Amid the online TROMP-Musk hostility, Bitcoin (BTC) was hovering in medium and low areas of the local price range, reaching a minimum level for one month near the support of $ 100,000. However, some analysts indicate that the cryptocurrency is preparing for “real” jumping towards the highest new level (ATH)

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Bitcoin prepares for “Breakout Real”

Over the past 24 hours, Bitcoin has seen great fluctuations in the Internet dispute between US President Donald Trump, Tysella and Malik X Elon Musk. The pioneering price of Crypto took a victory on Thursday afternoon, after it decreased by more than 5 % from the level of $ 105,000 to the support of $ 100,000.

Before withdrawing, BTC was trying to restore its local medium -term area after its last performance. It is worth noting that the cryptocurrency was circulated sideways after its ATH gathering to 111,980 dollars, as it hovers between 106,800 dollars and 109,700 dollars.

However, the cryptocurrency lost the main support $ 106,800 amid the market’s decline last week, which witnessed Bitcoin’s decline to $ 102,000 during the weekend. Since then, BTC has been trying to restore the current levels.

After yesterday’s decrease, the largest cryptocurrency increased by 4.5 %, increasing the level of $ 104,000. Crypto Trader Coinvo highlighted the BTC scheme for one year, indicating the similar appearance price between 2024 and 2025.

According to the graphic drawing, Bitcoin recorded its first major pump after restoring the annual opening level, as it was combined within its new range for weeks before climbing to Q1 2024 ATH.

This year, the encrypted currency had a similar performance, despite its delay, as it regained the annual opening scope and the first increase in the main prices in May.

Likewise, analyst Alex Clay suggested that Bitcoin is preparing for “real penetration” after re -tests to resist medium -term areas in the first quarter of 2025 and “wrong” last month.

For the analyst, “We have been liquid under the broken supply area. We are now looking for a real outbreak” towards the sign of $ 120,000.

BTC price ranging for two weeks?

The repetition expert indicated that Bitcoin offers a 3 -week bullfish formation, as the lower boundaries sit around the level of 101,000 dollars. After the last prices drop, the BTC wore from that region, and it can be launched from the style if it regains a $ 105,000 barrier as support, and targeting levels between 118,000 to 120,000 dollars.

At the same time, the Daan Crypto market has highlighted that its price is now trading in the middle of the range again, near the monthly opening price. For the trader, “it is safe to assume that this high/low range is good players for any larger direction that follows”, as BTC had “a relatively large step in the early month.”

As he explained earlier, Bitcoin tends to a high or low selection per month during the first week of the month, followed by a reflection in the opposite direction and the continuation of the direction until a new month begins.

Accordingly, he warned that if the price drops below its lowest level yesterday, this will continue in the direction for a week or two, which shows “weakness and confirmation of greater correction.”

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However, if the price rises up from the highest monthly levels, about 106,700 dollars, “the correction is likely to end, and there is a good possibility to go to its highest levels ever.”

He concluded by saying: “A good opportunity to range around this area for a period of time, though, without any of these levels broken.”

As of the writing of these lines, Bitcoin is trading at $ 104,224, an increase of 2.6 % in the daily time frame.

Distinctive photo of Unsplash.com, Chart from Tradingview.com