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Although the last 24 hours have been characterized by heavy salesBitcoin still holds above $ 100,000, a merchant about $ 103,700 at the time of the editorial staff. In particular, signs of exhaustion are also starts to surface for BitcoinEspecially in the last 48 hours.
While the long-term indicators suggest an upward continuation for the price of Bitcoin, short-term models indicate a ventilation of bullish force, especially since cryptocurrency approaches the critical support area of $ 100,000.
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This feeling is relayed by the popular analyst of Crypto Willy Woo, who shared the Good and bad news Based on current Bitcoin techniques.
Good news: a long -term bull signal always intact
According to Woo, one of the strongest long -term signals, the Bitcoin risk signal, is currently down. This decrease indicates that the liquidity of the purchase is currently dominant in the long -term environment, preparing the track for another strong leg upwards.
The lower risk reading, the more sure it is to hold or accumulate bitcoin, and the current drop in this signal shows a relatively low risk environment for long -term investors.
Woo noted that this long-term configuration is intact, and with the Bitcoin trading far above the six-digit psychological brand, the momentum is still long -term bull favor.
At the time of writing the editorial time, the local risk model, as shown in the graph below, is currently in the mid-range, having decreased cutting-edge levels at the beginning of 2025, and should continue to decrease. In another analysis, Willy Woo noted that the next significant decision could push him over $ 114,000 and trigger short position liquidations.
Bad news for the price of bitcoin
Although the long -term image is always favorable, short -term models, including speculation and SOPR (spend exit ratio) metrics, flash the prudence. Using this indicator, Woo noted that The strength of the gathering of $ 75,000 to $ 112,000 began to weaken, in particular with a flat capital influx in the last three days.
By keeping this in mind, the action of Bitcoin prices this week is essential. “If we do not get follow -up, then we will be ready for another period of consolidation”, said the analyst. If the purchase of spots fails to resume strongly in the coming week, which is the first week of June, especially with the American markets which reopening after a long weekend, there will be a chance for a lower pivot.
Good and bad news can be summed up as follows: if the purchase of pressure opens rapidly, Bitcoin could exceed $ 114,000 and go to the next main liquidity zone between $ 118,000 and $ 120,000. The failure to push higher could Confirm the downward divergences And prepare the ground for another consolidation cycle.
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At the time of writing this document, Bitcoin is negotiated at 103,700, down 1.5% and 3.9% in the last 24 hours and seven days, respectively.
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