Basic Points:
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Bitcoin refused to budge from a narrow range as entrepreneurs consider the Breakout’s likely direction.
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Price discovery is diligently awaited, but downside predictions include levels of more than $ 90,000.
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BTC/USD has delivered high pattern motions since its rebound began in April.
Bitcoin (Btc) keeps entrepreneurs predicted on May 16 Wall Street open as the integration has caused both bullish and bearish forecasts.
“Significant” Liquid forms around the BTC price
Data from Cointelegraph Markets Pro and Tradingview BTC/USD shuttling showed between $ 103,000 and $ 104,000 in the day.
Despite defeating expectations, the latest US macroeconomic data in the form of consumer price index (CPI) and index price pricing (PPI) on May 13 and 15, respectively, failed at Conduct a strong influence to the conduct of short-term prices.
Instead, entrepreneurs are dedicated to Bitcoin’s Latest phase of integration Less than 10% away from new all-time highs.
“$ BTC has almost been doing the same thing since April lows. Switch, tight integration —Is new leg up,” famous businessman Daan Crypto Trades write In the part of the ongoing examination of X.
“Consider this local range and wait for a breakout in any direction is my recommendation.”
A separate post mentioned areas of thick liquidity on both sides of the price, which potentially provide close targets should the BTC/USD narrow its narrow range.
$ Btc Liquidation map showing a huge cluster at $ 105k- $ 106k and a ton seated between $ 99k- $ 103k.
This makes sense because they are the highs/lows of the current small range we combined in the past week or more.
Recently, we have seen a lot of similar companions and we … pic.twitter.com/y387v1wzscc
– road crypto trades (@daancrypto) May 16, 2025
“Notice the massive concentration of long prevention strictly spreading below the current price, especially around 10280-10300? It represents a significant pool of liquidity,” fellow trading thekingfisher continued.
“Shorts are spreading more and more. This imbalance makes the zone below a basic place to watch. It can act as a magnet price, or a point of triggering for cascading fluids if the price moves.”
Another popular businessman, Crypto Caesar, suggested that a range breakout could run deeper and get the bitcoin below the $ 100,000 mark.
“If the price breaks and holds above this zone, we will see new crazy highs,” he said X followers, refer to a Bullish crossover In the weekly transfer of average convergence/difference -a (MACD) indicator.
“However: A decline here can lead to a pullback towards $ 90k.”
A rinse-and-repeating Bitcoin breakout?
Like road crypto trades, analyst Kevin Svenson has been diligently seeing a stop-start rebound continuation of the area since April.
Related: Bitcoin hit $ 220k ‘reasonable’ in 2025, says the gold -based forecast
Examining 4 -hour hours during the day, he delivered his next reversed BTC/USD target within price discovery.
“So far, the measured transfer of extrapolations of each leg until this run is accurately defined,” he write.
“If this trend continues, if this pattern holds, the next target is $ 115,000.”
Earlier, Cointelegraph reported In various BTC price predictions are now being forced, with commentators who are deeply favored by the next.
Pag -Zoom Out, $ 1 Million per coin can be reality in Three years old or earlierAccording to former Bitmex CEO Arthur Hayes.
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.
