Key points:
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Bitcoin (BTC) has been at its highest levels since January, and merchants are considering key levels to monitor the next step.
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After reaching $ 104,000, BTC / USD meets to establish support, but the fate of $ 100,000 is one of the concerns for market players.
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The action of current prices represents an important battlefield, as measured from the stockings of $ 75,000 this year.
BTC price gains “titles” draw a meticulous examination
Only $ 6,000 of new heights of all time, according to Cointelegraph Markets Pro and TradingView data, BTC Price Action amazed the market by jumping 10% in days.
The pace of BTC price earnings was a surprise for many, but longer -term prospects show where the most difficult battlefield is.
“Since this current impetus was mainly drawn again, this puts the markets in a crucial and critical day of negotiation,” said Trader Skew about the moving impulse in a post X on May 8.
SKEW refers to a common theme uniting the Volatility of BTC prices in recent weeks and months. Bitcoin and risky assets have become very sensitive to titles and even publications on social networks involving US President Donald Trump and his business prices.
The last event implies a trade agreement between the United States and the United Kingdom, but the duration of optimism remains an open bet.
“I am sure that the markets hope that it will kick to obtain trade agreements on the table for other major commercial parts such as the EU and China,” Skew continued.
Another X Post said that what is necessary now are the “passive flows”, a strong volume to support the newly revisited levels and transform them into strong support.
Asymmetry added:
“Passive flows will be important to accept a higher value, in particular after such a market offer that has led the price to break $ 100,000.”
Fibonacci Spotlight Battle Crumpal Bull Market levels
The current local summits for BTC / USD have violated the $ 104,000 mark, and a zoom out, Fibonacci’s retracement analysis reveals that the price is now in a key area.
“$ BTC is at the last technical level to erase before the new ATHS,” said commentator Patric H. in a post X.
“Bitcoin has already decisively erased the FIB of 1.618 and is now negotiated with the high volume line (VAH) + a low resistance trend line.”
A table that accompanies him offered large levels of fibonacci, measured from local Bitcoin stockings around $ 75,000.
Another commercial account, Kingpin Crypto, revealed an attempted escape visible for the fibonacci level of 1.618 on the monthly graph.
“The rejection and withdrawal of 1.618 lasted a little longer until May. However, I cannot deny how beautifully the FIB level took place,” he said.
Liquidations pending in the wings
A warning note involved liquidity of command book on current levels.
In relation: At what height can the price of Bitcoin go?
The latest data from Resource Correglass surveillance showed that the price making offers in offers immediately less than $ 103,000, most of the interests grouped below $ 100,000.
Uplining, however, little friction remained, most of the liquidations that have already taken place on a six -digit return.
“There are much less short liquidity grouped above,” confirmed Trader Thekingfisher on X.
“This notable imbalance makes the liquidation zone down a potential key area to monitor volatility or prices attraction.”
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks, and readers should conduct their own research when they make a decision.
