Bitcoin breakout odds climb as all-time highs meet $90K dip warning

3 weeks ago

Key points:

Bitcoin refuses to budge from a constrictive scope arsenic traders see the apt breakout direction.
Price find is keenly awaited, but downside predictions see levels further toward $90,000.
BTC/USD has delivered highly patterned moves since its rebound began successful April.

Bitcoin (BTC) kept traders guessing astatine the May 16 Wall Street unfastened arsenic consolidation sparked some bullish and bearish forecasts.

“Significant” liquidity builds astir BTC price

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shuttling betwixt $103,000 and $104,000 connected the day.

Despite beating expectations, the latest US macroeconomic information successful the signifier of the Consumer Price Index (CPI) and Producer Price Index (PPI) prints connected May 13 and 15, respectively, failed to exert a beardown influence connected short-term terms behavior.

Instead, traders focused connected Bitcoin’s latest consolidation phase little than 10% distant from caller all-time highs.

“$BTC Has been doing astir the aforesaid happening since the April lows. Move up, choky consolidation, caller limb up,” fashionable trader Daan Crypto Trades wrote successful portion of ongoing X analysis.

“Keep an oculus connected this section scope and hold for a breakout to either absorption would beryllium my recommendation.”

A abstracted station noted areas of heavy liquidity connected either broadside of the price, perchance providing near-term targets should BTC/USD exit its constrictive range.

$BTC Liquidation Map showing a ample clump astatine $105K-$106K and a ton sitting betwixt $99K-$103K.

This makes consciousness arsenic these are the highs/lows of the existent tiny scope we're consolidating successful for the past week oregon so.

Lately, we've seen a batch of akin consolidations and we… pic.twitter.com/y387V1WzsC

— Daan Crypto Trades (@DaanCrypto) May 16, 2025

“Notice the monolithic attraction of agelong liquidations clustered tightly conscionable beneath the existent price, peculiarly astir 10280-10300? This represents a important excavation of liquidity,” chap trading TheKingfisher continued.

“Shorts are much dispersed retired higher up. This imbalance makes the portion beneath a cardinal country to watch. It could enactment arsenic a terms magnet, oregon a trigger constituent for cascading liquidations if terms moves down.”

Another fashionable trader, Crypto Caesar, suggested that a scope breakout could tally deeper and instrumentality Bitcoin further beneath the $100,000 mark.

“If terms breaks and holds supra this zone, we could spot caller brainsick highs,” helium told X followers, referencing a bullish crossover connected the play moving mean convergence/divergence (MACD) indicator.

“However: a rejection close present mightiness pb to a pullback toward $90K.”

A rinse-and-repeat Bitcoin breakout?

Like Daan Crypto Trades, expert Kevin Svenson was keen to spot a continuation of the stop-start rebound successful spot since April.

Analyzing 4-hour timeframes connected the day, helium delivered his adjacent upside BTC/USD people good wrong terms discovery.

“So far, the measured determination extrapolations of each limb up successful this tally person been pinpoint accurate,” helium wrote.

“If this inclination continues, if this signifier holds, the adjacent people is $115,000.”

Earlier, Cointelegraph reported connected a assortment of BTC terms predictions present successful force, with commentators overwhelmingly favoring upside next.

Zooming out, $1 cardinal per coin whitethorn go world successful three years’ clip oregon adjacent sooner, according to erstwhile BitMEX CEO Arthur Hayes.

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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