Main points:
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Bitcoin (BTC) is at its highest level since January, and merchants are looking for main levels to monitor the next.
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After reaching 104,000 dollars, BTC/USD recovers to set up support, but the fate of $ 100,000 is among the concerns of the market participants.
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The current procedure is an important battlefield, and it was measured from its lowest levels of $ 75,000 this year.
“Headline Drive”
Only $ 6000 of the highest new levels ever, for all data from Cointelegraph Markets Pro and TradingviefBTC PRICE Action surprised the market by jumping by 10 % on days.
The pace of BTC price gains was a surprise for many perspectives, but long -term views appear as the most difficult battlefield lies.
“Since this current motivation was primarily, it is driven in the first place again, and this puts the markets on a decisive and embarrassing trading day.” X post On May 8.
SKEW refers to a common topic that unifies BTC’s volatility in recent weeks and months. Bitcoin and the origins of the risk are very sensitive to addresses, and even social media sites that include US President Donald Trump and his commercial definitions.
The last event involves a commercial deal between the United States and the United Kingdom, but the period in which optimism continues is still an open bet.
“I’m sure the markets hope for this effect to get commercial deals on the table for other major commercial limbs such as the European Union and China,” continued.
Another x post said what is required now is “negative flows”, a strong volume to support newly reviewed levels and convert them into strong support.
The deviation added:
“The negative flows will be important to accept a higher value, especially after the large market offered, which broke the price of 100 thousand dollars.”
Fibonacci levels highlight the decisive bull market battle
The highest current local levels of the BTC/USD have violated a brand of $ 104,000, and the enlargement, revealing the analysis of Retremity Fibonacci that the price is now in a major area.
“$ BTC is at the last technical level to clarify it before the new ATHS,” Patrick H. Declare In the X.
“Bitcoin has already surveyed 1.618 FIB and is now trading in the high volume area (VAH) + weak resistant trend line.”
The accompanying graph provided important levels of Fibonacci as measured from its lowest local levels in Bitcoin about $ 75,000.
Another commercial account, the KingPin Crypto, is a great attempt for the 1.618 Fibonacci level on the monthly graph.
“Rejection and withdrawal from 1.618 lasted for a little longer until May. However, the beauty of the FIB level cannot be denying,” He said.
The references are waiting for the wings
It included a warning note of the liquidity of the book of demand for current levels.
Related to: How high is bitcoin?
Latest data from a monitoring resource Coinglass The eating price has shown away in bids less than $ 103,000 directly, as the largest part of the interest was collected to less than 100,000 dollars.
However, the friction remained a little, with a few threads that have already occurred when returning to six numbers.
“There is much liquid less than the liquidity that has been collected above.” certain On x.
“This prominent imbalance makes the negative liquidation area a potential main area to monitor volatility or attract prices.”
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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