Oh, Bitcoin. It’s like that one friend who’s always *just about* to make it big, but then takes a nap instead. Despite getting rejected at the oh-so-glamorous $112K mark, analysts are looking at this pullback like a healthy “I’m still okay, don’t worry” stretch rather than a total breakdown. We’ve all been there, right? 🛋️
Crypto guru DaanCrypto—who clearly knows his stuff—mentioned that BTC is still just *hanging out* in its larger macro range. Like, “I’m fine, don’t look at me,” kind of vibe. But if the price decides to go down further, he’s eyeing the $97K–$99K zone. Why? Because that’s where support might show up like your mom at 2 AM offering pizza. 🍕
This magical area aligns with a few things: the mid-range level, a 0.382 Fibonacci retracement (because why not?), and the Daily 200 Moving Average (200MA) that’s *slowly* catching up with the price. It’s like waiting for your laundry to dry, but this time, it’s worth it. ⏳
“If we see a pullback early next month, I’m watching that $97K–$99K like a hawk,” DaanCrypto says. Translation: “I’m not saying the world is ending, but I’ll be here with my popcorn if it does.” 🍿 He’s keeping hope alive for a big ol’ breakout above the all-time high, but for now, it’s a waiting game. Patience, young padawan.
Meanwhile, Michaël van de Poppe, who’s probably still drinking his coffee while waiting for BTC to do something exciting, agrees. He’s all like, “Bitcoin needs to reclaim that $106K to start getting its groove back.” And apparently, that’s where the “liquidity” is (but also, who really knows what that means? 🤷♀️).
“Until BTC gets above $106K, we’re just in *consolidation mode,*” he adds. Translation: “Just sitting here, taking the edge off, doing some necessary market yoga.” 🧘♂️
Both of these crypto-wise sages are predicting that all the excitement will happen between the $97K–$106K range. So, grab your popcorn, stay alert, and remember: crypto is just one big rollercoaster ride. Who knows what’s next? Just make sure you’re strapped in for whatever comes after this. 🎢
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2025-05-31 13:56