Key points:
-
Bitcoin refuses to move with a narrow fork, as traders consider the probable direction.
-
The discovery of prices is highly expected, but downward predictions include levels around $ 90,000.
-
BTC / USD has delivered very patterned movements since the start of its rebound in April.
Bitcoin (BTC) kept the merchants guessing on May 16 at Wall Street, while consolidation triggered optimistic and lowering forecasts.
“Significant” liquidity is built around the BTC price
Cointelegraph Markets Pro and TradingView data showed a BTC / USD shuttle between $ 103,000 and $ 104,000 on the day.
Despite the flashing expectations, the latest American macroeconomic data in the form of the consumer price index (IPC) and the price index of producers (PPI) on May 13 and 15, respectively, did not influence a strong influence on the short -term behavior of prices.
Instead, merchants focused on the last Bitcoin consolidation phase at less than 10% of the new summits of all time.
“$ BTC does about the same thing from April. Montez, tight consolidation, new step,” wrote popular merchant Daan Crypto Trades in part of the current X analysis.
“Keep an eye on this local range and wait for a break in one or the other direction would be my recommendation.”
A separate position was noted with thick liquidity on each side of the price, potentially offering short -term targets if BTC / USD comes out of its narrow beach.
$ BTC Liquidation card showing a large cluster at $ 105,000 at $ 106,000 and a ton that is between $ 99,000 and $ 103,000.
This makes sense because these are the high / bottom of the current small range in which we consolidate last week.
Lately, we have seen a lot of similar consolidations and we … pic.twitter.com/y387v1wzsc
– Daan Crypto Trades (@daancryptto) May 16, 2025
“Note the massive concentration of long liquidations closely touched just below the current price, in particular around 10280-10300? This represents a significant liquidity basin”, continued its trunk.
“Slorts are more high. This imbalance makes the area below a key area to monitor. It could act as a price magnet, or a trigger point for cascade liquidations if the price drops. ”
Another popular merchant, Crypto Caesar, suggested that a break in the range could be deeper and go further below the $ 100,000 mark.
“If the price breaks and holds above this area, we could see new crazy summits,” he told X subscribers, referring to a bullish crossover on the weekly indicator of the convergence / divergence of the mobile average (MacD).
“However: a rejection here could lead to a decline to $ 90,000.”
A Bitcoin Rinse and-Repeat break?
Like Daan Crypto Trades, analyst Kevin Svenson wanted to see a continuation of the start -up rebound in place since April.
In relation: Bitcoin hitting $ 220,000 “reasonable” in 2025, explains gold -based forecasts
Analyzing 4 -hour deadlines of the day, he delivered his next BTC / USD target inside the discovery of prices.
“Until now, the displacement extrapolations measured from each stage in this race have been precise,” he wrote.
“If this trend continues, if this model is valid, the next target is $ 115,000.”
Earlier, Cointtelegraph reported on various BTC price forecasts now in force, commentators massively promoting the increase afterwards.
In rear zoom, $ 1 million per room can come true in three years or even earlier, according to the former CEO of Bitmex, Arthur Hayes.
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.
