Bitcoin trades in a narrow range of 100,000 to USD 105,000, causing growing impatience among investors willing to another grave traffic. After weeks of stubborn momentum and pointed climbing from April, the market entered the phase of serene consolidation. Although this type of price from side to side may seem adamant, it often precedes variability, and traders watch carefully.

According to fresh data, Cryptoquant, traders – those who keep bitcoins for 1-3 months – are now firmly back on the territory of profit. Their average margin of profits/losses dropped from the deficit -19% to +21% in just one month, emphasizing how much he changed the mood. The 30-day average movable profit is currently about 9%, vigorous, but not yet overheated.

Recovering unrealized profits suggests that market participants who bought a inheritance have been awarded and can now position on another leg or prepare for profits. As the trade range exacerbates, the market seems to be curled up by a decisive traffic. Whether Bitcoin breaks the recent ups of all time or encounters a deeper withdrawal, will just turn out. For now, the expectation continues.

Traders gain as a discovery of Bitcoin Eyes prices

Bitcoin shows signs of strength because it rises just below its highest time nearly $ 109,000. Despite the recent momentum, the resistance level of USD 105,000 proved to be complex to break, keeping BTC in a strict range from 100,000 to USD 105,000. This consolidation has created a sense of market indecision, and bulls tried to maintain control, while bears test their determination. Despite this, a wider trend remains stubborn, and many investors believe that the breakthrough in the discovery of prices is inevitable if the current support persists.

Best analyst Darkfost has made available observations In the scope of chain activity, emphasizing that traders-sales as wallets holding Bitcoin for 1 to 3 months-turned to profit. Their profit/loss margin has increased significantly from -19% to +21% over the past month, which is a sign of renewed market trust. The 30-day movable average for the profitability of this cohort is currently +9%, which indicates a vigorous but not excessive profit.

Interestingly, since the last correction, the completed price for these traders has dropped to USD 84,600 and it seems that it stabilizes. This suggests increased purchasing activity during immersion, strengthening the stubborn structure. While the current levels are far from overheated zone +40%, growing unrealized profits may soon tempt some investors to raise partial profits.

The coming days will probably be decisive. Breakthrough above 105 thousand USD can open the door to discover prices, and lack of support can cause low -term sales. For now, bitcoins remain at a key point.

Technical details: peace before great movement

Bitcoin currently trads around USD 103,300 after it does not break the resistance level of USD 103,600. This area has become a key low -term barrier for bulls, because prices are strictly under them. The chart shows a clear structure of a sturdy momentum stubborn at the beginning of May, pushing BTC from $ 87,000 to the $ 100,000 zone – $ 105,000. However, the last candles reflect indecision, and several wicks above USD 103,600 have been rejected, and the price closes below.

Despite the rejection of Bulls, the support level of $ 100,000 still effectively defends. The 200-day EMA and SMA are well below current Cente-on-$ 88,000 and USD 92,600-highlighting the strength of the recent ZSTAR. The volume is slightly decreasing, which suggests that traders are waiting for a clear breaking or failure from getting involved in a recent direction.

If Bitcoin can recover and accommodate over USD 103,600, it becomes common in the history of USD 109,000. On the other hand, the loss of $ 100,000 can open the door to a deeper return to the range of 96,000 to $ 94,000.

Recommended photo from Dall-E, Tradingview chart

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