Bitcoin breakout odds climb as all-time highs meet $90K dip warning

Main points:

• Bitcoin rejects budging from a narrow range as merchants look in the potential direction.

• The price is expected to be detected very much, but negative predictions include levels beyond $ 90,000.

• BTC/USD has delivered very engraved movements since it started to recover in April.

Bitcoin (BTC) kept merchants in a guess in the Wall Street Open Championship on May 16, where monotheism raised the ups and dusty expectations.

Adopting “important” liquidity around the BTC price

Data from Cointelegraph Markets Pro and Tradingvief BTC/USD shut out showed between $ 103,000 and $ 104,000 a day.

Despite expectations, the latest macroeconomic data in the form of the Consumer Prices Index (CPI) and the PPI price index (PPI) failed in May 13 and 15, respectively, in exercising a strong effect on short -term price behavior.

Instead, traders focused on the latest standardization stage in Bitcoin less than 10 % away from their highest levels ever.

“$ BTC was almost the same since its lowest level in April. Move, tight unification, and higher, famous dealer Dan Chipiro books In part of the continuous X analysis.

“Watch this domestic domain and wait for an interruption to any of the two directions, my recommendation will be.”

Separate supporting areas of thick liquidity on both sides of the price, likely to provide targets in the near -term if the BTC/USD exits its narrow range.

$ BTC The filter map, which shows a large group of 105 thousand dollars-106 thousand dollars, and the ton sits between 99 thousand dollars and 103 thousand dollars.

This is logical because these are the highest levels/lowest levels in the current small range that we merged during the past week or so.

Recently, we have seen a lot of similar monotheism and we … pic.twitter.com/y387v1wzsc

– Daan Crypto Trades (Daancrypto) May 16, 2025

“Notice the tremendous focus of the long references collected tightly with a little less than the current price, especially about 10280-10300? This represents a large group of liquidity,” continued.

“Short pants are widespread. This defect makes the area under a major area to see. It can act as a price magnet, or a consecutive references point if the price decreases.”

Another famous trader, Crypto Caesar, suggested that the range of domain can work deeper and take Bitcoin less than $ 100,000.

“If the price is broken and suspended over this area, we may see new high levels,” it is He said X Followers, refer to an intersection of a rise in the rapprochement/mobile spacing index (MACD).

“However: Rejection here may lead to a decline of about $ 90,000.”

Rinse and repetition of Bitcoin collapse?

Like Daan Crypto Trades, the Kevin Svenson analyst was keen to see a continuation of the apostasy in place since April.

Related to: Bitcoin, which reaches $ 220,000, says in 2025

When analyzing the time frames for 4 hours a day, he delivered his next bully goal BTC/USD well inside the discovery of prices.

“Until now, the extrapolation of the measurable movement of each leg in this range was accurate,” books.

“If this trend continues, if this style continues, then the next goal is $ 115,000.”

Earlier, CointeleGRAph told a variety of BTC price predictions now, as commentators are preferred to an overwhelming majority.

Zoom, it may become $ 1 million for each currency, real within three years or even sooner, according to former House Speaker Arthur Hayes.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.