Key points:
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Bitcoin refuses to move from a narrow range, since merchants consider the probable direction of rupture.
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Price discovery is highly anticipated, but downward predictions include more around $ 90,000.
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BTC/USD has delivered highly stamped movements since its rebound began in April.
Bitcoin (BTC) kept merchants by guessing in the Wall Street Open of May 16, since consolidation caused bullish and bassist forecasts.
“Significant” liquuidity is developed around the price of BTC
Co -Intelegraph Markets Pro and TrainingView data showed that BTC/USD transmitted between $ 103000 and $ 104,000 in the day.
Despite the higher expectations, the latest macroconic data in the US. In the form of the consumer price index (CPI) and the producer price index (PPI) printed on May 13 and 15, respectively, they did not achieve a strong influence on the behavior of short -term prices.
Instead, merchants focused on the last Bitcoin consolidation phase to 10% of the new maximums of all time.
“$ BTC has been doing more or less what since April.
“Be aware of this local range and wait for a break to any direction to be my recommendation.”
A separate publication noted with thick liquuidity on each side of the price, potentially providing short -term objectives in case BTC/USD leaves its narrow range.
$ BTC Liquidation map showing a large group at $ 105k- $ 106k and a ton between $ 99k- $ 103k.
This makes sense since these are the ups and downs of the small current range that we are consolidating during the last week or so.
Lately, we have seen many similar consolidations and we … pic.twitter.com/y387V1WZSC
– Daan Crypto Trades (@dancryptto) May 16, 2025
“Observe the massive concentration of long-sized long liquidations closely just below the current price, partly around 10280-10300? This represses a significant group of liquuidity,” fellow fisherman merchant continued.
“The shorts are more widespread.
Another popular merchant, Crypto Caesar, suggested that a range of rank could work and take Bitcoin more below the $ 100,000 brand.
“If the price is broken and maintained above this area, we could see new crazy maximums,” he told X followers, referring to an upward crossover in the weekly convergence/divergence indicator of the mobile average (MACD).
“However: a rejection right here could lead to a setback towards $ 90K.”
A rupture of rinse and repetition of Bitcoin?
Like Daan Crypto Trades, analyst Kevin Svenson was eager to see a continuation of the stop-inicio rebound since April.
Related: Bitcoin reached $ 220k ‘reasonable’ in 2025, says gold -based prognosis
Analyzing the 4 -hour deadlines in the day, delivered its next BTC/USD/USD target within the price discovery.
“Until now, the extrapolations of movement measurements of each leg in this execution have been precise,” hey.
“If this trend continues, if this pattern is maintained, the following objective is $ 115,000.”
Previously, Cointegraph reported a variety or BTC price predictions now in force, and commentators favor rise too much.
To the zoom, $ 1 million per currency can become a reality in three years or even before, according to the former CEO of Bitmex, Arthur Hayes.
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
