{"id":20343,"date":"2025-05-12T22:00:00","date_gmt":"2025-05-12T22:00:00","guid":{"rendered":"https:\/\/gold.creditcard\/bitcoin-profit-taking-at-106k-the-first-stop-before-new-all-time-btc-price-highs\/"},"modified":"2025-05-12T22:00:00","modified_gmt":"2025-05-12T22:00:00","slug":"bitcoin-profit-taking-at-106k-the-first-stop-before-new-all-time-btc-price-highs","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/bitcoin-profit-taking-at-106k-the-first-stop-before-new-all-time-btc-price-highs\/","title":{"rendered":"Bitcoin profit taking at $106K the first stop before new all-time BTC price highs"},"content":{"rendered":"

Key Takeaways:<\/strong><\/p>\n

Bitcoin exhibits a bearish breakout from an ascending channel, with the risk of profit-taking near $106,000.<\/p>\n

A lower-than-expected US Consumer Price Index (CPI) print could boost Bitcoin, but a higher CPI may increase bearish pressure, leading to a price drop below $100,000. <\/p>\n

Bitcoin (BTC) <\/a>price reached an intraday high of $105,800 on May 12 but posted a 3% dip to $101,400 during the New York trading session. On the lower-time frame (LTF) chart, BTC oscillated between an ascending channel pattern before exhibiting a bearish breakout below the bottom range of the pattern. <\/p>\n

Bitcoin 1-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n

With respect to BTC\u2019s stalling bullish momentum, data analytics platform Alphractal noted<\/a> that BTC re-testing nearing $106,000 resistance levels increased the likelihood of profit-taking risks. As illustrated in the chart, Bitcoin currently approaches the \u201cAlpha Price\u201d zone, where long-term holders or whales could take profits, according to Joao Wedson,<\/a> CEO of Alphractal.\u00a0<\/p>\n

Bitcoin Alpha Price Levels. Source: X.com<\/em><\/p>\n

From a liquidation standpoint<\/a>, the risk of a “long” squeeze is also elevated, with over $3.4 billion in leveraged long positions at risk of liquidation if prices drop to $100,000. This range could act as a magnet for price, leading to a retest near the psychological level. <\/p>\n

Bitcoin exchange liquidation map. Source: CoinGlass<\/em><\/p>\n

Related: Bitcoin all-time high cues come as US-China deal sends DXY to 1-month high<\/strong><\/em><\/a><\/p>\n

CPI data looms as Bitcoin traders de-risk<\/h2>\n

The current BTC correction might reflect traders de-risking ahead of the US Consumer Price Index (CPI) release on May 13. Previously, March\u2019s CPI, released April 10, was 2.4%, down from February\u2019s 2.8%, despite a forecast of 2.5%. April\u2019s CPI is forecasted to remain at 2.4%, due to steady energy prices amid balanced oil production and moderating wage growth, easing pressure on price increases.<\/p>\n

US Consumer Price Index data. Source: Investing.com<\/em><\/p>\n

A lower-than-expected CPI (potentially third in a row) could be bullish for Bitcoin, potentially signaling Federal Reserve rate cuts in 2025, boosting risk assets like equities and cryptocurrencies. Conversely, a higher-than-expected CPI could be bearish, raising inflation fears and strengthening the dollar, pressuring BTC.<\/p>\n

If bearish pressure persists on BTC charts even after the CPI print, an immediate key area of interest remains between $100,500 and $99,700, a fair value gap (FVG) on the four-hour chart. <\/p>\n

Another FVG remains between $98,680 and $97,363, which would represent an 8% correction from the recent highs. <\/p>\n

Bitcoin 4-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n

Related: Bitcoin, altcoins poised to rally on US-China tariff agreement<\/strong><\/em><\/a><\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>","protected":false},"excerpt":{"rendered":"

Key Takeaways: Bitcoin exhibits a bearish breakout from an ascending channel, with the risk of profit-taking near $106,000. A lower-than-expected US Consumer Price Index (CPI) print could boost Bitcoin, but a higher CPI may increase bearish pressure, leading to a price drop below $100,000. Bitcoin (BTC) price reached an intraday high of $105,800 on May […]<\/p>","protected":false},"author":0,"featured_media":20344,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=20343"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20343\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/20344"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=20343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=20343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=20343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}