Bitcoin Nears Record High: Potential Correction Looms

Bitcoin is surging towards a new all-time high this May 2025, fueled by optimistic macroeconomic trends and market dynamics. While this price surge reflects heightened market excitement, technical indicators suggest a possible correction. 📈 Recent data reveals a weakening of Bitcoin’s momentum as investors sell profits after hitting $107,108, and the high leverage in the derivatives market has triggered significant liquidations exceeding $600 million. High leverage coupled with declining momentum indicators like the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are signaling potential corrections. 📉