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After reaching a hollow of a week on Thursday, Bitcoin (BTC) tries to recover the key area from $ 104,000 to $ 105,000 as a support, but some analysts have warned that a visit to the bottom of its range could be in the future in the short term BTC if volatility continues.
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Bitcoin to continue agitated performance
On Thursday afternoon, Bitcoin dropped 5.5% for the support of $ 102,000 fed by the news of the Iran-Israel conflict. In the middle of the market decline, the flagship crypto failed To contain its fork from $ 108,000 to $ 110,000 of three days, falling to the intermediate zone of its range of small after-November groups.
In particular, BTC had just recovered from last week’s retest of $ 100,000, recovering the key area of $ 106,800 as support earlier this week. Daan Crypto Trades note That the cryptocurrency “saw a clear trigger on this retaining of the high range”, trained by the big titles of the turmoil of the Middle East, because it is “still quite volatile and a market focused on the currently phase”.
Bitcoin took The liquidity above and below its local price range, explained the analyst, adding that he “already begins to exchange more as the Saccadé summer environment (pre) that he had planned.
Despite the drop, the analyst stressed that the high beach remains the key level for a larger movement:
I think the high range is a key area for bulls. Otherwise, I think there is a case to do so that a premises are installed and so that the market returns further in this range. At this point, I am quite certain that if the price breaks is the current monthly top or lower, it will continue to tend to this direction for the rest of June (and perhaps beyond).
However, he suggested that investors are cautious until the price of the BTC breaks over the beach convincingly and maintains it as support on higher deadlines. “Do not cut yourself in the coming weeks / month”, he warned.
Volatility could send BTC to low -end
Analyst Carl Runefelt from The Moon Show highlighted A model with potential double head forming on the 4H graph of BTC, noting that if the price did not bounce compared to the previous descending resistance, recovered a week ago, it could still fall into the intermediate zone of its range.
According to the analysis, if it loses the mid -range, BTC could risk a new beach test bassAround the area from $ 90,000 to $ 92,000. Likewise, the Merlijn market supervisor suggested that Bitcoin could fill the lower CME gaps if the war story intensifies.
BTC opened two CME gaps between the end of April and early May, located at $ 92,500 respectively and $ 97,300. Nevertheless, the trader considers that this could serve as a reduction for investors, because the BTC “has already left higher CME differences open”, indicating that a rebound at the level is likely.
In addition, he noted that Bitcoin is display The same structure as last year, which could refer to a massive rally. In 2024, the cryptocurrency was faced with a rejection from a descending resistance to several months after its rally of all high time (ATH), which established the high level beach.
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According to the post, after the liquidity entry, BTC came out of the key trend line, was rejected from the high range and retested the downstream resistance as a support before a new rally.
In 2025, Bitcoin seems to follow this path, currently restless The descending resistance after the breakup. “If you know the model, you know what comes then,” he concluded.
Star image of Unsplash.com, tradingView.com graphic
