Bitcoin Price Prediction for May 27: Bulls Hold $109K as Market Eyes $112K Breakout

After reclaiming lost ground earlier this week, the Bitcoin price today is trading around $109,560, consolidating just under the $110,000 psychological barrier. The market’s recent recovery from a steep May 24 dip has turned attention back to whether bulls can muster enough momentum to pierce through $111,287 and retest the yearly high at $112,000. What’s driving this shift in tone? A mix of strong institutional flows, range-bound consolidation, and signals from key technical indicators suggest a breakout could be in play—if the bulls defend the current zone convincingly. What’s Happening With Bitcoin’s Price? BTC price forecast (Source: TradingView) The Bitcoin price action over the past 48 hours reflects a successful bounce from the $107,000 zone, where a cluster of EMA supports (20/50/100 on the 4-hour chart) cushioned the selloff. This bounce saw BTC form a bullish engulfing pattern on shorter timeframes, followed by a clean break above the descending resistance trendline drawn from May 23’s peak. BTC price forecast (Source: TradingView) On the 4-hour chart, Bitcoin price volatility has contracted slightly after hitting intraday highs near $… The post Bitcoin Price Prediction for May 27: Bulls Hold $109K as Market Eyes $112K Breakout appeared first on Coin Edition .

Source: Coin Edition