Analysis #BTC — 05/19/2025

Bitcoin swept the large sell orders above $106K over the weekend. Clearly, reaching such high levels in a period of low liquidity was not something sustainable — but as I mentioned earlier today in the morning statement: “the next move is the real one.” And indeed, I believe this current movement is the real one.

A close above $105K today would be extremely significant. Above the orange range on the chart, we enter a strategic zone, strengthening the bulls' position to finally attack the ATH (all-time high).

I could very well talk about $108K as the last bastion of resistance — and it truly is a strongly defended level — but today I choose to be bold and aim directly for a new ATH. It’s not about ego. It’s about recognizing that, above $105K, the bears are completely cornered. Either they react before that, or the situation becomes critical for their side.

I have been saying for quite some time: time is on the bulls' side — and the charts have shown this. The bears can delay, but cannot prevent. I still see $98K as a comfort point for large buyers, but I am working with the perspective of seeing a reversal: turning $105K into new support and bringing buying volume to the current orange range.

Meanwhile, altcoins continue to be sluggish, impacted by BTC's dominance at 63.93%, which reveals intense institutional demand for Bitcoin. However, I am keeping an eye on the next two weeks — we might see a rotation of capital, giving the long-awaited relief to altcoins.

If you are not accumulating as much as you can yet, be careful: this could be a fatal mistake.

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