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This article is also available in Spanish.
After a powerful rally at the beginning of this month, the price of Bitcoin’s price stopped slightly above $ 103,000 And he was caught in a strict consolidation over the past week. The daily chart shows a coherent resistance slightly above $ 107,000, and the latest candles are formed at a compressed level, which indicates indecision and low shoot.
This price behavior can be seen as a break before the next higher leg. However, it can also be a trap that can cause $ 98,000 to reverse.
Every day near $ 107 Clear Breakout signal
The current consolidation of Bitcoin around USD 103,000 at the price level has been going on for over a week, and the final breakthrough can happen in any direction. In the last post on the Social Media Platform X, Analyst Crypto Ali Martinez He noticed meaning Daily closure above $ 107,000 for stubborn bitcoins.
His chart illustrates that Price came to this threshold Many times from December 2024, but everyday time frames could not be maintained. This, in turn, led to the creation of a horizontal barrier just under $ 108,000. In particular, even the highest Bitcoin level of USD 108,786 on January 20 was not closed above the price level USD 107,000 that day.
According to Martinez, confirmed close to this level He could open the door to further movement towards recent ups of all time. However, as long as this threshold is definitely cleaned, Martinez warns that traders should be careful and avoid forcing position.
Picture From x: @ali_charts
Potential configuration of Bitcoin trap and sweeping liquidity up to USD 98,000
A separate technical division by Tehthomas’s cryptographic analyst, published on TradingView, presents Much more cautious bitcoins perspectives. Similarly, the analyst noticed that Bitcoin spent over eight days blocked in a narrow range from about 100,000 to USD 105,800.
According to its fluidity, this range is probably used as a trap at the invitation of both long and miniature traders for premature transactions. Its 4-hour candlestick time chart shows a clear consolidation block, with the price not escaping or the end, and the liquidity rises above USD 105,800, as well as below USD 100,000.
Tehthomas believes that equal ups of nearly USD 105,800 act as a lure for a breakthrough long. Expects bitcoin to sweep these ups shortly, just to cause Swift and decisive move down to the lower demand zone from 98,000 to 97,500 USD.
This zone, marked as a enormous, undamaged gap of fair value and the golden level of the pocket on its chart, is where it expects the price to react the next one, after taking liquidity on both sides.
Picture From Tradingview: Tehthomas
However, this miniature configuration in the direction of USD 98,000 would be annulled if the price of bitcoins could be taken above USD 105,800 and shows a continuous sturdy volume And the next passage.
At the time of writing, Bitcoin traded USD 103,914, which is a 0.06% decrease in the last 24 hours.
A distinguished picture from Unsplash, TradingView chart
