The main dishes to remember:
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A bitcoin price at the end of the month, the closure of more than $ 102,400 would establish the highest monthly fence, proving that the upper market continues at a quick pace.
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More than $ 3 billion in short Bitcoin positions are vulnerable above $ 107,000, creating a “liquidation magnet” which could send the BTC price to new heights.
Bitcoin (BTC) It is 11 days before the potential implementation of its highest monthly closure in history. After reaching a weekly record of $ 106,407 on May 18, BTC could get a new monthly summit by closing more than $ 102,400 this month.
Regarding its current market trend, Bitcoin is a few centimeters from a period of “price discovery”, as Noticed by Crypto Trader Jelle.
The discovery of prices in this context refers to the process where buyers and sellers interact in a range not defined or not negotiated to determine the market price of an asset.
A break above the top of all bitcoin times of $ 110,000 would initiate a price discovery phase, leading BTC to an unexplored negotiation range with higher successive summits until market players establish a new balance between supply and demand.
Cointelegraph reported This bitcoin is about to confirm a “gold cross” on its daily graphic, which has historically preceded 45% to 60% price rallies. Such a decision coincides with the probability that BTC will reach new heights this month.
A monthly fence nearly $ 110,000 would mark a gain of 15% to 17% for Bitcoin in May, its strongest performance in May since 2019. Average monthly return 8% for the month.
Related: Bitcoin signals a golden cross – What does that mean for the BTC price?
Bitcoin would vaporize “shorts” greater than $ 107,000
Bitcoin researcher Axel Adler Jr. noted A key technical model in the current Bitcoin bull cycle, pointing to three recent cases of “compression” – a period of tightening price ranges – measured by driving maximum / minimum over 180 days.
The graph indicates that this compression often signals an imminent break, with a historic precedent set by the 2017 rally when Bitcoin increased to $ 20,000 against 1,000.
The use of Bollinger strips next to the price range suggests that volatility is built in the current cycle. The third compression phase in 2025 reflects the 2017 cycle, where the events of half Bitcoins and the fueled shocks fueled the FOMO of retail, leading the main price rallies.
From the point of view of the Bitcoin liquidation, more than $ 3 billion in leverages are threatened to be liquidated if the BTC price increases to $ 110,000 against $ 105,000. On the other hand, it would take a drop to $ 94,612 to trigger a similar amount in long liquidations. This bias suggests a higher probability that the price pushes up to chase liquidity on the side of the sale rather than lower.
Technical analyst Gert Van Lagen noted Outlook, declaring,
“A liquidation magnet shines above $ 107,000, ready to spray billions of shorts. First, BTC climbed on fear. Then this will increase on liquidations. ”
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.