Bitcoin has remained silent for more than a week, which is less than $ 110,000 since May 23.
After the strong first half of the year, the largest cryptocurrency in the world is moving now, besieging within a narrow range from 106,600 dollars to $ 110,700.
Bitcoin is struggling to create a clear upward trend, as every attempt is rejected to exceed $ 110,000.
According to Bitmonty, a good follow -up merchant on X, a clean outbreak of this level can cause a new gathering and may pave the way for the highest level ever. However, repeated rejection can send the price to the subsidy area of $ 105,000.
At the same time, feelings through commercial societies cool. The Market Intelligence Santiment platform has noticed that FOMO among retailers had calmed down.
Do traders show a high level of Fomo, where the market value of Bitcoin ranges around the level of $ 110,000? A little, but the euphoria has a little calm. As the markets move in the opposite direction of the expectations of retailers, we want to continue to see some reasonable suspicion. more
The company explained to X that with the continuing prices near $ 110,000, the euphoria allows any doubt, especially with the presence of markets that spend for expectations.
The uncertainty in the federal reserves, definitions and inflation weighs over the investor’s mood
Bitcoin’s flat performance is also formed through broader economic uncertainty. Investors closely monitor macro data and monetary policy signals.
The latest federal reserve meeting, which was released this week, is subject to scrutiny due to any hint on future interest rate movements.
While the Federal Reserve left the rates unchanged on May 7, the Federal Reserve Chairman informed Jerome Powell of the definitions imposed by President Donald Trump as a potential source of inflation and the inability to predict.
This comes before a series of major economic data. The first review of the Q1 GDP printing before May is scheduled, along with the Personal Consumption Expenditure Index in April (PCE) and unemployment claims on May 29.
With the high revenues of bonds that already enhance traditional markets, Crypto sees cautious feelings.
In addition to the cautious tone is the broader market’s association with technical stocks. The NVIDIA profit report, which is expected later this week, can significantly affect investor morale.
The surprise of negative profits may not only reach stocks, but risk behavior can extend to digital origins such as Bitcoin.
Trump and Bitcoin 2025 Conference created memories of volatility
Another factor that affects the trading position is the continuous Bitcoin 2025 conference in Las Vegas.
While such events usually draw attention to the encryption sector, this year’s edition is closely monitored due to the participation of members of the Trump family.
Historical patterns show a link between Trump’s high -level manifestations and increased bitcoin volatility.
QCP Capital reminded investors in the Telegram Memorandum on May 27 of a 30 % sharp decrease in Bitcoin after the keyword for Donald Trump at Nashville 2024. At that time, implicit fluctuations rose for one day above 90 before reflection quickly.
Although the company sees the possibility of a similar decrease this time, it indicated that the market anniversary of the July 2024 event still affects cautious sites.
The main support areas are built with the growth of liquidity groups
Traders are now seen closely the main levels of the current price. Daan Crypto Trades, a merchant with more than 300,000 followers on X, noted that prolonged monotheism is about $ 110,000 leads to the thickness of liquidity groups.
$ BTC The longer the longer price around this price area, the more thick and lower liquidity groups will be. There is a large liquidity set at approximately 106 thousand dollars and a few sessions from 111 thousand dollars and above. Stay tuned when the price clicks on any of these areas
He said that there is a strong area of $ 106,000 and a visible resistance from $ 111,000 up.
These levels can be a magnet for price movements in either direction, depending on whether the momentum is built or failed.
Moreover, the founder of the MN Capital Michael Van De Poppe pointed to a range of $ 102,000 – $ 104,500 as decisive support.
The loss of this area may lead to the settlement of the upscale momentum, while re -testing may confirm a strong base for the other collapse attempt.
While the basics of Bitcoin are still unchanged, short -term procedures seem to be trapped between the overall opposite winds, technical resistance and trading frequency.
Until one of these factors allows the road, Bitcoin may continue to stir in this narrow range, letting investors wait for the next catalyst.
The post -bitcoin is similar to less than $ 110,000, as macro events appeared on the momentum first on Invezz
