The main miniature Bitcoin compression can happen if BTC price variability pays off

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Key points:

  • Bitcoin is working on completing a “successful” re -support test because Zakłady Handlowiec is growing before the weekly closing of the candle.

  • The variability of BTC prices is expected, because liquidity analysis shows that the conditions are conducive to a significant miniature compression.

  • 100,000 USD still remains likely in case of a recent price drop.

Bitcoin (BTC) had USD 105,500 for a weekly closing on June 8 among the hope that the BTC price correction was over.

BTC/1-hour chart. Source: Cointelegraph/TradingView

The risk of liquidation of bitcoins increases as price coils of USD 105,000

Data from CointeLraph Markets Pro i TradingView He showed that BTC/USD strengthened its reflection after traveling to $ 100,500 on June 5.

Bitcoin again inspired traders and the resumption of Bull Run Bitcoin again inspired traders to bet on continuations and resume.

“In everyday time, Bitcoin shows signs of breaking a two -week pit (light blue), and at the same time transform it into support”, a popular trader and Rekt Capital analyst he said X observes when sending a chart with key levels.

“Daily closing and again Reta is ~ 106600 USD (black), it would be even better to allow you to continue trends.”

1-day BTC/USD chart. Source: Rekt Capital/X.

The BTC price campaign has already reached a daily rapprochement above the 10-day straight movable medium (SMA)-what another Superbro salesman said was a condition for “annulment of a bear case.”

Meanwhile, Trader CAS ABBE was looking for the liquidity of books for guidelines towards prices.

This built both above and below the spot price, leading ABBE to predict a magnet style to “catch”.

“BTC liquidation cluster now signals the movement of the mountain”, he summarized on X.

“If BTC pumps 10% from here, $ 15.11 billion in shorts will be liquidated. Meanwhile, 10% inheritance will eliminate $ 9.58 billion in length.”

Heat map of bitcoins exchange. Source: CAS ABBE/X.

Abbe noted that negative financing indicators indicated “large short items” appearing at the weekend.

“I think that BTC Big Move is coming next week, probably exceeding it above $ 109,000 to $ 110,000,” he concluded.

$ 104,400

Some first saw the potential of further again hundreds.

Related: Bitcoin is approaching 105,000 USD, because Donald Trump requires the Fed “Full Point” rate

Update X observing in its market forecast, the popular Cypnuevo trader saw The logical place to build long BTC positions is 100,000 USD.

“100K is the strongest psychological support, so, as explained on Sunday, it is an area where I build a long with easy annulment below,” he wrote, referring to my previous goal of marking a $ 100,000 mark.

1-day BTC/USDT chart. Source: CAS ABBE/X.

Meanwhile, Capital Rekt described the rest of the support after the highest times in May in weekly time frames as “successful”.

“Can Bitcoin successfully confirm this test with a weekly close above $ 10,400 for what would be the fourth week in a row?” He asked.

1-week BTC/USD chart. Source: Rekt Capital/X.

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.

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