Key points:

• Bitcoin (BTC) has been at the highest level since January, and traders look at key levels to watch what will happen next.

• After reaching USD 104,000, BTC/USD is able to establish support, but the fate of $ 100,000 is one of the fears for market participants.

• The current price campaign is an crucial battlefield, measured this year on the basis of USD 75,000.

BTC “drive headline” RIGS RIGS RIGS ACTION

Only USD 6,000 from the recent highest all time, for data from CointeLraph Markets Pro i TradingViewThe BTC price price stunned the market, jumping by 10% during the days.

The rate of BTC price profits was a surprise for many, but long -term perspectives show where the most complex battlefield lies.

“Because this current impulse was primarily driven by a header, it puts markets on a key and critical trade day,” said SKW Trader X Post May 8.

SKOJ refers to a common topic combining BTC prices in recent weeks and months. Bitcoin assets and risks have become very sensitive to headers and even social media posts with the participation of US President Donald Trump and his trade tariffs.

The latest event includes a trade agreement between the USA and Great Britain, but how long optimism lasts, it remains an open plant.

“I am sure that the markets hope that this has an impact on obtaining trade contracts on the table for other main trading parties, such as the EU and China,” continued Skew.

Another x post said that now “passive flows” are needed, a sturdy volume supporting newly proven levels and transforming them into sturdy support.

SKW Added:

“Passive flows will be important for accepting a higher value, especially after such a large market offer, which led to a fracture of $ 100,000.”

Fibonacci levels illuminate the key battle for the bull market

The current local maxima for BTC/USD has violated the 104,000 USD sign and increasing, the analysis of Fibonacci’s recovery reveals that the price is now in a key zone.

“$ BTC is at the last technical level that he cleaned before the new ATHS,” commentator Patric H. announced In the post x.

“Bitcoin has already definitely cleaned 1.618 FIB and is currently trading on the height line (VAH) in the volume of the volume + poor resistance.”

The accompanying table offered crucial fibonacci levels measured from local low Bitcoin around 75,000 USD.

Another commercial account, Kingpin Crypto, revealed a noticeable breakthrough at 1.618 Fibonacci on a monthly chart.

“Rejection and withdrawal from 1.618 took a little longer until May. However, you cannot deny how beautifully he played FIB” he said.

Liquidation waiting on the wings

The warning note included the liquidity of orders’ books at current levels.

Related: How high can the price of bitcoins be?

The latest data from resource monitoring Kinglas He showed that the price should be eaten with offers directly below USD 103,000, with a lot of percentage focused below $ 100,000.

To the advantages, however, there was a diminutive friction, and most of the liquidation occurred after returning to six numbers.

“Above there is much less short liquidity,” The Eingfisher trader confirmed on X.

“This noteworthy imbalance means that the disadvantage of the disadvantage is a potential key area for observing volatility or attraction of prices.”

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.