Bitcoin Prize performance has been outstanding in the past week and achieved a new highest time. During the late hours on Thursday, May 22, the main Cryptocurrency reached a new record -high price of $ 111 807.
While the value of BTC has witnessed a significant correction over the past 24 hours, the market -comprehensive feeling is positive because investors expect the coin’s price to forge. However, historical action data indicates that Bitcoin price may cool A while before it resumes its upward rally.
When BTC Local Top is in is Altseason Next: Analyst
In a recent post on the social media platform X, crypto analyst Joao Wedson established A potential local top for the Bitcoin price about $ 113,000 and $ 114,000 in the coming days. The analyst on the chain emphasized two primary reasons why the market leader’s Haussearted momentum can decrease in the short term.
First, this baisse-like projection revolves around the appearance of a long-term trend line on the daily BTC diagram. As observed in the diagram below, the trend line serves as a resistance level for the Bitcoin price and precipitates several rejections since the beginning of 2021.
Source: @joao_wedson on X
In addition, the 2021 bike top (and then all the time) arose about $ 69,000 after reaching this long -term trend line. Most recently, Bitcoin’s earlier prize at all time at $ 108,786 around this long -term resistance level.
Wedon also noted that Bitcoin -aggregated liquidation levels the heat map supports $ 113,000 – 114,000 dollars local top theory. According to liquidation data, the Bitcoin price has been hit by a level of $ 110,000 over the past six months.
Most interesting Wedson pointed out that Altcoins could grow back to life during the months after the price of bitcoin that reaches its peak. While Bitcoin’s dominance experienced a correction over the past week, Metric received a great boost after price performance for BTC in recent days.
The Talk about an Altcoin season Have always been in the cryptol air since the beginning of 2025, especially with the price of bitcoin which seems to reach a high cycle (at that time). However, the altar season seems to be more of a fantastic idea, as the world’s largest Cryptocurrency continues to lead the packaging with a significant mile.
Bitcoin price
The price of Bitcoin fell below $ 109,000 in the late hours on Friday in what looked like a reaction to US President Donald Trump’s customs threat to the European Union’s goods. From this writing, the flagship Cryptocurrency is valued at about $ 108,500, with a price decline of 2.3% over the past 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Image from iStock, chart from tradingview
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