key points:
-
Bitcoin is working on fulfilling a “successful” support as the trader stakes grow before the weekly candle closure.
-
BTC value is expected of volatility because liquidity analysis suggests that conditions favor an important short squeeze.
-
$ 100,000 still remains a possible target in the event of a fresh value dip.
Bitcoin (BTC) held $ 105,500 weekly on June 8, it is expected that the BTC price improvement was finished.
Bitcoin liquidation risk increases the price coil in $ 105,000
Data Pro from cointelegraph markets and Tradingview BTC/USD strengthened its rebound after traveling $ 100,500 on 5 June.
Now back to its weekly open levels, Bitcoin again inspired the traders to resume the reverse continuity and the bull run again.
Popular traders and analyst Rekt Capital “,” On the daily time frame, Bitcoin is indicating the breaking of its two -week downtrend (light blue). , told X followers when uploading a chart with major levels.
“The daily closing and retired ~ $ 106600 (black) tendency will be even better to enable continuity.”
The BTC Price Action had already closed a daily off its 10-day simple moving average (SMA)-something that fellow trader Superbro said that there was a condition for “invalidating the bear case”.
$ BTC There is still a need to rebuild 10 mA on a closing basis and H&S neckline to rejuvenate the bear case.
Till then, it is not a place to be aggressive with longs, the time for this was FVG and 50 mA retract when you were so sure that it was all over. pic.twitter.com/taeg3wzgom
– Super ฿ RO (@SuperbitCoinbro) June 7, 2025
Trader Cass Abbe meanwhile saw to order book liquidity for cues on the price direction.
It was producing both above and below the spot price, which was leading to predicting a magnet-style move to “grab” Abbe.
“The BTC liquidation cluster is now indicating an reverse step,” he Abbreviation On X.
“If BTC pumps 10% from here, shorts will have a liquidation of $ 15.11 billion. Meanwhile, a negative step of 10% will be long in 9.58 billion dollars.”
Abbey said that negative money rates pointed to “big posts” over the weekend.
“I think the BTC big step is coming next week, possibly pushing it above $ 109k-$ 110k,” he concluded.
$ 104,400 now key weekly level level
Some saw the first support capacity first.
Connected: Bitcoin is near $ 105k as Donald Trump demands the ‘full point’ fed rate cut
Updating X followers on its market forecasting, popular trader CripNews saw Logical location to build long BTC posts at $ 100,000.
“100K is the strongest psychological support, so explained on Sunday, this is the area where I am building some longes with easy invalid,” he wrote, referring to his previous purpose of tagging a $ 100,000 mark.
Rekt Capital, meanwhile, described the support “successful” after the all -time high level of May on weekly timeframe.
“Can Bitcoin successfully confirm this reette what will be the 4th week in a row above a weekly $ 104400?” He did a vigilance.
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
