{"id":20658,"date":"2025-05-16T15:04:55","date_gmt":"2025-05-16T15:04:55","guid":{"rendered":"https:\/\/gold.creditcard\/bitcoin-breakout-odds-climb-as-all-time-highs-meet-90k-dip-warning\/"},"modified":"2025-05-16T15:04:55","modified_gmt":"2025-05-16T15:04:55","slug":"bitcoin-breakout-odds-climb-as-all-time-highs-meet-90k-dip-warning","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/bitcoin-breakout-odds-climb-as-all-time-highs-meet-90k-dip-warning\/","title":{"rendered":"Bitcoin breakout odds climb as all-time highs meet $90K dip warning"},"content":{"rendered":"

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

Bitcoin refuses to budge from a narrow range as traders consider the likely breakout direction.<\/p>\n

Price discovery is keenly awaited, but downside predictions include levels further toward $90,000.<\/p>\n

BTC\/USD has delivered highly patterned moves since its rebound began in April.<\/p>\n

Bitcoin (BTC<\/a>) kept traders guessing at the May 16 Wall Street open as consolidation sparked both bullish and bearish forecasts.<\/p>\n

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

\u201cSignificant\u201d liquidity builds around BTC price<\/h2>\n

Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD shuttling between $103,000 and $104,000 on the day.<\/p>\n

Despite beating expectations, the latest US macroeconomic data in the form of the Consumer Price Index (CPI) and Producer Price Index (PPI) prints on May 13 and 15, respectively, failed to exert a strong influence<\/a> on short-term price behavior.<\/p>\n

Instead, traders focused on Bitcoin\u2019s latest consolidation phase<\/a> less than 10% away from new all-time highs.<\/p>\n

\u201c$BTC Has been doing roughly the same thing since the April lows. Move up, tight consolidation, new leg up,\u201d popular trader Daan Crypto Trades wrote<\/a> in part of ongoing X analysis.\u00a0<\/p>\n

\u201cKeep an eye on this local range and wait for a breakout to either direction would be my recommendation.\u201dBTC\/USD 6-hour chart. Source: Daan Crypto Trades\/X<\/em><\/p>\n

A separate post noted areas of thick liquidity on either side of the price, potentially providing near-term targets should BTC\/USD exit its narrow range.<\/p>\n

$BTC<\/a> Liquidation Map showing a large cluster at $105K-$106K and a ton sitting between $99K-$103K.<\/p>\n

This makes sense as these are the highs\/lows of the current tiny range we’re consolidating in for the past week or so.<\/p>\n

Lately, we’ve seen a lot of similar consolidations and we\u2026 pic.twitter.com\/y387V1WzsC<\/a><\/p>\n

\u2014 Daan Crypto Trades (@DaanCrypto) May 16, 2025<\/a><\/p>\n

\u201cNotice the massive concentration of long liquidations clustered tightly just below the current price, particularly around 10280-10300? This represents a significant pool of liquidity,\u201d fellow trading TheKingfisher continued<\/a>.\u00a0<\/p>\n

\u201cShorts are more spread out higher up. This imbalance makes the zone below a key area to watch. It could act as a price magnet, or a trigger point for cascading liquidations if price moves down.\u201dBitcoin exchange order book liquidity data. Source: TheKingfisher\/X<\/em><\/p>\n

Another popular trader, Crypto Caesar, suggested that a range breakout could run deeper and take Bitcoin further below the $100,000 mark.<\/p>\n

\u201cIf price breaks and holds above this zone, we could see new crazy highs,\u201d he told<\/a> X followers, referencing a bullish crossover<\/a> on the weekly moving average convergence\/divergence (MACD) indicator.\u00a0<\/p>\n

\u201cHowever: a rejection right here might lead to a pullback toward $90K.\u201dBTC\/USDT 1-week chart with MACD data. Source: Crypto Caesar\/X<\/em><\/p>\n

A rinse-and-repeat Bitcoin breakout?<\/h2>\n

Like Daan Crypto Trades, analyst Kevin Svenson was keen to see a continuation of the stop-start rebound in place since April.<\/p>\n

Related: <\/strong><\/em>Bitcoin hitting $220K \u2018reasonable\u2019 in 2025, says gold-based forecast<\/strong><\/em><\/a><\/p>\n

Analyzing 4-hour timeframes on the day, he delivered his next upside BTC\/USD target well inside price discovery.<\/p>\n

\u201cSo far, the measured move extrapolations of each leg up in this run have been pinpoint accurate,\u201d he wrote<\/a>.<\/p>\n

\u201cIf this trend continues, if this pattern holds, the next target is $115,000.\u201dBTC\/USDT 4-hour chart. Source: Kevin Svenson\/X<\/em><\/p>\n

Earlier, Cointelegraph reported<\/a> on a variety of BTC price predictions now in force, with commentators overwhelmingly favoring upside next.<\/p>\n

Zooming out, $1 million per coin may become reality in three years\u2019 time or even sooner<\/a>, according to former BitMEX CEO Arthur Hayes.<\/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>\n

<\/p>","protected":false},"excerpt":{"rendered":"

Key points: Bitcoin refuses to budge from a narrow range as traders consider the likely breakout direction. Price discovery is keenly awaited, but downside predictions include levels further toward $90,000. BTC\/USD has delivered highly patterned moves since its rebound began in April. Bitcoin (BTC) kept traders guessing at the May 16 Wall Street open as […]<\/p>","protected":false},"author":0,"featured_media":20659,"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-20658","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\/20658","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=20658"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/20659"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=20658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=20658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=20658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}