Bitcoin Price Prediction for May 26: Bullish Momentum Persists

Bitcoin’s price has experienced a notable surge this week, reaching $109,670 at press time. CoinStats reports that the BTC/USD rate has risen by 2.11% since yesterday. A local resistance point of $110,266 may be indicated on the hourly chart, with the majority of the ATR (Average True Range) having been passed, making sharp moves unlikely tomorrow. 3 On a broader timescale, Bitcoin is poised within a defined channel between the support level of $106,827 and resistance at $112,000.