.

- In an extreme scenario, BTC could test the $100,000 support level before another rally.

Find out more

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2537071869"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2537071869\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2537071869?lang=en_US&edition=fundamental","thumbnail":"https://resource.tradingkey.com/cms_uploads/img/20230904/c920f3d48cef293396d36c6c58137fe6.jpg","is_english":true,"pubTime":"2025-05-23 15:26","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2537071869","market":"fut","top_or_hot":-1,"title":"Bitcoin Rally Weakens—Is a Price Correction Coming?","media":"TradingKey","content":"<html><body><p dir=\"ltr\"><b><strong>TradingKey – Bitcoin's recent surge appears to be slowing down, with technical indicator RSI signaling overbought conditions, suggesting an imminent correction.  </strong></b></p><p dir=\"ltr\"><span>On Friday, May 23, Bitcoin (</span><span>BTC</span><span>) hovered around the $110,000 mark, showing signs of bullish exhaustion. As of publication, Bitcoin dipped slightly to $110,400.  </span></p><p><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250523/dd6d677525784916b4e1722de35520e5图片1.png\" width=\"inherit\"/></p><p dir=\"ltr\"><span>Bitcoin Price Chart – Source: CoinMarketCap.</span></p><h2 dir=\"ltr\"><b><strong>Recent Trade Policy Boosted Bitcoin’s Run  </strong></b></h2><p dir=\"ltr\"><span>On April 9, former U.S. President Donald Trump announced a 90-day tariff suspension, triggering BTC’s rebound from a low of $75,000.  </span></p><p dir=\"ltr\"><span>- Subsequent trade agreements between the U.S., UK, and China further reduced tariffs, fueling Bitcoin’s continued upward trajectory.  </span></p><p dir=\"ltr\"><span>- To date, Bitcoin has surged 48%, reaching a new all-time high of $112,000.  </span></p><p><img height=\"244\" src=\"https://lh7-rt.googleusercontent.com/docsz/AD_4nXfLu-JTmhHT5DfA2CS-4ldqrFJ-6toUqmYWIQLZi8BauWpMAf2CdyLrd0zyA20rGmsDvSMITn8uFkM55qV5YcTe2o2D6MvWIxu1lBbZ2qU5K3Ee06Ycv_toATeZibalYg-nbEbW?key=WqAiyvMuaTuD6rFnWLXaMg\" width=\"602\"/></p><p dir=\"ltr\"><span>Bitcoin Price Trend – Source: TradingView.</span></p><h2 dir=\"ltr\"><b><strong>RSI Signals Overbought—Potential Pullback Ahead  </strong></b></h2><p dir=\"ltr\"><span>Bitcoin’s Relative Strength Index (RSI) currently stands at 74, indicating overbought conditions that could lead to a consolidation phase.  </span></p><p dir=\"ltr\"><span>- A retracement to $105,000 may occur before BTC regains upward momentum.  </span></p><p dir=\"ltr\"><span>- In an extreme scenario, BTC could test the $100,000 support level before another rally.  </span></p><p>Find out more</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Rally Weakens—Is a Price Correction Coming?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1041236214\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">TradingKey </p>\n<p class=\"h-time\">2025-05-23 15:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p dir=\"ltr\"><b><strong>TradingKey – Bitcoin's recent surge appears to be slowing down, with technical indicator RSI signaling overbought conditions, suggesting an imminent correction.  </strong></b></p><p dir=\"ltr\"><span>On Friday, May 23, Bitcoin (</span><span>BTC</span><span>) hovered around the $110,000 mark, showing signs of bullish exhaustion. As of publication, Bitcoin dipped slightly to $110,400.  </span></p><p><img height=\"inherit\" src=\"https://resource.tradingkey.com/uploads/20250523/dd6d677525784916b4e1722de35520e5图片1.png\" width=\"inherit\"/></p><p dir=\"ltr\"><span>Bitcoin Price Chart – Source: CoinMarketCap.</span></p><h2 dir=\"ltr\"><b><strong>Recent Trade Policy Boosted Bitcoin’s Run  </strong></b></h2><p dir=\"ltr\"><span>On April 9, former U.S. President Donald Trump announced a 90-day tariff suspension, triggering BTC’s rebound from a low of $75,000.  </span></p><p dir=\"ltr\"><span>- Subsequent trade agreements between the U.S., UK, and China further reduced tariffs, fueling Bitcoin’s continued upward trajectory.  </span></p><p dir=\"ltr\"><span>- To date, Bitcoin has surged 48%, reaching a new all-time high of $112,000.  </span></p><p><img height=\"244\" src=\"https://lh7-rt.googleusercontent.com/docsz/AD_4nXfLu-JTmhHT5DfA2CS-4ldqrFJ-6toUqmYWIQLZi8BauWpMAf2CdyLrd0zyA20rGmsDvSMITn8uFkM55qV5YcTe2o2D6MvWIxu1lBbZ2qU5K3Ee06Ycv_toATeZibalYg-nbEbW?key=WqAiyvMuaTuD6rFnWLXaMg\" width=\"602\"/></p><p dir=\"ltr\"><span>Bitcoin Price Trend – Source: TradingView.</span></p><h2 dir=\"ltr\"><b><strong>RSI Signals Overbought—Potential Pullback Ahead  </strong></b></h2><p dir=\"ltr\"><span>Bitcoin’s Relative Strength Index (RSI) currently stands at 74, indicating overbought conditions that could lead to a consolidation phase.  </span></p><p dir=\"ltr\"><span>- A retracement to $105,000 may occur before BTC regains upward momentum.  </span></p><p dir=\"ltr\"><span>- In an extreme scenario, BTC could test the $100,000 support level before another rally.  </span></p><p>Find out more</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://www.tradingkey.com/news/cryptocurrencies/250721754-btc-bitcoin-tradingkey-block-tao","article_id":"2537071869","we_media_id":"1041236214","thumbnails":["https://resource.tradingkey.com/cms_uploads/img/20230904/c920f3d48cef293396d36c6c58137fe6.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2537071869","pubTimestamp":1747985206,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"TradingKey","introduction":"Your One-Stop Financial Markets Platform","home_visible":1,"id":"1041236214","head_image":"https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb"},"summary":"Bitcoin's recent surge appears to be slowing down, with technical indicator RSI signaling overbought conditions, suggesting an imminent correction.  \n","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BK4150":"赌场与赌博","BTC.AU":"Btc Health Ltd","03042":"华夏比特币","09008":"博时比特币-U","03439":"嘉实比特币","BTC":"Grayscale Bitcoin Mini Trust ETF","BK4601":"加密货币现货ETF","03008":"博时比特币","BK4585":"ETF&股票定投概念","RSI":"Rush Street Interactive, Inc.","BK4594":"比特币ETF概念","BK1611":"加密货币现货ETF","09042":"华夏比特币-U","BK4588":"碎股","09439":"嘉实比特币-U"},"translate_title":"比特币涨势减弱——价格调整即将到来吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03008":1,"03042":1,"03439":1,"09008":1,"09042":1,"09439":1,"BTC":1,"BTC.AU":1,"BTCmain":0.9,"XBTmain":0.9,"RSI":1},"content_text":"TradingKey – Bitcoin's recent surge appears to be slowing down, with technical indicator RSI signaling overbought conditions, suggesting an imminent correction.  On Friday, May 23, Bitcoin (BTC) hovered around the $110,000 mark, showing signs of bullish exhaustion. As of publication, Bitcoin dipped slightly to $110,400.  Bitcoin Price Chart – Source: CoinMarketCap.Recent Trade Policy Boosted Bitcoin’s Run  On April 9, former U.S. President Donald Trump announced a 90-day tariff suspension, triggering BTC’s rebound from a low of $75,000.  - Subsequent trade agreements between the U.S., UK, and China further reduced tariffs, fueling Bitcoin’s continued upward trajectory.  - To date, Bitcoin has surged 48%, reaching a new all-time high of $112,000.  Bitcoin Price Trend – Source: TradingView.RSI Signals Overbought—Potential Pullback Ahead  Bitcoin’s Relative Strength Index (RSI) currently stands at 74, indicating overbought conditions that could lead to a consolidation phase.  - A retracement to $105,000 may occur before BTC regains upward momentum.  - In an extreme scenario, BTC could test the $100,000 support level before another rally.  Find out more","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}