Basic Points:
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Bitcoin is working on completing a “successful” support on the retest as the businessman’s bets rise before the weekly close candle.
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The volatility of the BTC price is expected because the diagnosis of liquidity shows that the conditions are in favor of a significant short squeeze.
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$ 100,000 remains a likely target in case of a fresh price sinking.
Bitcoin (Btc) held $ 105,500 to June 8 Weekly near the middle of hopes after the BTC price correction.
The risk of destroying bitcoin rises as price coils at $ 105,000
Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD to cement its rebound after a Travel to $ 100,500 On June 5.
Now almost back to its weekly open level, Bitcoin has again inspired entrepreneurs to bet on the reversed continuation and continuation of the Bull Run.
“In the daily timeframe, Bitcoin shows signs of breaking the two-week downtrend (light blue) while also preventing it earlier today,” famous businessman and analyst Recting Capital said X Followers while uploading a chart with basic levels.
“Sun -day closure and rehesting ~ $ 106600 (black) will be better to enable the continuation of the trend.”
The BTC action price has achieved a daily close to the top 10-day simple Moving Average (SMA) —a thing that fellow businessman said Superbro is a requirement to “the bear case is not valid.”
$ Btc Still need to obtain 10 MA and H&S necklines on a closing basis to validate the bear case
Until then, this is not the place to get aggressive in Longs, the time for that is the retest of FVG and 50 MA, when you are sure it’s all 😂 pic.twitter.com/Taeg3WZGOM
– Super ฿ Ro (@superbitcoinbro) June 7, 2025
Meanwhile, Trader Cas Abbe looked to order book liquidity for hints in the price direction.
It is the development of both above and below the price price, leading to the abbe to predict a magnet-style move to “grab” it.
“The cluster of BTC liquidation has signed an inverted move,” he Summary In X.
“If the BTC’s bomb is 10% out of it, $ 15.11 billion in shorts will be liquid. Meanwhile, a 10% collapse will remove $ 9.58 billion in long ones.”
Abbe noted that negative funding rates were directed to the “big short position” that appeared over the weekend.
“I think the BTC Big Move will come next week, probably pushing it above $ 109K- $ 110k,” he concluded.
$ 104,400 now key weekly close level
Some have seen the potential for further supporting support.
Related: Bitcoin is close to $ 105k as Donald Trump demands ‘Full Point’ Fed Rate Cut
Updating X Followers of his Forecast on the market, Crypnuevo’s popular businessman Crypnuevo Saw The logical area to generate BTC’s long position at $ 100,000.
“The 100k is the strongest psychological support so, as explained on Sunday, this is the place where I have been building some long with easy removal below it,” he wrote, referring to his previous purpose of Taking a $ 100,000 mark.
Meanwhile, Rekt Capital described the retest support after all May the weekly timeframes as “successful.”
“Can Bitcoin successfully confirm this retest with a weekly close to $ 104400 for what will be a 4th week -after -day -next?” He was quoting.
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.
