Bitcoin (BTC) decreased by 10 % of its highest level ever of the week with the emergence of new support areas-where the next BTC Price Action Tead may be?
Curd and analysts are studying their expectations on the market, as they fight the bulls for $ 105,000 to finish the Wall Street trading week.
Trader: Bitcoin Bull Market “is likely” near its end
Bitcoin took a break from the upward trend this week, and returned to the test levels last time about ten days ago.
While the majority expects this to be a temporary unification stage before the return of the upward trend, some of them warned against being very satisfied – and even seeing the emerging market soon.
Popular trader Roman is among them. Based on the principle of rehabilitation in each price cycle, it argues that the current running days of profit are numbered.
“This course so far by 600 %, the last course we saw 2000 % of the course before we see 10,000 %,” he wrote in part of x subject On May 28.
“If you don’t have noticed, the returns are decreasing over time. It is possible that we may come up or very close!”
The associated graph revealed the main support levels on high time frames, with $ 105,000 as one of them.
in Another separateRoman said he expected “some side work” as soon as $ 105,000 returns to play.
The qualifiers return sub-support -100,000 dollars
Other participants on the market began to see levels closer to a brand of $ 100,000 after that.
$ BTC – Unless 107K is reclaimed, I expect 102 thousand after that pic.twitter.com/eu9u7jfjet
– Marketwizard (@Marketwizard94) May 30, 2025
Meanwhile, a look at the latest liquidity of the exchange orders book for $ 103,000-104,000 dollars is revealed as an immediate importance.
Below, however, data from a supplier monitoring Coinglass He explains that a little standing is on the path of a decrease below the six numbers.
“Note that large long liquidation groups are less than the current price, especially around the 103k and 99K area. This shows that the long centers with benefiting from them will be eliminated and operate as possible support,” Make up On X a day.
Classic support lines are waiting for a re -test
The zoom, the Onchain Analytics Glassnode platform has put three important support trends this week.
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They say, as two of the daily moving averages (SMAS), in addition to the basis for the cost of a pregnant woman in the short term, say at major levels to see them with the bull market.
SMA sits for 111 days and 200 days currently at 92,100 dollars and 94,700 dollars, respectively, for all data from Cointelegraph Markets Pro and Tradingvief.
“111DMA and 200DMA are widely used to assess momentum and directional strength for the Bitcoin market. We can complete these technical price models with a short -term cost, which is a measure on the latest version that reflects the average acquisition price for new investors in the market,” Glassnode comments in the latest version of the weekly weekly, “The week onchain“
“Historically, this level was a major threshold, and this is often among local bull market systems and bear.”
The basis for the cost of the pregnant holder in the short term is now $ 95,900.
“Currently, the price is traded much higher than all the three main levels, which confirms the strength of the market gathering since April,” Glassnode added.
“It is worth noting that these pricing levels are closely compatible with value, and this rapprochement provides a strong meeting around the critical support area, which it will be important to keep in order to maintain more bullish momentum.”
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.
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