Bitcoin is ready to “evaporate” shorts as soon as the price discovery over 110,000 US dollars begins

Most important snack:

• A Bitcoin price at the end of the month over $ 102,400 would determine the highest monthly end of all times and prove that the bull market continues rapidly.

• Over 3 billion US dollars of Bitcoin -Short positions are over 107,000 US dollars susceptible, which creates a “liquidation magnet” that could send BTC price to new highs.

Bitcoin (BTC) is 11 days after he may have closed the highest monthly candle in history. After a weekly record of 106,407 US dollars on May 18, BTC could reach a new monthly maximum by closing over $ 102,400 this month.

With regard to the current market trend, Bitcoin is only a few centimeters away from a “price discovery”, as found by Crypto Trader Jelle.

In this context, the price discovery relates to the process in which buyers and sellers interact in an undefined or non -traditional area in order to determine the market price of a financial value.

A break above the all-time high of Bitcoin of $ 110,000 would initiate a price discovering phase and BTC would lead to an undetected trade area with successive maximum stands until the market participants build a new balance between supply and demand.

CoinTelegraph reported that Bitcoin is shortly before confirming a “golden cross” in his daily table, which historically preceded 45% to 60% price rally. Such a step coincides with the probability that BTC will reach new highs this month.

A monthly closure of almost 110,000 US dollars would mark a profit of 15 to 17% for Bitcoin in May, the strongest performance since 2019. This would significantly exceed the historical average monthly return of 8% for the month.

Relatives: Bitcoin signals a golden cross – what does it mean for BTC price?

Bitcoin would evaporate ‘shorts’ over $ 107,000

The Bitcoin researcher Axel Adler Jr. has found an important technical pattern in the current bull cycle from Bitcoin, which is displayed on three current cases of “compression” – a period of tightening the price ranges – measured by rolling/at least over 180 days.

The diagram shows that this compression often signals an upcoming outbreak, with the historical precedent of rally in 2017 when Bitcoin rose from $ 1,000 to $ 20,000.

The use of Bollinger ligaments in addition to the price range indicates that the volatility builds up within the current cycle. The third compression phase in 2025 reflects the 2017 cycle, in which the Bitcoin thermalization events and offer shocks do the retail FOMO and drive the most important price skills.

From the point of view of Bitcoin liquidation, over 3 billion US dollars in short lever positions are exposed to the risk of being liquidated if the BTC price is moved from USD EUR 110,000. In contrast, it would take a decline of 94,612 US dollars to trigger a similar amount in long liquidations. This sloping thesis indicates a greater probability that the price presses up to pursue liquidity on the sales side instead of falling lower.

The technical analyst Gert van Lagen found a similar outlook in which he explained that

“A liquidation magnet shines over 107,000 US dollars and is ready to evaporate billions in shorts. First, BTC rose with fear. Next, it will increase with liquidations.”

Relatives: Bitcoin trade in six-digit areas shows.

This article does not contain investment advice or recommendations. Every investment and trade movement is the risk, and readers should carry out their own research results if they make a decision.