Basic Points:
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Bitcoin tags are $ 108,000 for the first time since its current all-time highs in January.
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Entrepreneurs and analysts mention the support of up to $ 90,000, but the likelihood of a retest is fading.
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The closely reversed targets include a “blow-off top” at $ 128,000.
Bitcoin (Btc) spiked to more than $ 108,000 on May 21, marking the new four months high-where BTC/USD will follow?
Crypto entrepreneurs and analysts have lined up their forecasts with BTC price action less than 1.5% away from new hours.
BTC price support test today is “more likely”
Bitcoin continues to coil below what is now the most significant obstacle to psychological resistance – All the time highs of January.
At $ 109,356 in bitstamp, per data from Cointelegraph Markets Pro and TradingviewThe seminal line in the sand is what Bulls are trying to bring back to play this week.
Volatility is selective – BTC/USD has dropped nearly $ 1,000 in minutes following its move that has passed $ 108,000, with entrepreneurs who are trying to position around the price of the area.
GM 🥂$ Btc shortened. pic.twitter.com/nvfykunhu1
– BrutalBTC (@BrutalBTC) May 21, 2025
Order booking data from the tracking resource Coinglass Showed thickening bid support just below $ 106,000 at the time of writing.
Commenting, Keith Alan, co-founder of material trade material indicators, highlighted some moving average (MAS), the $ 100,000 mark, and the 2025 annual open as potential long-term retest support zones.
The highest of these, the 21-day MA, stands at $ 101,640 a day.
“The 50-day MA is in a trajectory in the Golden Cross with the 200-day MA on a tight range in connection with the trend line and the 2025 yo,” he wrote in part of his Latest post on x.
“You can’t request stronger technical support than that.”
Alan argued that a deeper secret to support would boost the overall recovery of Bitcoin and help boost the odds of handling higher levels.
“I personally consider a dump at that level of a gift, but at this point I don’t think it’s probably one. In fact the additional 21-day MA (green) gets from $ 100K, the more likely we are to get the trial support I’m looking for,” he concluded.
“Whether BTC has retesting $ 100k or not, I’m happy to see a merge -with this range before the next leg.”
Traders expect Bitcoin to go to $ 128,000 to the next
Crypto entrepreneur, analyst and businessman Michaël van de Poppe will hold similar views on support levels to handle.
Related: Sorry Bear – Bitcoin analysis removes $ 107k BTC Price Double Top
Both $ 91,800 and $ 100,700 feature in its latest review, with the latter described as a “point of interest.”
“It’s always been a good morning with Bitcoin at $ 108,000 and close to a new ATH,” he Summary During the day.
In a Separate x postVan de Poppe said the new all-time highs are approaching “faster than he expected.”
The $ 120,000, he argued, was one of the many “close” targets reaching up to $ 200,000.
Everywhere, popular businessman Merlijn has come up with $ 116,000 as next The target short -term price of BTCSeeing BTC/USD “exploding” out of a integration -sa.
Huge bullish Bitcoin Pennant Breakout!$ Btc coiled for days now is exploding.
This pennant score at $ 116k … and it just starts.
Take the wave or watch it fly. pic.twitter.com/lyox33tjp4
– Merlin the entrepreneur (@merlijntrader) May 21, 2025
Meanwhile, fellow businessmen Henry rose to the target at $ 128,000 as a “blow-off top” while also recognizing support areas of $ 105,000 and $ 96,000.
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.
