Bitcoin (BTC) All-time has dropped 10% in a week because new support areas appear-where BTC price action head can be ahead?
Crypto traders and analysts weighed their market expectations as Bulls fight for $ 105,000 to finish Wall Street Trading Week.
Trader: Bitcoin bull market “probability” near its end
Bitcoin has taken a break from reverse this week, which returns to the levels seen in the last ten days in advance.
While the majority hopes that it will be a temporary consolidation phase before the reverse return, some are careful at being much more decency – and even look at the bull market when it ends soon.
Popular businessman Roman is among them. Based on the principle of reduction in each value cycle, they argue, the current bull run days are counted.
He said, “This cycle so far in 600%, in the last cycle we saw the 2,000%cycle before seeing 10,000%,” he wrote in one part of one. X thread On 28 May.
“If you have not noticed, the return is decreasing over time. It is likely that we are at the top or very close!”
Together the chart revealed the major support levels on a high deadline, with $ 105,000 as one of them.
One in Different postsRoman said he hoped that “some sideways action” returned to the game of $ 105,000 once.
The liquidation brings back $ 100,000 support
Other market participants are returning to a close level of the next $ 100,000 mark.
$ BTC – I am expecting the next 102k until 107K is rectified pic.twitter.com/eu9u7jfjet
– Marketwizard (@Marketwizard94) May 30, 2025
A look at the latest status of the exchange order book liquidity, meanwhile, reveals $ 103,000- $ 104,000 range as an area of immediate interest.
Below this, however, data from monitoring resources Coalus Shows that the six-eye stands slightly standing in the way of a drop below the border.
Trading Account Thekingfisher “Trading Account Trading Accounting Accounting Accounting Account Explained On the day on X.
Classic support lines wait for Ritest
Zooming Out, Onchen analytics platform Glasode marked three important support trend lines this week.
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Two daily simple moving averages (SMAS), it says, as well as a short -term holder, depending on the cost, the bull forms important levels for the market to come up.
111-day and 200-day SMAs currently sit with $ 92,100 and $ 94,700, respectively, per data Cointelegraph Market Pro And Tradingview,
“Technical matrix is used to evaluate the strength of bitcoin market speed and trend of bitcoin market.Week onchain,
“Historically, this level has served as a major range, often delimitation between local bulls and bear market rule.”
The base of the short -term holder cost is now $ 95,900.
“Currently, the price is trading above all three major levels, underlining the strength of the market rally since April,” says Glasanod.
“In particular, these pricing levels are closely aligned in the value, and this convergence provides a strong confluence around an important support area, a one that would be important to catch to maintain forward speed.”
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.
