Bitcoin markets can be for another prolonged integration period if there is no more pressure purchase this week, says analyst Willy Woo.
The strength of bitcoin’s (Btc) run from $ 75,000 on April 7 to all times high only to less than $ 112,000 on May 22 “begins to break,” woo write on X on May 28.
“This week is completely critical,” he said. “If we can’t get a follow-through, we’ll be up for another merge period.”
Woo said that in the short term, the “late comer speculators” take a long position while the potential income extraction “is ready to dump” as seen in Bitcoin spent the output profit ratio (SOPR), which is a scale of price paid by the price sold.
“Buying a place this week will strongly influence the next 1-2 months of price action. We are in a pivot zone.”
On the positive side, he said that the risk signal decreases below, explaining that “buying liquidity is dominant” in the wider environment. “We set up for another solid running for a long time,” he said.
Related: Bitcoin price will reach $ 130k or even $ 1.5m, says top bulls
This week’s rebound on US Consumer sentiment can help boost the market risk in the short time, Bitunix analysts said in a note shared with the cointelegraph.
“We need to be alert to the technical pressure of the zone and the risk of a potential pullback,” they say, increasing the short -term bitcoin pressure is around $ 110,800, where most previous rebounds have stopped, and which is the major war between bulls and bears.
“Support $ 108,000 has been the main long defense zone over the past two days. If it breaks, it can trigger the income pressure pressure and become a short bias structure.”
Bitcoin’s big price prediction
Meanwhile, President Donald Trump eldest sonDonald Jr. and Eric, both of Bitcoin thinks that could clear $ 170,000 by the end of 2026, according to their Predictions At the stage at the Bitcoin 2025 conference in Las Vegas, on May 28th.
The Bitcoin pioneer Adam Back has a bolder guess to go to BTC $ 1 million In 5 years.
Adam just said #Bitcoin Will go to $ 1 million in 5 years 🚀 pic.twitter.com/ba3toew3mg
– The Bitcoin Conference (@thebitcoinconf) May 28, 2025
Bitcoin traded at $ 107,785 on Coinbase at the time of writing, According to In tradingview.
It slipped 1.2% in the past 24 hours and failed to get more momentum above $ 108,000 in early trading on May 29th.
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