A reason for trust
A strict editorial policy that focuses on accuracy, meaning and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reports and publication
A strict editorial policy that focuses on accuracy, meaning and impartiality
The price of a lion football and players are tender. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
This article is also available in Spanish.
When Bitcoin (BTC) is trying to transform the resistance of USD 110,000 into support, some analysts believe that his prices for discovering prices have just begun, forecasting novel maxima for the flagship cryptography.
Bitcoin begins the discovery of the second price
Last week, Bitcoin’s shoot led its price to the novel High (ATH) in the amount of $ 111 814 before it regained its current range. At the weekend, Bitcoin confirmed his breakthrough in the second price discovery, after a successful re -test of 104,500 USD as support.
The cryptocurrency has been significantly reviving the market for over a month, gaining almost 50% compared to April. Rekt Capital analyst excellent It was BTC that ended the downside deviation and set itself on the re -range of the key range of re -accumulation during growth from the beginning of May, which was successfully recovered and exceeded.
The analyst believes that his novel discovery of the price “has just started” because Bitcoin starts the 2nd week of this phase. Rekkt Capital emphasized that this cycle was a “history of re -accumulation, which signals that the novel range will be shaped after this discovery of the price.
Meanwhile, history suggests that the correction of the discovery of the second price goes when Bitcoin goes into a novel outfit according to the discovery of prices.
During the future correction, BTC will probably return between 25-35% “in order to obtain another inheritance deviation below the low re -accumulation range (future orange circle) before it resumes the position of growth upwards.
In the meantime, “all bitcoins must do above the high accumulation range of $ 104,500 to continue to continue the Rally discovering prices.
Then $ 110,000?
In particular, the flagship crypto re -assessed this range as support in the last two weeks, confirming the breakthrough. Therefore, immersion in the previous zone of coverage of 92,000–104,500 USD may occur as “part of normal variability”.
In addition, he changed another key resistance, the 102,500 USD mark, in support in that period from which it was previously rejected in January 2025. At these levels as support, Rekt Capital considers that only December 2024 and January 2025, UPWICKS, for USD 108 353 and 109,588 USD, can be able to detect the price in an additional way.
Daan Crypto Trades trader excellent That Bitcoin is “still strong, but he is fighting around previous all time since the beginning of this year.” He pointed out that the price action looks “very insecure” in the lower time frames, but this should not apply to investors if the price stays in the current range.
Macrocrg analyst confirmed that Bitcoin must officially regain USD 110,000 to continue its rally because it means the previous ATH and the High (VAH) area from last week. “Acceptance above and probably we are again pressing to discover prices,” said CRG.
Currently, Bitcoin has lost the weekly opening of USD 109 004 as a support that could set the stage over USD 110,000 if it persists. Meanwhile, rejection from this area can send the BTC price to an area of USD 106,000–108,000.
Since then, Bitcoin has traded at USD 109,181, which is an augment in the number of times by 1.4%.
A distinguished painting with unmplash.com, chart from tradingview.com
