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The price of a lion football and players are tender. Each arcu is to ultra -up all children or hatred for football Ullamcorper.
Bitcoin (BTC) is trying to recover a key level as a support that could enhance its price to local range. The market observer suggests that the results this week can give the rest of the month.
Bitcoin test your eyes again a huge rally
After losing USD 106,800 last week, Bitcoin is trying to recover this key area as support. This recently lost level served as key support for BTC after his rally to Fresh Time (ATH), and its price fluctuated between 106,800 to 109,200 USD before the market left.
However, the flagship crypto fell by over 8% from the height of USD 111,980 among the withdrawal last week, reaching the 10-day lowest support level of USD 102,000 over the weekend. This week, BTC has recovered a range of USD 105,000 and increased above USD 106,500 before it was rejected from a key level on Tuesday morning.
Despite the recent results, Bitcoin recorded the highest monthly closure in history, after the end of May is 104,591 USD, and remains in the local range from 103,000 to USD 110,000.
Crypto Jelle analyst excellent Because the cryptocurrency is trying to regain an area of USD 105,000–106,000, the level of 1.618 Fibonacci suggests that the next goal is around a barrier of USD 130,000.
Moreover, he Highlighted Bitcoin’s performance in this cycle, indicating that it has similar performance to the Q4 2024 rally. In particular, the cryptocurrency recorded a breakthrough of the trend, and then “after the turn” before it increases to fresh heights.
Jelle suggested that Bitcoin is in the second stage, after a recent break from the early Trend line from the beginning of 2025. He also stated that the Bitcoin power configuration of 3 (PO3) is “still in the game” despite the interruption of the rally, aimed at USD 140,000–150,000 during the expansion phase of formation prices.
Based on this formation, only “One Last Bump” has cryptocurrency, recovering previous ATH levels before it reaches a fresh level.
The direction of BTC will be set soon?
Market observer Daan Crypto Trades confirmed That the cryptocurrency will probably have an “interesting” week and month, because his movement on the sides allowed “a lot of positions that arose on both sides.”
According to the trader, he suggests that there will be “a lot of fuel when the price begins popular and comes out of this local consolidation.”
Earlier he stated that BTC tends to determine a monthly high or low level in the first week of the month, and then reversing in a different direction and continuation of the trend to the fresh month.
Based on this, he considers That if Bitcoin does not maintain the current levels in the coming days, it may fall below 100,000 USD, near the support zone of USD 98,000, before bouncing.
On the contrary, a significant price jump this week may indicate re -lost in the fall of the rest of the month.
Bitcoin trades for this magazine for $ 105,889, which is a 1% enhance in daily time frames.
A distinguished painting with unmplash.com, chart from tradingview.com
