Basic Points:
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Watering is tightly clustered around the current price of the area, with $ 106,000 likely to be the next battlefield.
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Some merchants expect the bid to fail to enter price discovery to fail.
Bitcoin (Btc) retained giants obtained on May 11 Weekly closely as the review has set up a key level to be held next.
Analysis: The BTC price can “kickstart the breakout process”
Data from Cointelegraph Markets Pro and Tradingview Showed a weekend of the opposite, delivering new multimonth highs of nearly $ 105,000.
A lack of liquidity during the trade of “out of hours” positive rumors in a US-China trade deal.
$ Btc
Headlines almost $ 105k off againMarkets want to see the fruit of Trump’s comments about a path forward between the US and China
Shipment data suggests that the insider people know then the quantity of container is taken again pic.twitter.com/aijqalylws
– skew δ (@52kskew) May 10, 2025
Today, popular businessman and analyst Rekt Capital has confirmed that Bitcoin can kickstart return to all times high and price discovery.
All important weekly close levels to flip to support, he said, approximately $ 104,500.
“Can Bitcoin do this? Can Bitcoin be weekly above the scope of highly reclaimed accumulation of re-accumulation to kick the breakout process?” He has been in a Post on x next to an explanatory chart.
“Bitcoin is at the cusp of the start of the uptrend price discovery 2.”
An additional update calculates the current Bitcoin Bull market as 85.5% complete, but there are the most -implicit -accurateswings still to come.
#BTC Bull Market Development:
▓▓▓▓▓▓▓▓░░ 85.5%
(Development will be accelerated with parabolic progress)$ Btc #Crypto #Bitcoin pic.twitter.com/qe88nvmo2z
– Rect Capital (@rectcapital) May 9, 2025
A look at the latest data book of exchange order from monitoring resource Coinglass showed a big cloud of clustered questions around the area immediately below $ 106,000 at the time of writing.
The bids have haddered up to $ 102,000, creating a thickening band of liquidity around the price of the area weekly.
Bitcoin can still restrace the “full moving”
Some market participants remained bearish in short timeframes.
Related: Is Bitcoin about to be parabralic? BTC price targets include $ 160k to the next
In X, the famous businessman HTL-NL argued that the current pushing towards all the time high would end as a “fake” to trap the late long ones.
“$ BTC is close/will open the week left within the range, will it make a ‘fake out (utad)’ or is it really a scope of reaccumulation that many want to believe,” he write During the day.
“To be honest, even though I still favor the first 2 options based on M/Q charts, being reaccumulation is not impossible.”
Another voice of caution, all familiar with the Bitcoin trading circles, came in the form of fellow businessman Il Capo of Crypto.
To her Latest X updatesThe pseudonymous commentator warned that BTC/USD could correct it until its entire rebound disappeared.
“This is the time to measure, no,” he argued on May 10.
“Strong objections have been tested, and if this is just a downtrend correction since January, the whole move can be completely reversed.”
The leader of the crypto Originally got known —cognition For its $ 12,000 BTC price targets at the start of the bull market in 2023.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
