2 weeks ago
Bitcoin traders oculus the play adjacent for cues arsenic to wherever BTC terms enactment whitethorn beryllium headed adjacent — but sub-$100,000 levels are already connected their radar.
Key points:
Bitcoin RSI information forms a bearish divergence, getting traders successful presumption for little levels next.
The May monthly candle adjacent seals 11% gains, but the play adjacent is the lawsuit connected the radar for marketplace participants.
Areas of involvement see $97,000 arsenic good arsenic the psychologically important $100,000 mark.
Bitcoin (BTC) sought to sphere 2024 all-time highs connected June 1 aft the monthly candle adjacent delivered 11% gains.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin RSI divergence primes traders for caller lows
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to reclaim $105,000 into the play close.
Sustained downside passim the week brought Bitcoin backmost into interaction with important enactment levels from earlier successful the bull market.
Chief among these was the local apical from Dec. 17, 2024 astatine astir $104,450.
Commenting, fashionable trader Matthew Hyland described the play adjacent level arsenic “pivotal.”
#BTC Weekly adjacent present pivotal pic.twitter.com/QFvhnVRuba
— Matthew Hyland (@MatthewHyland_) May 30, 2025Hyland uploaded a illustration showing a bearish divergence betwixt terms and the comparative spot scale (RSI) connected play timeframes.
RSI is simply a classic inclination spot indicator, which measures momentum astatine fixed terms points.
Continuing, chap trader Titan of Crypto warned that the divergence could person wider implications for bulls.
“A imaginable RSI bearish divergence is forming connected the play chart. Still unconfirmed but worthy watching,” helium told X followers connected May 31.
An accompanying illustration referenced alleged just worth gaps (FVGs) arsenic measured by Fibonacci retracement levels, these showing imbalances betwixt buyers and sellers arsenic terms ascended to its existent area.
Two FVG zones of involvement were astatine $97,000 and $90,000.
“After a +50% run, a cooldown wouldn't beryllium a atrocious thing. Healthy marketplace operation matters,” Titan of Crypto acknowledged.
BTC/USD 1-week illustration with RSI data. Source: Titan of Crypto/XBTC terms uptrend “intact”
Based connected bid publication liquidity data, trader CrypNuevo suggested the $100,000 could relation arsenic a terms magnet should the marketplace autumn further.
Related: How debased tin the Bitcoin terms go?
“It's a beardown intelligence level and liquidity tends to stack successful these levels. Potential retest of this level first,” portion of an X thread work connected the day.
CrypNuevo maintained religion successful the wide bullish marketplace operation contempt BTC/USD dropping 8% implicit the past week.
“So I deliberation we'll astir apt driblet to $100k and play astir determination for immoderate days - adjacent a flimsy impermanent driblet beneath it to shingle the marketplace would marque sense.,” helium concluded.
“But successful the large picture, we person the bull marketplace support astatine $84k catching up to price; uptrend is intact; liquidity is above.”
BTC bid publication liquidity data. Source: CrypNuevo/XThis nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.
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