This is a pattern breaker. Volume is rising together with prices.
There was a rejection right below 106,000 but rather than a rejection a bear-trap & shakeout.
The move higher now confirms this.
Bitcoin is now trading with a full green candle and continues to challenge resistance. As prices move to $106,000, this is the highest since January 2025. A full recovery and a challenge of resistance leading to a new All-Time High.
It seems the new week, 19-May, will be the week when Bitcoin makes history again. This is all positive.
This is a short-term chart; 1H.
Many shakeouts are happening now, both bears (LONGs) and bulls (SHORTs) are being liquidated. Liquidation can only happen with positions using too much leverage. Everybody with 5X or lower is extremely safe long-term and can rest easy. Only the gamblers are having a hard time right now.
The market will continue to shake. Volatility can go up. Regardless of the short-term, Bitcoin is set to grow.
Namaste.