Bitcoin may be on the edge of all-time reclaiming of all time of $ 111,970, but crypto analysts say there is little basic support for property that significantly breaks above the level.
“The risk of a short-term correction continues to build-especially in the absence of a strong catalyst to push Bitcoin to be more than current high time,” Bitfinex’s analysts Says In a report on Monday.
Bitcoiners faced a tough call as bitcoin approached ath
“Without a strong macro or structure reversed catalyst, Bitcoin is vulnerable to short -term corrections, especially as long -term holders share in strength,” they said.
Analysts said Bitcoin (Btc) Holders are now faced with an important decision on whether to sell or not.
“Participants in the market are still holding coins from Q1 2025, and to hold the sharp drawdown below $ 80,000, now tested while the prices of sideways near ATH levels,” they said.
In the first quarter of 2025, Bitcoin hit the low $ 78,513. It was trade at $ 109,519 at the time of publication, only three months later, According to In CoinMarketCap data, investors are placed to buy at a low point up to 39%.
Analysts said whatever the long-term owners decided to do to “help define the next leg of the market structure.” They warned that a sudden sale of Bitcoin owners with the holder could lead to a prolonged phase of integration.
It is not uncommon for Bitcoin to enter an integration of the stage after reaching new all-time highs. In March 2024, the Bitcoin reached a full time $ 73,679 Before entering a phase of integration, with the swinging within a range of about $ 20,000 until Donald Trump was elected US president in November.
$ 1b in short positions at risk if Bitcoin recovers ATHS
Despite being 2.2% off Bitcoin’s entire time of $ 111,970, not all merchants are convinced, with approximately $ 1.08 billion in short positions that are set to be liquid if it hits the price point, per Coinglass data.
Analysts are currently looking at Macro events such as the upcoming Interest Rate decision and development of the US Federal Reserve in connection with President Donald Trump’s tariff policies.
Analysts look at the next Fed decision
The Federal Reserve is set to announce the next interest rate decision on June 18, a major event that many market participants watch for macroeconomic signals.
Interest rate cuts are considered a bullish indicator for risk assets such as Bitcoin and other cryptocurrencies.
Related: The Bitcoin Price will see ‘Short-Term Correction’ before $ 140K: Analysts
Meanwhile, Swyftx lead analyst Pav Hundal recently said Cointelegraph said the ongoing loop of tariff uncertainty from US president Donald Trump was the most important risk for those who bet in Bitcoin In the next two months.
“The biggest threat to the Bulls today is no change in the next two months, and we only remain trapped in the cycle of endless tariffs ultimatums,” Hundal said.
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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.
