Main takeout:
Bitcoin prices integrate about $ 105,000 as the liquidity increases in either side of the spot price.
The BTC/USD is recovering to build support after failing to reverse $ 106,000, but for Bitcoin traders, $ 100,000 is the core and level.
The price of Bitcoin (BTC) is traded at a price of 6% lower than the highest level of $ 111,900, and traders warn that $ 100,000 in June becomes a core and level, and assets can be “greater correction” in June.
Bitcoin price key support remains $ 100k
On May 8, Bitcoin has increased its level for more than three weeks due to the repetition of more than $ 100,000.
This is an important point of the radar of the trader and the radar that have not been recent recent reinvestigations.
Mn Capital founder Michael Van de Poppe found that he left Bitcoin for $ 104,300. After rejected at $ 106,000, BTC said it could fall lower before recovering the upward momentum.
The accompanying chart showed that $ 100,000 is a key level for watching BTC for four hours.
“Clear rejection of #Bitcoin suggests that we will see lower prices before we see upward momentum.”
Crypnuevo, a clear analyst, shared a chart that Bitcoin does not support $ 106,000 resistance.
“So we may probably go to a + 150ema psychological level of $ 1 billion.”
On the other hand, Alphabtc, a popular analyst, predicted a deeper correction that could lower the BTC price to $ 90,000 if $ 100,000 was lost.
“$ BTC will go sideways for a while because we are waiting for more hard data and FOMC on June 18 as the first week of June is in progress.”
As reported by Cointelegraph, BTC price behavior can support $ 100,000 based on GlassNode’s market value realization value (MVRV) band.
relevant: Bitcoin prices are less than $ 104K as Russia-Ukraine blames US stocks.
The liquidation is waiting for less than $ 100k
Some merchants saw their potential decline as the bidding spells under the spot price became thicker, and others made a cluster of less than $ 100,000.
Crypnuevo said in a separate post on X, “$ 100K is a powerful psychological level and liquidity tends to accumulate at this level.
According to the latest data from monitoring resources, the price has disappeared from the bid price of about $ 105,000, and the stock price has been clustered between the spot price and $ 100,000.
High bidding orders also increased to less than $ 100,000, with $ 170 million in liquidity amounted to about $ 93,200.
Conversely, the $ 112,500- $ 113,500 cluster was the main liquidity area.
Alphabtc said in X: “In both directions, the liquidity is significantly higher and there is an accumulation under the lowest point of the last few days.
“If $ BTC runs the lowest point and then comes back to take what’s left above, you won’t be surprised.”
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.