The cryptocurrency market experienced a sharp decline in May 2025, with Bitcoin facing resistance at the $95,800 mark. This downward trend led to a decrease in the market cap to $3.55 trillion as of May 28, 2025. While Bitcoin’s ascent has been hampered by resistance and lagging performance from altcoins, long-term analysts are optimistic about its future trajectory. The recent decline has sparked investor anxiety, resulting in selling pressure across various cryptocurrencies. This volatility mirrors the market shifts observed following the 2024 Bitcoin Conference, demonstrating that price fluctuations often occur during significant events in the crypto industry. Despite the current downturn, analyst TehThomas believes Bitcoin’s long-term trend remains bullish, pointing to key support levels as crucial indicators for future market movements.