Most necessary snack:
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Bitcoin's $ 109,458 of all time has been alignment with seven consecutive Green Weekly Candles since April and underline the strength of the present bullish dynamics.
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Analysts expect BTC 2025 to achieve between 135,000 and 320,000 US dollars.
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BTC Heatmaps show high -quality zones that may trigger liquidations. Risk management is due to this fact of crucial importance.
On May 21, Bitcoin (BTC) achieved a brand new all-time high of $ 109,458 on Binance and marked seven consecutive weekly candles in a row for the reason that price was canceled from $ 74,500.
Bitcoin 1-week diagram. Source: CoinTelegraph/Tradingview
When Bitcoin closes the present weekly candle over 106,500 US dollars on May 25, it will mark the longest strip on consecutive Green Weekly Caskly since October 2023.
In addition to a brand new all-time high, Bitcoins reached market capitalization and in addition achieved CAP latest heights of $ 2.17 trillion and $ 911.5 billion, as found by Glassnode.
Bitcoin bulls aim at higher prices over 110,000 USD
Crypto Trader Titan from Crypto found with bullish dynamics on the BTC side that a Bitcoin price destination for $ 135,000 for 2025 stays in “Play”. In the past two years, the return has been pursued with regard to an important wedding resistance and support levels to support the Fibonaccici extension award. In the forecast, the Fibonacci extension tool is used, which identifies the value goals by measuring the previous price -swings.
The table is aimed toward 135,000 to $ 140,000 US dollars and identifies a possible goal.
The experienced dealer Peter Brandt recognized BTCS Neuer higher, but identified that such milestones are “not technically significant” on bull markets. The dealer said
“Bull markets make ATHS continuously. It is the definition of a bull market. On the appropriate path for 125,000 to 150,000 US dollars until the top of August?”
In comparison, the technical analyst Gert van Langen placed a much higher price level between 300,000 and 320,000 US dollars. In a recent X-contribution, van Lagen identified Bitcoins outbreak from a 4-year Bullian Megaphone pattern, which is characterised by different trend lines with higher heights and lower lows and signaled a possible sharp upward trend after breaking the upper resistance.
Using the Elliott Wave theory, the analyst found that BTC is within the last wave 5 of an impulse cycle and supports the bullish case for an additional 170% to 190% Bitcoin rally.
While the markets are directed towards euphoria, João Wedson, CEO von Alphractal, really useful caution and patience for investors. The analyst found that BTC Heatmaps have the value movement towards high -ranking zones, which indicates that market manufacturers aim at liquidations to over -conscious dealers.
Wedson emphasized that public obsession through latest all -time highs could create traps for each bulls and for bears. It is due to this fact essential to “all the time manage your risk”.
This article doesn’t contain investment advice or recommendations. Every investment and trade movement is the danger, and readers should perform their very own research results in the event that they make a call.
