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In the middle of the online Trump-Musk quarrel, Bitcoin (BTC) hovered in the medium and bottom areas of its local price fork, reaching a lower support of $ 100,000. However, some analysts suggest that cryptocurrency is preparing for “real” price jumping to a new summit of all time (ATH)
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Bitcoin is preparing for “real breakdown”
In the past 24 hours, Bitcoin has experienced a volatility Fueled by the online quarrel between US President Donald Trump and Tesla and the owner of X Elon Musk. The flagship price of the Crypto made a blow on Thursday afternoon after falling by more than 5% of the level of $ 105,000 in support of $ 100,000.
Before the withdrawal, BTC had tried to recover its local mid -range area after its recent performance. In particular, the cryptocurrency exchanged laterally after its ATH rally at $ 111,980, oscillating between the fork of $ 106,800 and $ 109,700.
However, the cryptocurrency lost the key support of $ 106,800 in the middle of the retracement of the market last week, which saw Bitcoin fall at $ 102,000 during the weekend. Since then, BTC has tried to recover the current levels.
After yesterday’s drop, the largest cryptocurrency by market capitalization increased by 4.5%, climbing above $ 104,000. Crypto Trader Coinvo has highlighted the graphic of one year of BTC, pointing to the action of similar prices between 2024 and 2025.
According to the graph, Bitcoin recorded its first major pump after recovering its annual opening level, consolidating itself in its new range for weeks before switching to its first quarter of 2024 ATH.
This year, the cryptocurrency had a similar performance, although delayed, after having recovered the annual opening range and increased to the first major price wave in May.
Likewise, analyst Alex Clay suggested This Bitcoin is preparing for “brilliant reality” after its resistance retests of the range in mid-zones in the first quarter of 2025 and a “false” break last month.
For the analyst, “we have seized the liquidity below the broken supply area. Now is looking for a real escape ”towards the $ 120,000 mark.
BTC Price varied by two weeks?
Cryptonomist note This Bitcoin displays a 3 -week bullish fall hold formation, with the lower limit sitting around the level of $ 101,000. After the recent drop in prices, BTC rebounded in this area and could get out of the model if it recovers the barrier from $ 105,000 as a support, targeting the levels from $ 118,000 to $ 120,000.
Meanwhile, Market Watcher Daan Crypto Trades highlighted That its price is now negotiated again in the mid -range, near the monthly opening price. For the merchant, “it is sure enough to assume that these high / low ranges are good triggers for the biggest trend”, because BTC had a “relatively important movement at the beginning of the month”.
As he previously has explainBitcoin tends to adjust his top or low monthly during the first week of the month, followed by a reversal in the opposite direction and a continuation of trend until a new month begins.
Based on this, he warned that if the price drops below yesterday, it will continue to look for a week or two, displaying “weakness and confirming a greater correction.”
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However, if prices exceed the monthly heights, around the $ 106,700 mark, “the correction is more likely to be finished and there is a good probability that we are heading for peaks of all time and beyond.”
“Good chances that we were going in this area for a certain time, however, without these levels breaking,” he concluded.
To date, Bitcoin is negotiated at $ 104,224, an increase of 2.6% of the daily time.
Star image of Unsplash.com, tradingView.com graphic
