The closing of this week can signal the start of a super cyc | MihaiDaniel on Binance Square

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The closing of this week can signal the start of a super cycle for Bitcoin!  

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The Bitcoin effect is undeniable, Norwegian Block Exchange announced that they will store Bitcoin in their treasury, what happened to the company's NBX stock shortly after the announcement? Pump of 138%.

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Good morning! Analyzing the BTC/USDT chart on the 4-hour and 1-day time frames, a bear flag pattern is forming, suggesting a possible continuation of the downtrend. On the 4-hour chart, after a sharp decline, the price entered a consolidation phase in an ascending channel, typical of this type of pattern. Confirmation of this pattern could lead to a test of the support level around $98,000. On the daily chart, the overall structure remains bullish, with the price holding above key moving averages (20D, 50D, 200D). However, a close below the $104,000 support level could signal a change in market sentiment in the short term. In conclusion, while there are cautionary signals in the short term, the long-term structure of the Bitcoin market remains solid, supported by fundamental and technical factors.

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Market analysis points to Bitcoin price consolidation around $104,000–105,000, after a pullback from the all-time high of over $111,000 reached in May. This move is attributed to a combination of factors, including former President Trump’s recent statements on trade tariffs and a slight reduction in inflows into Bitcoin ETFs. Technically, Bitcoin is facing resistance in the $105,000–106,000 area, and a daily close above this level could pave the way to $108,000. Otherwise, a rejection could lead to a decline towards the psychological support of $100,000. Regarding the medium-term outlook, analysts remain bullish, anticipating a possible rise in Bitcoin price towards $120,000, supported by continued accumulation from institutional investors and large wallets.

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🧭 Technical Summary: BTC/USDT Based on the TradingView 4h, 1d, 3d and 1w chart, Bitcoin is trading around $109,689, after reaching an all-time high of $112,000 on May 21. 🔹 4h & 1d On the 4h chart, a consolidation is observed between $107,000 and $110,000, indicating a possible accumulation before a significant move. On the 1d chart, the upward trend is maintained, with important supports at $107,000 and $105,000. 🔹 3d & 1w On the 3d chart, a continuation of the upward trend is highlighted, with a possible target at $115,000, according to Polymarket predictions. On the 1w chart, resistance levels are between $109,588 and $110,000, according to Fibonacci extensions.DL NewsMedium 🔥 Liquidation Map – CoinGlass According to the liquidation map on CoinGlass, there are significant liquidation levels around $105,000 and $110,000. These levels can act as support and resistance areas, influencing market volatility. 🔍 On-Chain Data – Arkham On Arkham Intelligence, there is increased whale activity, with significant transfers to exchanges, indicating possible selling pressure. There is also an increase in active addresses, suggesting increased investor interest. 📰 Relevant News Pakistan has allocated 2,000 MW for data centers and Bitcoin mining, highlighting growing institutional adoption. Texas has approved the creation of a strategic Bitcoin reserve, solidifying the cryptocurrency’s position as a state asset. JPMorgan now allows clients to purchase Bitcoin, marking a significant shift in traditional financial institutions’ stance on cryptocurrencies. 📈 Conclusion The Bitcoin market is showing positive sentiment, supported by technical and fundamental factors. However, it is essential to monitor liquidation levels and on-chain activity to anticipate possible corrections or trend continuations.

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📷 Over the past 30 hours, Bitcoin (BTC) has seen significant volatility, driven by technical and macroeconomic factors. As of May 21, 2025, at 16:55 (Romania time), the price of BTC is hovering around $107,038, marking an increase of approximately 2.5% compared to the previous day. 📈 Recent BTC Price Evolution May 20, 2025: BTC reached a high of $107,270, followed by a correction to $104,199. May 21, 2025: The price fluctuated between $106,136 and $107,855, indicating increased volatility. (StatMuse) This rapid upward movement followed by a sharp correction suggests a possible "fake breakout" or temporary market manipulation. 📰 Macroeconomic Factors and Relevant News Moody's Downgrades US Credit Rating: On May 17, Moody's downgraded the US credit rating, which created uncertainty in financial markets and influenced BTC volatility. Crypto Legislation in the US Congress: On May 19, the US Senate discussed the GENIUS Act bill, aimed at regulating stablecoins. This potential regulation has sparked mixed reactions among investors. Optimistic Forecasts: Analyst Kevin Svenson predicted that BTC could reach $115,000, but stressed that maintaining this trend depends on the performance of the stock market. (The Daily Hodl) 🔍 Technical Analysis and Data from Coinglass Open Interest: Data from Coinglass shows a record open interest of $74.24 billion, indicating intense activity in the derivatives market. Liquidation Heatmap: The liquidation heatmap shows areas of risk around $107,800, with estimated exposures of over $83.83 million, suggesting potential selling pressure in the event of a correction. 🧭 Conclusion BTC’s recent movements reflect a market sensitive to macroeconomic factors and news events. It is essential for traders to closely monitor key support and resistance levels and exercise caution during periods of heightened volatility. (YCharts)

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