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🚀 Bitcoin is aiming for its all-time high - or is $105,000 the end? Featuring Master Ananda
Since April 9, the price of Bitcoin has been rising in a classic upward trend - increasing by approximately 38%, from around $75,000 to $104,000 as trade tensions eased and capital returned to the market.
🔹 Step 1: From 75 thousand dollars to a reduction area between 83 thousand dollars - 85 thousand dollars.
🔹 Step 2: Break through to $92,000 - $96,000, more sideways movement.
🔹 Step 3: Since May 10, Bitcoin's value has ranged between $101,000 and $105,000, on the verge of a breakout or rejection.
Here comes the surprise: $105,000 is facing serious resistance.
According to Kiyotaka ai, there is about $120 million of sell pressure waiting between $104,800 and $105,000 across major exchanges.
🤔 What now? Should I stop or go back to adjust the situation?
To get a clearer reading of what’s to come, I reached out to one of the most followed analysts in - and asked him the big question:
Will the price of Bitcoin witness a sharp rise reaching 115,000 US dollars or more, or are we about to witness a sharp decline to 96,000 US dollars or 98,000 US dollars? His response was very positive: 👇
Not only based on the recent price movements and the levels you mentioned, but also based on the broader market cycle and additional technical signals, the market indicates an upward trend. This rise is valid and realistic in the short, medium, and long term from a technical analysis perspective.
If we focus on the candles, trading volume, chart structure, and the size of the pullbacks in the near term, which are currently nonexistent, everything points to a rise towards additional growth.