Main takeout:
At the end of the month, the Bitcoin price of $ 102,400 will be set with the highest monthly finish, proving that the bull market continues rapidly.
Bitcoin’s short position creates a “liquidation magnet” that allows more than $ 3 billion to $ 107,000, making BTC prices in a new high.
Bitcoin (BTC) has been 11 days since the closest monthly candle in history. After achieving a $ 106,407 record every week on May 18, BTC was able to secure the highest monthly month by over $ 102,400 this month.
Regarding the current market trend, Bitcoin is 1 inch from the ‘Discovery’ period, as mentioned by Crypto Trader Jelle.
In this context, price detection refers to a process that determines the market price of assets by interacting with buyers and sellers in an unexpected or trade range.
If Bitcoin exceeds $ 110,000, the price discovery stage will begin, and the BTC will lead to a high high -end BTC until the market participant sets a new equilibrium between supply and demand.
Cointelegraph has reported that Bitcoin is close to checking “Golden Cross” in a daily chart. This movement matches the probability of BTC’s new high this month.
Nearly $ 110,000 per month increased 17% from 15% of Bitcoin in May, the most powerful May since 2019. This will surpass the average monthly rate of 8%per month.
Related: Bitcoin signals the golden cross. What does the BTC price mean?
Bitcoin is vulnerable to more than $ 107,000 ‘shorts’
AXEL Adler Jr., a researcher at Bitcoin, pointed out three cases of three “compression prices” consisting of maximum/minimum value for maximum/minimum 180 days, paying attention to major technical patterns in Bitcoin’s current bull cycle.
This chart shows that the compression often signals the failure of imminent breakouts and the historical precedent is set by the 2017 rally when the Bitcoin surge from $ 1,000 to $ 20,000.
Using the Bollinger Band with the price range suggests that volatility is currently being built within the period. The third compression stage of 2025 reflects the 2017 cycle in which the retail store is fueled by half -bitcoin’s half events and supply shocks.
If the BTC price travels from $ 105,000 to $ 110,000 at the advantage of Bitcoin liquidation, there is a risk of clearing a short leverage position of more than $ 3 billion. In contrast, it falls to $ 94,612 to trigger a similar amount in long liquidation. This twist suggests that the price is not lowered even lower and the price is likely to increase to pursue liquidity.
Technical analyst Gert Van Lagen mentioned a similar outlook.
“The liquidation magnet is shining over $ 107K, and is ready to evaporate billions of dollars of shorts. First, BTC has risen to fear. Next will increase liquidation.”
Related: It shows that Bitcoin trading BTC in 6-digit territory is ready to carry gold ‘Baton’ -Fidelity Exec
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.