Bitcoin Drops Below $107.5K as Trump Tariff Threat Triggers Crypto Sell-Off

3 weeks ago

Bitcoin's caller pullback has established beardown volume-based absorption adjacent $108,300, with enactment forming successful the $106,700-$107,000 zone.

The correction accelerated with a notable terms surge from $107,373 to $107,671 betwixt 13:06-13:36, followed by a crisp reversal.

Technical investigation suggests Bitcoin is present trading wrong a compression zone, trapped betwixt 2 large just worth gaps that volition find the upcoming marketplace direction.

If bulls reclaim the $109K to $110K area, terms could propulsion toward absorption beyond $112K, portion a interruption beneath $107,000 mightiness trial liquidity astir $106K.

Technical Analysis Breakdown

The diminution accelerated during the 22:00-23:00 hr connected May 24th with exceptionally precocious measurement (16,335 BTC), establishing a beardown volume-based absorption adjacent $108,300.
Support has formed successful the $106,700-$107,000 portion wherever buyers emerged during the 09:00-10:00 play connected May 25th, though betterment attempts person been humble with terms consolidating astir $107,500.
The wide method operation suggests a short-term bearish inclination with imaginable for further consolidation earlier directional clarity emerges.
Bitcoin experienced important volatility with a notable terms surge from $107,373 to $107,671 betwixt 13:06-13:36, followed by a crisp reversal that saw prices diminution to $107,393 by 14:00.
The astir important terms question occurred during the 13:35 infinitesimal candle wherever BTC jumped astir $150 with exceptionally precocious measurement (148.76 BTC), establishing impermanent absorption astir $107,630.
Support formed adjacent $107,400 wherever buyers emerged during the last minutes of the period, though the wide method operation suggests continued consolidation wrong the broader correction from the $109,239 high.

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