The Bitcoin price remained below $ 106,000 under $ 106,000 throughout the weekend, suggesting that the sellers maintained their dominance. Because the weekly divergence is locked, a potential bearish -hertest seems to be fine. Despite the price that tries to overcome the Bearish Pullback, the BTC price did not succeed in protecting a crucial reach that keeps the bearish hope alive. That is why the upcoming price campaign could see a roller coaster ride in both directions in June, but the question is whether token will be able to recover $ 110k.
Investors remain skeptical about the next price promotion
The Bitcoin Bulls have kept the meeting above an important level of support at $ 102,153 since the price in May rose above the reach. The recent bounce also substantiates the bullish claim to a certain extent, but the traders seem to be more interested in the current price range between $ 103,000 and $ 107,000, because they have placed huge bets within reach. This suggests that traders are preparing for both scenarios and as a result the liquidity on both sides is accumulating.
A popular analyst, anonymous known as AlphatcShare the agreements in the recent price action of Bitcoin, which increases the possibility from a withdrawal to $ 90,000 or slightly lower. However, the analyst is pretty sure of the bullish reversal, which can lead the Bitcoin price to new highlights, probably to $ 125,000. But for that a correction seems to be imminent because the indicators such as RSI, MacD, CMF and DMI are about to undergo a bearish.
Regardless of the horizontal consolidation, El Salvador, Metaplanet, BlackRock and strategy, Bitcoin will continue to stack. Moreover, some raise money to buy more Bitcoin, which should be considered a huge bullish signal, because the real bullrun still has to start.