<ul><li>Bitcoin has shown a sharp move above $105,500, igniting hopes of an upside breakout as bulls try to surpass the key resistance level at $105,820.</li><li>Both moving averages are trending upward, and the RSI is in overbought territory, indicating that buyers are in control.</li><li>Several U.S. and global companies have announced plans to acquire Bitcoin, boosting institutional confidence in the asset.</li><li>BTC currently trades at $104,097, with strong support at $100,000 and $90,000, and resistance at $110,000.</li></ul>

Bitcoin Technical Analysis Report – 19th May 2025

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