Main meals:
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Bitcoin fell more than 4.5 % on May 19, confirming the declining difference and the threat of a break less than $ 100,000.
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Analysts highlight 97,000 dollars – 98,500 dollars as a major support that the bulls must keep.
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The potential head style and the opposite shoulder indicate a re -test of $ 91,000 before any upward continuation.
Bitcoin (BTC) fell more than 4.5 % of its height during the day on May 19, as it decreased to about 102,000 dollars in its worst daily decrease in more than a month.
The BTC decrease accompanied the actions of the negative side in another place in the risk market, motivated by The last reduction in MOODY From the US government due to the high budget deficit and the lack of a reliable financial unification plan.
The decline confirms a declining difference, in addition to other technical factors, the risk of BTC price collapsed is less than $ 100,000, which is a major support level.
Tips for the downsic difference in Bitcoin at SUB-100 thousand dollars
Bitcoin price showed technical weakness before selling it on May 19.
On May 19, BTC pushed up a new local level above $ 107,000, but the RSI index printed a lower rise, confirming a classic difference.
This contradiction between the price and the momentum is often presented to the opposite of the direction, in which case, play with a rapid decrease of 4.5 %. Analyst Blancz warned the merchants “to be careful with them [placing] Longs. “
Swiss analysts Note This bitcoin “hold liquidity” above 104,000 – 106,000 dollars resistance, but it failed to keep out.
Rejection paid the price back to a previous overwhelming area, with immediate support between 101,500 dollars and $ 102,500 now under pressure.
Swissblock sets 97,000-98,500 dollars as a major negative goal based on the historical Onchain size and trading activity if an area of 101,500-102,500 dollars fails.
The H&S style of Bitcoin 91000 is targeting
On the three -day chart, Bitcoin creates the right shoulder of the opposite head style and a potential shoulder.
Although this setting usually includes long -term usually, this setting involves a short -term re -test of the average ASE 50 (50 EMA periods; red wave) near $ 91,000.
The chances of this decrease since BTC failed to close above the neckline of $ 107,000, the same area that sparked Habboudia’s repercussions in December 2024 and January 2025.
Related to: Metaplanet Scoops 1,004 Bitcoin at 2nd-Big is the largest purchase ever
A recovery from the 91,000 dollar area towards the neck line at about $ 107,000 can increase Bitcoin’s risk of about $ 150,000.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
