Key points:
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Bitcoin has been assisted by a battle between purchasing and sales volume while BTC / USD has reached its highest levels since the beginning of March.
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BTC Price Action makes merchants increasingly suspicious due to the pace of recent gains.
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$ 100,000 is likely to stay out of reach for the short term, according to several commentators.
Bitcoin (BTC) headed for key resistance after the opening of April 25 at Wall Street, because doubts about BTC prices have persisted.
Bitcoin sellers and buyers are fighting for control
Cointelegraph Markets Pro and TradingView data have shown that BTC / USD reaching new seven -week sum heights greater than $ 95,000.
Having kept its annual open at $ 93,500 as an intraday support, Bitcoin continued to liquidate short films with $ 100,000.
The latest data from Resource Coinglass surveillance show progress in increasing liquidity in the exchange books.
Daan’s crypto exchanges react and react highlighted the importance of the current price range in the context of the bitcoin bitcoin market.
“The trade above the bull’s market support band when we are talking about,” he wrote in a post X, referring to a group of moving medium-sized averages as support earlier in 2025.
“A weekly fence above this level would be a good look for the greatest deadline and I expected new peaks at a given time to what it is above.”
Others were cautious, with another Skewing merchant revealing a rope shot between a buyer and a large volume seller.
“The price would be much lower than now without the passive buyer corresponding to this market sale,” he warned alongside a printing of order book.
“Finally, we will throw the towel and volatility will follow.”
While waiting for a price of $ 100,000 in BTC “catalyst”
Continuing, Keith Alan, co -founder of the indicators of commercial resource equipment, also doubted that BTC / USD could maintain a trip over $ 95,000.
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Alan noted the decrease in volume as the price increased, the strands repeated below the annual opening and a signal “down” on one of the trading tools owned by equipment indicators.
“For me, a pump greater than $ 95,000 would invalidate the new signal, but I would probably consider such a decision as a short pressure unless I have a catalyst with a substance behind it,” he summed up.
Macroeconomic perspectives also favored a consolidation period before BTC / USD returned to six -digit.
In its latest subscriber telegram bulletin, the commercial company QCP Capital argued that Bitcoin had no “catalyst” of $ 100,000.
“Given the rhythm of the recent gathering, we remain tactically cautious,” he wrote.
“The positioning has become more congested, which could cause sharper reactions around the key levels. Market players seem to closely monitor the signs of continuation or exhaustion. ”
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.
