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Bitcoin is struggling with intensified volatility following a strong sale triggered by the brutal announcement by American president Donald Trump of a 50% panoramic price On all imports of the EU from June 1. The unexpected macroeconomic move sent shock waves through assets, and Bitcoin was no exception, passing aggressively from Peaks of all time close to $ 111,800 To get around $ 107,500 in a few hours.
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Although there was a brief resumption around $ 109,000, the price action which followed now shows an intense battle between the Bulls and the Bears, with a technical analysis on the candlestick period of one hour showing the two ways that Bitcoin can take place this week.
Bitcoin compression structure between the shortcomings of the fair value
According to the Crypto Tehthomas analyst, the current Bitcoin price structure is defined by two The gaps of the fair value of an hour opposing (FVG). The lower FVG zone identified by the analyst is around $ 107,500, which presented itself during the gathering around $ 111,814 ATH and now acts as the first meaning Post-Ment-Mint reaction.
The higher FVG range is between $ 109,800 and $ 110,700. This level, before the basis of a breakdown candle, went to strong resistance on Friday. Interestingly, a rejection was confirmed inside this superior FVG, which showed that there were many sellers present in this area.
In particular, the one hour graph shared by the analyst indicates a blocking scenario for the price of Bitcoin. A break above or below the differences in the fair value identified will probably define the directional bias for the next major step of Bitcoin.
The next impulsive Bitcoin movement will probably be delivered with a volume confirmation, either with bullish displacement above the resistance, or a lower rejection which pushes the price of bitcoin to a lower demand objective.
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Haussiers and lowering scenarios for Bitcoin
Interestingly, since the analysis, the price action that followed Was marked by Bitcoin failure to recover the upper FVG and more than a consolidation around the FVG less than $ 107,500. This is the most important around this level, because the bitcoin reaction could cause a rebound upwards, that is to say a significant price cover.
For the Haussier scenario, A lower FVG rebound will send the price of Bitcoin to the upper FVG. A sustained movement above the FVG greater than $ 110,700 would indicate a bullish recovery and could bring a new summit of all time About $ 113,000 is back.
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For the lowering scenario, in particular with a clean loss of the level of $ 107,500, the path opens for a movement around $ 106,000. This level is aligned on a liquidity swimming pool left from consolidation at the beginning of last week. If the structure breaks down below $ 106,000, sellers can take short -term control.
At the time of writing this document, Bitcoin was negotiated at $ 107,017.
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