key points:
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Bitcoin RSI data creates a recession deviation, which receives traders in position for the next level.
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May Monthly Candle Close 11% Benefits, but the incident on radar for weekly closed market participants.
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Areas of interest include a psychologically important $ 100,000 mark with $ 97,000.
Bitcoin (BTC) After giving 11% profit by monthly candle close, on 1 June, 2024 all-time high demanded to preserve.
Bitcoin RSI Division Prime Traders for New Lews
data from Cointelegraph Market Pro And Tradingview BTC/USD tried to recover $ 105,000 weekly.
Throughout the week, the negative side bitcoins brought bitcoin into contact with the already important support levels in the bull market.
These were prominent Local head from December 17, 2024 About $ 104,450.
Commenting, the popular businessman Matthew Highland described the weekly close level as “decisive”.
#BTC Weekly shutdown now decisive pic.twitter.com/qfvhnvruba
– Matthew Highland (@matthewhyland_) May 30, 2025
Highland uploaded a chart showing the deviation of a recession between the price and relative power index (RSI) on the weekly time -boundary.
RSI is one Classic Trend Strength IndicatorWhich measures speed at the given price points.
Continuing, Crypto’s fellow Treder Titan warned that the deviation could be widespread implications for bulls.
“A potential RSI recession deviation is being built on the weekly chart. Still unconfirmed but worth seeing,” told X follower on 31 May.
Together the chart refers to the so -called fair value interval (FVGS), as measured by Fibonacci Retress levels, showing imbalances between buyers and sellers as the price is in its current field.
The two FVG areas of interest were $ 97,000 and $ 90,000.
Crypto’s Titan admitted, “After 50% runs, a coldness will not be a bad thing. A healthy market structure matters.”
BTC price “intact”
Based on the order book liquidity data, the trader Crypnuevo suggested that $ 100,000 may work because a price magnet should fall into the market.
Connected: How much can the price of bitcoin be reduced?
“This is a strong psychological level and liquidity pile to these levels. Potential reuse of this level first,” part of one X thread Read on the day.
Crypnuevo maintained confidence in the overall rapid market structure despite a decline of BTC/USD 8% compared to last week.
“I think we will probably leave up to $ 100K and play there for a few days – even a slight temporary decline below to shake the market will be understood.”
“But in the big picture, we have bull market support at $ 84K that is catching up to the price; uptrend is intact; liquidity is up.”
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
