The main dishes to remember:
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Bitcoin has a lower break from an ascending canal, with the risk of taking advantage of $ 106,000.
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A print lower than the American consumer price index (IPC) lower than Bitcoin could increase Bitcoin, but higher IPC can increase the lower pressure, resulting in price drop less than $ 100,000.
The Bitcoin price (BTC) reached an intra -day summit of $ 105,800 on May 12, but posted a decrease of $ 101,400 during the New York negotiation session. On the graph of the lower frame (LTF), BTC oscillated between an upward channel motif before presenting a downstream break under the lower beach of the pattern.
Regarding the bolt of BTC, the Alphracttal data analysis platform noted that the replay of the BTC almost $ 106,000, the resistance levels increased the probability of for profit. As illustrated in the graph, Bitcoin currently addresses the “Alpha price” area, where long -term holders or whales could make profits, according to Joao Wedson, CEO of Alphractal.
From the point of view of liquidation, the risk of a “long” pressure is also high, with more than $ 3.4 billion in long leverages at the risk of liquidation if prices fall to $ 100,000. This fork could act as a magnet for the price, leading to a retain near the psychological level.
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CPI data are looming as Bitcoin traders
The current BTC correction could reflect disintegration traders before leaving the consumer price index in the United States (ICC) on May 13. Previously, the March IPC, published on April 10, was 2.4%, down compared to 2.8%of February, despite a forecast of 2.5%. The April IPC should remain at 2.4%, due to regular energy prices in the middle of balanced oil production and wage growth moderator, softening pressure on price increases.
An IPC lower than Bitcoin is optimistic for Bitcoin, potentially signaling federal reserve rate drops in 2025, increasing risk assets such as actions and cryptocurrencies. Conversely, an IPC higher than expected could be lower, which raises inflation and strengthening the dollar, putting pressure on the BTC.
If the down pressure persists on BTC graphics even after printing the IPC, an immediate key area of interest remains between $ 100,500 and $ 99,700, a difference of fair value (FVG) on the four -hour table.
Another FVG remains between $ 98,680 and $ 97,363, which would represent a correction of 8% of recent summits.
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This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
