Source: Cointelegraph.com NewsKey takeaways:<\/p>\n
An end-of-month Bitcoin price close above $102,400 would set the highest monthly close ever, proving the bull market continues at a rapid pace.
\nOver $3 billion in Bitcoin short positions are vulnerable above $107,000, creating a \u201cliquidation magnet\u201d that could send BTC price to new highs.<\/p>\n
Bitcoin (BTC) is 11 days from potentially setting its highest monthly candle close in history. After achieving a record weekly close of $106,407 on May 18, BTC could secure a new monthly high by closing above $102,400 this month. Source: Cointelegraph.com NewsKey takeaways: An end-of-month Bitcoin price close above $102,400 would set the highest monthly close ever, proving the bull market continues at a rapid pace. Over $3 billion… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129639"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129639"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129639\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129639"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBitcoin 1-month chart. Source: Cointelegraph\/TradingViewWith respect to its current market trend, Bitcoin is inches away from a \u2018price discovery\u2019 period, as noted by crypto trader Jelle.
\nPrice discovery in this context refers to the process where buyers and sellers interact at an undefined or non-traded range to determine the market price of an asset.
\nA break above Bitcoin’s all-time high of $110,000 would initiate a price discovery phase, driving BTC into an uncharted trading range with successive higher highs until market participants establish a new equilibrium between supply and demand.
\nCointelegraph reported that Bitcoin is close to confirming a \u201cgolden cross\u201d on its daily chart, which has historically preceded 45% to 60% price rallies. Such a move coincides with the probability of BTC hitting new highs this month.
\nA monthly close near $110,000 would mark a 15% to 17% gain for Bitcoin in May, its strongest May performance since 2019. This would significantly surpass the historical average monthly return of 8% for the month.
\nBitcoin historical monthly returns. Source: CoinGlassRelated: Bitcoin is signaling a golden cross \u2014\u00a0What does it mean for BTC price?
\nBitcoin would vaporize \u2018shorts\u2019 above $107,000
\nBitcoin researcher Axel Adler Jr. has noted a key technical pattern in Bitcoin\u2019s current bull cycle, pointing to three recent instances of \u201ccompression\u201d\u2014a period of tightening price ranges\u2014measured by rolling maximum\/minimum over 180 days.
\nThe chart indicates that this compression often signals an impending breakout, with historical precedent set by the 2017 rally when Bitcoin surged to $20,000 from $1,000.
\nBitcoin 180-day price high and low analysis. Source: X.comUsing Bollinger Bands alongside the price range suggests that volatility is building within the current cycle. The third compression phase in 2025 mirrors the 2017 cycle, where the Bitcoin halving events and supply shocks fueled retail FOMO, driving major price rallies.
\nFrom the vantage point of Bitcoin liquidation, over $3 billion in short leveraged positions are at risk of being liquidated if BTC price moves to $110,000 from $105,000. In contrast, it would take a drop to $94,612 to trigger a similar amount in long liquidations. This skew suggests a higher probability of the price pushing upward to chase liquidity on the sell-side rather than dropping lower.
\nTechnical analyst Gert van Lagen noted a similar outlook, stating,
\n\u201cA liquidation magnet is glowing above $107K, ready to vaporize billions in shorts. First, BTC soared on fear. Next, it’ll rise on liquidations.\u201d
\nBitcoin liquidity levels. Source: X.comRelated: Bitcoin trading in six-figure territory shows BTC is ready to carry gold\u2019s \u2018baton\u2019 \u2014 Fidelity exec
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"