Key points:

• Bitcoin collections are growing from subsequent support, but fears associated with comedies induced by the Nashville conference are growing.

• The biggest meeting of Bitcoins tends to accompany the weakness of BTC prices.

• The BTC price campaign may and will continue to experience a payment of 10-20%, analysis stress.

Bitcoin (BTC) determined USD 110,000 on May 27 Wall Street Open among fears within 30% of the BTC price.

Bitcoin’s “market memory” can remember the 2024 disaster

Data from CointeLraph Markets Pro i TradingView He showed BTC/USD recovery after his latest support was again tested by around USD 107,000.

Because traders with gigantic heads benefited from variability, market commentators turned to potential risk factors from many sources.

Uncertainty about the US trading tariffs and the return of Wall Street after the holidays on the occasion of the Memorial Day combined with the spirit of BTC prices from a year ago.

In July 2024, the Bitcoin 2024 conference in Nashville, Tennessee constituted the basis for decline in the decline at the beginning of August, which reduced BTC/USD by 30% from USD 70,000 to USD 49,000.

Now, with the same event in 2025, some wondered if the market would experience an unwanted sense of Deja-Vu.

“The persistent height in short -term volumes suggests that traders position at the main risk before the Bitcoin conference in Las Vegas, scheduled for May 27-29. Focus is already being built around a number of speakers of the event, which includes JD Vance rules, Michael Saylor, Donald Trump Jr. and Eric Trump,” Capital.

“In July in July, the Nashville Bitcoin conference offers a useful analogue. At that time, President Trump’s speaking coincided with a sharp jump in 1-day implied volumes over 90, followed by a quick reversal and almost 30% of the BTC decline within two days. This episode still shapes market memory.”

30% withdrawal from current levels would bring Bitcoin back to 77,000 USD – around the area where he designated a multimontatic bottom in April.

Continuing, the cryptographic trader, analyst and entrepreneur Michaël van de Poppe repeated that the decline from USD 110,000 to the middle of USD 70,000 had already taken place earlier.

“Corrections happen and will continue”, he he said X followers on May 26, arguing that the correction of up to 20% “should not disappoint you”.

According to Cointelegraph, various sources suggest that the Bitcoin bull market is in the last rounds before the trend reversed.

The “magnet” of liquidity offers the target of USD 106,000

Employing tiny -term price shares, the popular Daan Crypto Trades trader was among people using the liquidity of books with the order to identify potential goals.

Related: The price of BTC is looking for 155,000 USD “Trigger” – 5 things to get to Poznań this week

“The longer the price rises around this region, the thicker the liquidity clusters above and below”, he summarized On the day next to data from resource monitoring Kinglas.

“There is a large liquidity cluster of ~ USD 106,000 and a lot sits from USD 111,000 and more. Keep an eye when the price becomes one of these regions, because they usually act as a magnet when the price is close.”

Couminglass herself showed the first part of the liquidity of the question at the beginning of the American trade session.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.