Bitcoin breakout odds climb as all-time highs meet $90K dip warning

Quick Summary:

Source: TheKingfisher/XAnother popular trader, Crypto Caesar, suggested that a range breakout could run deeper and take Bitcoin further below the $100,000 mark.“If price breaks and holds above this zone, we could see new crazy highs,” he told X followers, referencing a bullish crossover on the weekly moving average convergence/divergence (MACD) indicator. “However: a rejection right here might lead to a pullback toward $90K.”BTC/USDT 1-week chart with MACD data.

Related: Bitcoin hitting $220K ‘reasonable’ in 2025, says gold-based forecastAnalyzing 4-hour timeframes on the day, he delivered his next upside BTC/USD target well inside price discovery.“So far, the measured move extrapolations of each leg up in this run have been pinpoint accurate,” he wrote.“If this trend continues, if this pattern holds, the next target is $115,000.”BTC/USDT 4-hour chart.

Move up, tight consolidation, new leg up,” popular trader Daan Crypto Trades wrote in part of ongoing X analysis. “Keep an eye on this local range and wait for a breakout to either direction would be my recommendation.”BTC/USD 6-hour chart.

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Article Details

Author / Journalist: Cointelegraph by William Suberg

Category: Crypto

Markets: United States

Topics: Current Price Traders Crypto Highs Chart Move Data Btc/usd Range Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-16 @ 16:04:55 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 566 words

Reading Time: 4 minutes read

Sentences: 21 lines

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Copyright Owner: © Coin Telegraph

News ID: 28747283

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