Bitcoin (Btc) Launches on the US CPI week with new multimonth highs while entrepreneurs are digging for volatility.
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BTC price action provides an increase in bullish signals, accompanied by a major cross on the weekly MACD indicator.
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The weekly close to the expectations, which increased the doubts if the price discovery would return to the immediate future.
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The CPI and PPI title dropped Macro data on Sunday, but markets are about US-China’s trade deal and its implications.
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Bitcoin’s supply to loss drops below 2% in a rare test of hodler’s staying power.
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Despite the additions, the sentiment in the crypto market remains cool amid the lack of basic interest.
Copies of Bitcoin MacD Cross October 2024
Bitcoin has been able to maintain the highest level since January around the weekly close as resistance to the Bulls Battle below all times high.
Volatility is visible on the weekend Thanks to BTC/USD Stay sensitive In developments around trading tariffs with us.
At the time of the chart, these are expressed as the snap moves up and down before a wide -paced trend continues, resulting in many “long wicks” candles.
That pattern continued on the first Wall Street Open, with Bitcoin hitting new highs of $ 105,706 on Bitstamp, per data from Cointelegraph Markets Pro and Tradingview.
“Price action seems like something to come. Post on x.
“We see a lot of ‘aware’ price actions that preceded the big announcements -just in case. The insider/leakage is real and it is used to exchange our markets. Remember, seeing it is like a big including two major countries, can be anyone anywhere.”
Businessman James Wynn continued by assessing the further volatility to come.
“It’s about to get seriously PABAGU -new for $ BTC. Suddenly wicks down, sharp wicks up,” part of his own x post Nakasa said.
An accompanying chart showed Exchange Order Book Liquidity from Monitoring Resource Coinglass. Upside down, $ 106,000 is the main place to break in low time.
Others point to a bullish cross on moving the average convergence/difference –MACD) indicators, that in the weekly timeframes provided a key reversed impetus.
“Perhaps the biggest signal you can get so far,” famous mustache businessman Summary to the followers of X, noted that the last said cross was on October 2024.
Number Cointelegraph reportedThe MACD had previously offered mixed signals, with a sun -performance that provides entrepreneurs for thinking.
Bitcoin Bulls are narrow miss key weekly target
Despite hitting its highest levels at three-and-a-half months after the weekly closely, Bitcoin failed to flip a major support line that could save a fresh breakout.
The weekly candle is closed around $ 104,100 – a stone disposal from what analysis described previously as a price detection ticket.
Updating X followers on the subject, the popular businessman and analyst rectual capital confirmed a decline of $ 104,500.
“Continuing, it is worth watching for Bitcoin to develop lower lows in price action and higher lows in RSI for a bullish difference -different to develop,” he ended.
Before closely, BTC/USD gave strong clues that a retest of all time highs May be on cards and even an adventure beyond.
“Bitcoin is at the cusp of the start of the Uptrend 2 price discovery,” Rekt Capital said at that time.
The price thus returned to a trading range recently to reclaim a week in which bulls enjoyed the acquisitions of 9.9%.
Number Cointelegraph reportedBTC’s target prices include $ 150,000 and higher in June.
CPI Week Dawns with uncertainty “Wherever”
Another crunch macroeconomic data week for Risk-Asset entrepreneurs makes for a potential volatile environment for Bitcoin and Altcoins.
Two major inflation markers, the consumer price index (CPI) and producer price index (PPI) print for April, should be in the coming days.
At the same time, markets are on the verge of US trade policy, along with News of a deal with China Sparking flash moves to crypto over the weekend.
“We still have to receive a statement from Trump directly to the US-China Trade Deal,” Resource Trading the Kobeissi Letter mentioned In part of the continuous X range.
“It explains why markets are up to 1.3% here otherwise massive bullish news. Uncertainty is everywhere.”
Kobeissi added that retail income reports may also shape market performance in the coming week.
Continuing, the trading firm Mosaic Asset has argued that trade news next, risk assets has no bullish impetus thanks to a continuing Hawkish policy stance from the US Federal Reserve and Chair Jerome Powell.
The fed Interest rates do not change At its meeting last week, the markets especially priced a cut before July.
“While there are some tensions in front of the trade, the latest Federal Reserve’s interest rate setting meeting does not deliver any bullish catalysts,” Mosaic Asset wrote in the latest edition of its regular newsletter, “The mosaic of the market. “
“Despite the volatility of the market capital this year, the Fed Chair Powell reiterated his message that the Fed could take a ‘wait and see’ approach to how the tariffs affect economic and inflation.”
The latest data from CME Group’s Fedwatch tool Putting the chance of a rate cut in June under 15%, while the Fed’s July meeting attracts about 50% odds.
Euphoria compared to “Smart Distribution”
The proportion of Bitcoin supply held in income has reached more than 98% – something almost never seen before, says new research.
In one of these ”Quicktake“Blog posts on May 11, Onchain’s analytics platform is evaluated if the Bitcoin investor base tends to” intelligent distribution “at the current levels.
“When the BTC supply in the loss drops between 0-2%, it usually coincides with the later stages of the bull,” Kriptto Mevsimi summarized.
“As shown on the chart, these clusters near the Macro Top – a zone are often characterized by excessive confidence.”
The post added that long-term holders-the hodling for at least six months-could see the return to six numbers as an appropriate opportunity to reduce BTC exposure. Newcomers and speculators, on the other hand, can only now plan an entry.
“In almost all BTC holders who earn, the distribution risk increases. Owners of these long-term conditions can see as a signal to Derisk, especially at BTC near all times high,” Kripto Mevsimi continued.
“Meanwhile, newer insertions can interpret this strength as confirmation to chase, creating a potential decay of emotion.”
Last week, however the research suggested that buying and selling-side pressure was extensive balancewith the indication that bitcoin can continue moving higher without a significant rush to the exit.
Mainstream Retail ignores $ 104,000 Bitcoin
In an interesting -friendly development – a potential supporting BTC’s prolonged price – the market is less “greedy” to $ 104,000 than when Bitcoin exchanged more than 10% lower.
The latest data from Crypto Fear & Greed Index It is shown that while “greed” introduces the general will, the preliminary push to $ 94,000 on April 23 delivered a higher reading.
Fear and greed measure 70/100 on May 12, while on April 23 it reached 72/100, just inch from the “Extreme Greed” territory.
The lower level of greed in front of the higher price can potentially signal a more sustainable price growth as investors fight the urge to act improperly.
Checking Google Trends volumes for “Bitcoin” in particular, market commentators come to similar conclusions.
Despite being close to new all-time highs, Bitcoin still does not attract significant main interests to retail.
Google searches searched for Bitcoin indicates that $ Btc is no longer a retail game.
Which proves my theory why CT is not crazy with a 100k $ Btc.
Graphic: @invest_answers pic.twitter.com/r56jjjqpzxa
– Westy (@obtwy_dev) May 11, 2025
“Google is looking for ‘Bitcoin’ close to a 5-year low. Price over 100K,” Vijay Selvam, author of “Bitcoin principles,” Summary to X over the weekend.
“The retail has not been properly checked back since 2020.”
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.
