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After reaching the lowest level of the week on Thursday, Bitcoin (BTC) tries to restore an area of ​​104,000-105,000 dollars as support, but some analysts have warned that visiting its lowest levels in Range may be in the future of BTC in the short term if fluctuation continues.
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Bitcoin to continue the shrink performance
On Thursday afternoon, Bitcoin decreased by 5.5 % to the support of $ 102,000, supported by news of Iran and Israel’s conflict. Amid the decline in the market, the leading Crypto company failed to retain a set of 108,000 dollars to $ 110,000, as it decreased to the middle of the post -November region.
It is worth noting that BTC has just recovered from the re -test last week at a level of 100,000 dollars, and the restoration of a 106,800 dollar area as support earlier this week. Dan Tafir Trading male The encrypted currency “has witnessed a clear operator on this high scope test”, driven by the main headlines of the Middle East disturbances, as it “is still a volatile market and is currently dependent on the title.”
The analyst explained that Bitcoin took liquidity higher and less than the local price range, adding that “it has already started trading similar to the volatile summer environment (before).”
Despite the decrease, the analyst highlighted that the high range remains the main level of a greater movement:
I think the high range is a major area for bulls to stick to it. If not, I think there is a situation that is presented in order to put the highest local level and to restore the market again in this range. At this stage, I am completely sure that if the price is broken either the current monthly or low, then this trend will continue to the rest of June (and perhaps after that).
However, it has suggested that the investors be careful until the price of BTC returns to a convincingly high range and carries it as support for the higher time frames. “Do not cut yourself in the next few weeks/months,” to caution.
Volatility can send BTC to the domain drops
Analyst Karl Ronville from the moon’s width High Possible higher models on the BTC 4H graph, noting that if the price does not wear from the previous concession resistance, which was reclaimed a week ago, it may decrease to the medium areas of its scope.
According to the analysis, if you lose the average range, BTC may risk re -testing the domain drops, about $ 90,000 to $ 92,000. Likewise, the Marlijn Market Observer suggested that trading suggested that Bitcoin could fill the lower CME gaps if the war is intensified.
BTC opened two CME gap between the end of April and the beginning of May, located at the level of 92,500 dollars and 97,300 dollars, respectively. However, the trader considers that this could be a discount for investors, as BTC “has already left CME gaps higher”, indicating that the bounce is likely.
Moreover, he indicated that bitcoin an offer The same structure last year, which can hint at a large gathering in fermentation. In 2024, the cryptocurrency faced the rejection of multiple convergence resistance after its high gathering (ATH) at all, which determines the high level.
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According to The Post, after the seizure of liquidity, BTC was rejected from the main landline line, which was rejected from the high range, and the concession resistance was re -tested as support before a new gathering.
In 2025, Bitcoin appears to follow this path, which is currently re -testing the concession resistance after the penetration. “If you know the style, then you know what comes after that.”
Distinctive photo of Unsplash.com, Chart from Tradingview.com