Bitcoin is under pressure because it tests a key level of support near 105 thousand. USD after recovering from the latest highest all time in the amount of USD 112,000. Covering appears among the increased uncertainty of the market, caused by the ephemeral restoration of the federal court of the former President Donald Trump to dozens of countries. This unexpected legal development has added a up-to-date variability of global markets, fueling speculation and nervousness in the field of risk assets, including cryptocurrencies.
Despite forceful growth in recent months, BTC is now in the face of a critical moment. Bulls are trying to defend the region of 105,000 USD-106 thousand USD, which has become a miniature -term demand zone. The decisive division below this level can open the door to a deeper withdrawal, and a forceful reflection can confirm a wider stubborn structure.
By adding caution, the data on the Cryptoquant chain shows that the total net number of bitcoins has become negative, which indicates increased aggressive sales. This bear’s strength suggests that sellers are currently dominating in market orders, potentially undermining the momentum up if the demand will not augment soon.
Bitcoin holds the line when bears augment the pressure
Bitcoin is testing a critical support zone slightly above USD 105,000, which can define the next phase of this cycle. After reaching the highest level of 112 thousand USD, BTC has cooled down, and now the market is on the border of global economic tensions. The ongoing tariff distance between the United States and China transforms macro conditions, which causes variability and defensive behavior in the markets.
Despite these windcoin winds, it seems to be relatively good. Unlike action and some risk assets, BTC and ETH still show resistance in the face of macroeconomic uncertainty. Many investors perceive bitcoin as protection against system stress, and the current price effect confirms this thesis.
Still, pressure is built. The best Axel Adler analyst Key insights made available The disclosure that bears have significant pressure in the last five days, and the forceful volume on the sales side indicates an increased miniature -term uncertainty. This trend suggests that although long -term owners remain confident, miniature -term traders actively sell strength, potentially limiting all immediate breakthrough attempts.
If Bitcoin manages to maintain current levels and absorb sales pressure, it can cause impulsive higher movement, confirming the wider level of growth. However, the failure below support may invite a deeper withdrawal and testing of market trust. Thanks to the augment in volume and global headers dictating sentiments, the coming days can be crucial for the miniature -term Bitcoin direction.
Details of the price: BTC Testing
The 4-hour chart shows that bitcoins are coming back to test the support zone of 105,000. USD-106 thousand USD after it has not regained the resistance level of USD 109,000. The price campaign has weakened since the rejection near the highest level of 112 thousand. USD, while in recent sessions another lower maxima and lower low ones are formed. BTC now trads below 34-speed EMA and SMA 50 and 100, which indicates a short-term shrink of bear gains adhesion.
Support in the amount of USD 105,000 is crucial. This is not only the basis of the last consolidation zone, but also is just above the horizontal level for USD 103,600, which meant a breakthrough structure earlier in May. The division below this range can cause increased pressure for sale and open the door to re -test 200 SMA near 102 thousand. USD.
The volume remains increased, and the last candles have forceful sales side activity, adapting to cryptochant data indicating the growing bear’s strength in the net volume. However, bulls still have a chance to defend this zone and reset the trend. A successful reflection from here, and then recovering USD 109,000, would restore the shoot and potentially signal the next leg higher. Until then, BTC remains related to the range and susceptible to further declines in the miniature period.
Recommended photo from Dall-E, Tradingview chart
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