Bitcoin price efficiency has been unique in the last week, reaching the modern highest level of all time. In the overdue Thursday, May 22, the most critical cryptocurrency reached a modern record price of 111 807 USD.
While the BTC value has witnessed a significant correction in the last 24 hours, market moods are positive, because investors expect the price of the coin to be set. However, historical price prices suggest that the price of Bitcoins may chilly down for a moment before it resumes its rally up.
After entering BTC Local Top, the Altsason is next: Analyst
In the last post on the social media platform x cryptographic analyst Joao Wedson advisable Potential local best Bitcoins price around USD 113,000 and USD 114,000 in the coming days. The analyst in the chain emphasized the two main reasons why the stubborn rush of the market leader may disappear in the low period.
First of all, this bear projection revolves around the appearance of a long -term trend line on the daily BTC chart. As observed in the chart below, the trend line acts as a level of resistance for the Bitcoin price, precipitating many bits from the beginning of 2021.
Source: @joao_wedson on X
In addition, the front cycle (and then the highest price) about USD 69,000, after reaching this long -term trend line. Recently, the previous price of Bitcoin of all time of USD 108,786 ended with this long -term resistance level.
Wedson also noted that aggregated Bitcoins liquidation levels Thermal map supports local local theory $ 113,000 – USD 114,000. According to the liquidation data, the price of Bitcoins has suffered about USD 110,000 in the last six months.
Most importantly, Wedson pointed out that Altcoins can return to life in months at the price of bitcoins achieved at the top. While Bitcoin’s dominance has experienced correction over the past week, the record has gained a significant enhance after BTC prices in the last few days.
The conversation about the Altcoin season has always been in the cryptographic air from the beginning of 2025, especially since the price of Bitcoins apparently reached the cycle height (at that time). However, Altsason seems to be a more fantastic idea, because the world’s largest cryptocurrency still runs a package for a significant mile.
Bitcoin price at first glance
The price of bitcoins dropped below USD 109,000 in overdue Friday at something that looked like to react to the tariff threat of the President of the United States to European Union goods. In this letter, the flagship cryptocurrency is around USD 108,500, with a price drop by 2.3% in the last 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Recommended photo from Istock, chart from TradingView
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