Post
Topic
Board Trading Discussion
Re: Crypto trading
by
Cookdata
on 05/06/2025, 19:55:06 UTC
BTC nothing changed from this morning still on support, but uncertainly since this is the last Friday of the month,we will see next week,it will be essential to see how the month closes tomorrow, but the short term scenario does not change because the price has fallen since the last three days. With a price of105k it can retest to 95k by next month.

Bitcoin price has been consolidating since Bitcoin price hit a new price high and that's because the breakout is false. I have never seen a breakout so manipulated like this particular one, like it's very difficult to see breakout without traders fomo but this time, not just ignored treaders did, it was so obvious that the market looks so manipulaed and the signs were there that people know it wasn't valid for us to have a bull run, something don't just add up.

The 95k you mentioned isn't a strong support, neither do I see Bitcoin going there. There is a phycological price this people are trying to place Bitcoin and that's $100k, you know it's easy for Bitcoin to do 10x and hit a million dollars per Bitcoin than for Bitcoin to fall under those prices. Until something bad happened to the market that's when we might see worse in the 90k regions, the price is going to consolidate above $100k while the momentum last.