{"id":20796,"date":"2025-05-19T16:05:00","date_gmt":"2025-05-19T16:05:00","guid":{"rendered":"https:\/\/gold.creditcard\/bitcoin-bull-market-almost-over-traders-split-over-btc-price-at-105k\/"},"modified":"2025-05-19T16:05:00","modified_gmt":"2025-05-19T16:05:00","slug":"bitcoin-bull-market-almost-over-traders-split-over-btc-price-at-105k","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/bitcoin-bull-market-almost-over-traders-split-over-btc-price-at-105k\/","title":{"rendered":"Bitcoin bull market 'almost over?' Traders split over BTC price at $105K"},"content":{"rendered":"

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

BTC price action retargets $105,000 after the Wall Street open, rising 2.5% from the day\u2019s lows.<\/p>\n

Volatility continues, leading market participants to varying conclusions over what will happen to BTC\/USD next.<\/p>\n

Perspectives include the Bitcoin bull market being in its final stages.<\/p>\n

Bitcoin (BTC<\/a>) sought a rebound from a 4% dive at the May 19 Wall Street open as traders diverged on bull market strength.<\/p>\n

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

$106,000 becomes BTC price zone to watch<\/h2>\n

Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD passing $104,500, up 2.5% from the day\u2019s low.<\/p>\n

The pair had seen flash volatility around the weekly close, which although the highest ever recorded<\/a> swiftly saw bulls lose control.<\/p>\n

Now, opinions differed about when, or if, new all-time highs would come.<\/p>\n

\u201cThis is exactly what Bitcoin needs to be doing,\u201d an optimistic Rekt Capital wrote<\/a> in part of his latest X analysis.<\/p>\n

\u201cNeeds to hold ~$104400 as support to position itself for a successful post-breakout retest.\u201dBTC\/USD 1-week chart. Source: Rekt Capital\/X<\/em><\/p>\n

Popular trader Daan Crypto Trades flagged $102,000 and $106,000 as the levels to watch above and below spot price.<\/p>\n

\u201cThese mark the local range low and high and price has been trading within these for most of the last 1-2 weeks,\u201d he explained<\/a> in part of his own X post.\u00a0<\/p>\n

\u201cKeep an eye out for a clean break below either of these. So far, price has not sustained above or below for more than a day.\u201dBTC\/USDT perpetual contract 4-hour chart. Source: Daan Crypto Trades\/X<\/em><\/p>\n

The area around $106,000 was also on the radar for onchain analytics firm Glassnode.<\/p>\n

\u201cBTC’s price surge stalled just below $106.6K – a level with 31K $BTC held at that cost basis,\u201d it observed<\/a> on the day.\u00a0<\/p>\n

\u201cThis supply cluster originated on Dec 16 and remains unshaken. Holders haven\u2019t redistributed, nor averaged down – making $106.6K an important level to watch in the short term.\u201dBTC supply cost basis heatmap. Source: Glassnode\/X<\/em><\/p>\n

Trader: \u201cToo many bearish signs to ignore\u201d on Bitcoin<\/h2>\n

A renewed warning meanwhile came from fellow trader Roman, who considered weekly timeframes to be no longer in bulls\u2019 favor.<\/p>\n

Related: <\/strong><\/em>$107K fakeout or new all-time highs? 5 things to know in Bitcoin this week<\/strong><\/em><\/a><\/p>\n

\u201cNot a good close as we rejected resistance, created more bearish divergences, and have pumped with low volume. Stoch RSI has also topped,\u201d he summarized<\/a>.\u00a0<\/p>\n

\u201cToo many bearish signs to ignore, and it\u2019s why I\u2019ve been continuously saying the bull run is likely almost over.\u201dBTC\/USD 1-day chart with 1-week stoch RSI data. Source: Cointelegraph\/TradingView<\/em><\/p>\n

Roman referred to the stochastic relative strength index (RSI) indicator, a trend strength tool<\/a> now firmly in \u201coverbought\u201d territory.<\/p>\n

As Cointelegraph reported, various short-term BTC price predictions have surfaced in recent days, including an \u201cearly week\u201d target of $116,000<\/a> along with a potential retracement toward $90,000<\/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 points: BTC price action retargets $105,000 after the Wall Street open, rising 2.5% from the day\u2019s lows. Volatility continues, leading market participants to varying conclusions over what will happen to BTC\/USD next. Perspectives include the Bitcoin bull market being in its final stages. Bitcoin (BTC) sought a rebound from a 4% dive at the […]<\/p>","protected":false},"author":0,"featured_media":20797,"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-20796","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\/20796","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=20796"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/20796\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/20797"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=20796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=20796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=20796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}