Analysis $BTC 05/19/2025
#BTC , we conducted a sweep of large sell orders above $106K over the weekend; of course, the price reaching so high during a period when we don't have many people trading was not sustainable. However, as I mentioned today in the morning daily statement, "the next move is the real one," and indeed, that is what I think—that this current move is the real one, so I would like to see this close above $105K today.
Prices above the orange range on the chart put us in a very strong position to definitely attack the ATH; of course, I could say the $108K, which is still the most defended level, but I will be a bit bolder and call for a new ATH. I am not doing this out of ego, but rather because being above $105K makes the BEARS completely cautious about any major moves they want to make. Either they intervene before $105K, or things get pretty bad for them.
It has been a long time since I said that time is on the BULLS' side here, and it has proven to be a true statement over time. Notice through the charts where the Bears prevent an advance for a long time but eventually end up losing.
The $98K still seems to be the place where large BUYERS feel secure, but notice here that I am working with the thought of flipping the $105K and making it the new support, causing large BUYERS to move to the current orange range. As time goes by and we are able to sustain this move above the orange range, this idea will gain more shape.
The #altcoin s are slower to keep up with the rise due to Bitcoin's Dominance, which is an incredible 63.93%; it's understandable since we are seeing institutional desperation for BTC.
I am particularly interested in the next two weeks; perhaps we will see a rotation happening, and this will finally give us some relief in Altcoins.
If you are not accumulating as much as you can, then you are certainly making a fatal mistake!
#BTC , we conducted a sweep of large sell orders above $106K over the weekend; of course, the price reaching so high during a period when we don't have many people trading was not sustainable. However, as I mentioned today in the morning daily statement, "the next move is the real one," and indeed, that is what I think—that this current move is the real one, so I would like to see this close above $105K today.
Prices above the orange range on the chart put us in a very strong position to definitely attack the ATH; of course, I could say the $108K, which is still the most defended level, but I will be a bit bolder and call for a new ATH. I am not doing this out of ego, but rather because being above $105K makes the BEARS completely cautious about any major moves they want to make. Either they intervene before $105K, or things get pretty bad for them.
It has been a long time since I said that time is on the BULLS' side here, and it has proven to be a true statement over time. Notice through the charts where the Bears prevent an advance for a long time but eventually end up losing.
The $98K still seems to be the place where large BUYERS feel secure, but notice here that I am working with the thought of flipping the $105K and making it the new support, causing large BUYERS to move to the current orange range. As time goes by and we are able to sustain this move above the orange range, this idea will gain more shape.
The #altcoin s are slower to keep up with the rise due to Bitcoin's Dominance, which is an incredible 63.93%; it's understandable since we are seeing institutional desperation for BTC.
I am particularly interested in the next two weeks; perhaps we will see a rotation happening, and this will finally give us some relief in Altcoins.
If you are not accumulating as much as you can, then you are certainly making a fatal mistake!