{"id":29629,"date":"2025-06-01T04:01:37","date_gmt":"2025-06-01T04:01:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=29629"},"modified":"2025-06-01T04:01:37","modified_gmt":"2025-06-01T04:01:37","slug":"bitcoin-must-reclaim-106000-resistance-to-avoid-further-crash-analyst","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=29629","title":{"rendered":"Bitcoin Must Reclaim $106,000 Resistance To Avoid Further Crash \u2013 Analyst"},"content":{"rendered":"
\n

Since hitting a new all-high time above $111,000, Bitcoin has seen a significant market cool-off resulting in a price correction over the past week. According to data from CoinMarketCap<\/a>, Bitcoin declined by 4.36% in the past seven days forcing prices below $104,000.\u00a0<\/p>\n

To establish a bullish momentum, prominent crypto analyst with X username Daan Crypto has stated the premier cryptocurrency must decisively close above $106,000 which represents a pivotal price region in the current price structure.\n<\/p>\n

Bitcoin Price Out Of Consolidation Range \u2013 Downside Ahead?\u00a0<\/strong><\/h2>\n

Following the re-start of the crypto bull market<\/a> in April, Bitcoin has shown a specific price\u00a0 pattern marked by an estimated $10,000 price surge followed by a consolidation within a specific price range for about 7-10 days before another rally occurs.<\/p>\n

After its most recent ascent to $111,970 as a new ATH, BTC prices appeared to have settled in range bound movement between $106,000-$112,000 in preparation for another potential upswing. However, recent negative market reaction to factors including macro-economic pressure as reports suggest US-China trade talks<\/a> have hit a wall have forced prices below the consolidation zone to trade as low as $103,867.<\/p>\n

\"Bitcoin\"<\/p>\n

According to Daan Crypto in an X post<\/a> on May 30, Bitcoin bulls must reclaim the price range above $106,000 to halt the current decline and establish intentions to maintain the present uptrend.\u00a0<\/p>\n

Notably, a potential rejection at this price level would indicate that Bitcoin might have hit a market top at $111,970 and is due for a further price correction over the incoming weeks.\u00a0The potential of this bearish development is significantly high especially considering other factors including that the Bitcoin spot ETFs registered<\/a> a negative net inflow on May 29, marking\u00a0 the first time in over ten trading days.\u00a0<\/p>\n

Certain market analysts have opined on the potential of an overwhelming bearish pressure pinpointing price targets around $100,000-$102,000, while others believe<\/a> the premier cryptocurrency could set for a major price crash in alignment with the crypto market cycle.\n<\/p>\n

Bitcoin Price Overview<\/strong><\/h2>\n

At the time of writing, Bitcoin trades at $103,539 reflecting a loss of 2.60% in the past day. Meanwhile, the asset\u2019s daily trading volume is down by 2.24% indicating a slight fall in selling pressure in the market amidst the current decline.<\/p>\n

According to data from blockchain analytics firm Sentora<\/a>, over 1.27 million are presently in a decline due to Bitcoin\u2019s retracement. However, there is strong evidence to back a market rebound should prices retest the $100,000 region.<\/p>\n

\"Bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

Since hitting a new all-high time above $111,000, Bitcoin has seen a significant market cool-off resulting in a price correction over the past week. According to data from CoinMarketCap, Bitcoin declined by 4.36% in the past seven days forcing prices below $104,000.\u00a0 To establish a bullish momentum, prominent crypto analyst with X username Daan Crypto […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-29629","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29629","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29629"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/29629\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29629"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29629"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29629"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}