Main takeout:
BTC liquidation level, onChain data and chart settings are converged with $ 100K goal.
Profitability increases, suggesting a rebound of market trust.
The BTC brake out pattern refers to $ 100k with short squeezes and happy magnets.
Bitcoin (BTC) suggests that if it blinks multiple technologies and onchain signals, it will be possible to rally $ 100,000 by May. Here are five charts for short -term brake out.
BTC Double Bottom gives a hint with a target of $ 100,600.
The BTC’s daily chart formed a double floor in the textbook and confirmed the failure on the neckline resistance for $ 47,643. This structure moves the measured measurement to more than $ 100,575.
Exercise indicators, such as the relative robbery index (RSI), remain in the strong territory with more space to support this paper. Meanwhile, the 50 -day, 200 and 200 -day index moving average (EMA) was supported to provide additional tail winds.
The volume has been steadily maintained after destruction, showing that the buyer is still controlled. This setting creates a powerful foundation for Bitcoin to push $ 100,600.
Bull Penant Settings Snow 6 -digit BTC Price
During the hour, the BTC integrates the inside of the bull penant along the sharp rally. This pattern shows a temporary uncertainty in which the following legs may be high. The goal is close to $ 100,900.
The penant is formed after a steep rise, suggesting that it may be a coil before the BTC price rises. In spite of the enemy volume, the structure remains intact and is supported by strong EMA alignment.
The brake out on the top trend line of Pennant can cause new rise and algorithms by causing new ascending exercise.
Bitcoin’s falling wedge brake out aims for $ 102,000.
The 3rd chart shows the finished fall wedge brake out and breaks the price of nearly $ 94,000. Expected movement aims for $ 102,270.
The falling wedges are usually optimistic reversal patterns, and the clean brake out of the BTC on the top trend line adds a technical guilty ruling. The price is also exceeding the 50-3D EMA, the main trend signal.
The volume has soared during the failure, suggesting a strong buyer’s conviction.
A $ 94,000-95,000 resistance is currently preventing Bitcoin’s attempts to rise. BTC means that BTC can quickly deliver complete measured movements to $ 100,000.
Binance Heatmap shows a liquidity magnet $ 100K
The liquidation data shows a thick cluster of about $ 100,000. This position often acts like a magnet, and market manufacturers set prices to find liquidity.
If BTC continues to climb, you can put pressure on a short seller who needs to exit.
relevant: $ 635m cleared in 24 hours as the merchant predicts $ 100K Bitcoin short pressure.
Liquidity map is often the front price. With this dense activity near 6 inches, the route of the minimum resistance appears in the short term.
Bitcoin profitability increases after destruction
According to GlassNode Data, 87.3%of Bitcoin’s circulation supply gained 87.3%. When BTC was traded last in early March, it increased from 82.7%.
The increase indicates that a large portion of the Bitcoin supply is a lower level during the March correction, reflecting the fresh accumulation.
Historically, the market tends to enter the buffer stage when the supply percentage of profit remains more than 90% for a long time. As profitability is now closer to the threshold, strong feelings are continuously built.
The BTC combines with a strong chart structure and a focused short liquidity overhead, allowing you to maintain potential movements with $ 100,000 by May.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.