Bitcoin Price Prediction: Will $107K Hold or Give Way to a $115K Weekend Spike?

Bitcoin Holds $107,911 Into Memorial Day Weekend

Bitcoin is currently trading at $107,911, down 1.10% in the past 24 hours with $46.17B in daily volume. As the U.S. heads into the Memorial Day weekend, reduced liquidity is fueling expectations of volatile price action toward $115,000 or lower.

Spot ETF Inflows Reflect Renewed Institutional Interest

Between May 17–23, spot Bitcoin ETFs absorbed $2.75 billion, a 4.5× jump over the prior week. BlackRock’s IBIT continued its eight-day inflow streak, leading the institutional charge.

According to Coinglass:

• Binance led with $19.87M net BTC inflow in a 1-hour window
• Spot exchange volume ranked: Binance $92.84M, Bybit $42.71M, OKX $22.34M, Bitstamp $13.61M

Cumulative ETF inflows for May total $5.39 billion. This corresponds with Bitcoin’s recent high of $111,970 on May 22.

Sentiment Cools, But Not Collapsing

The Crypto Fear & Greed Index dipped from 78 (Extreme Greed) to 66 (Greed), signaling a moderate sentiment retreat—likely due to the pre-weekend indecision and technical resistance.

Bitcoin Technical Outlook: Support and Resistance Zones

On the 2-hour chart:

• BTC is trading below the 50 EMA at $108,315
• Pressing against an ascending trendline near $107,000
• Fibonacci retracement key pivot: $107,074 (from $102,190 low to $111,958 high)

Support Levels:

• $107,074
• $105,905
• $104,289

Resistance Levels:

• $108,315 (50 EMA)
• $109,637

Indicators:

• Bearish MACD crossover
• Indecision candles
• Trendline pressure near $107K

If BTC falls below $107,000, downside targets include $105,905 and $104,289. Conversely, a breakout above $108,315 could reignite a push to $109,637+.

Will Reduced Liquidity Spark a Memorial Day Move?

Holiday weekends typically feature thin order books. With ETF inflows up but spot activity slowing, price swings may be exaggerated.

If ETF flows continue and BTC clears technical resistance, expect upside to $115,000. If uncertainty persists and support breaks, a drop to $104K is in play.