In our Bitcoin Last Sunday After recapturing the $ 100,000 brand and close consolidation between $ 102,000 and $ 104,000, we had a possible, Bullish Breakout on the top, whereby a projected all -time high would have been around $ 110,000 in realms.
► Bitcoin ISIN: XC000A2YY636 | WKN: A2YY63 | Ticker: BITCOIN
The overarching picture for Bitcoin
Due to the report on Monday or on Sunday evening that a deal in the trade war between the United States and China has been emerging between the USA and China, and “considerable progress” was made in the recent conversations and specifically reduces China to US goods from 125 % to 10 %, reducing its tariffs to Chinese goods from 145 % to 30 % at the same time. If neither the United States nor China wanted a decoupling, there was an attempted break higher on the top in Bitcoin, which initially saw no further momentum.
Bitcoin chart analysis – Daily
Nevertheless, the technical picture in Bitcoin did not change in my assessment, because the bears could not bring the number 1 cryptocurrency back to the psychologically interesting $ 100,000 mark based on market capitalization. As a result, a Bullisher Break, with a price target in realms by $ 110,000, remains a realistic option in the coming days and Bitcoin could mark new all -time highs.
However, I think that it is also important to act a little carefully, I would initially only act as a pure momentum long play. It would not be possible to rule out that after a short bullish intermezzo it would come back to the established range between $ 101,000 and $ 105,000, possibly even back to a case back to the $ 100,000 mark that would cloud the short -term bullish image more clearly.
Bitcoin chart analysis – hour
Bitcoin – Trading Setups:
Technically, the advantage is currently clearly long, our focus is on the Bullish consolidation between $ 101,000 and $ 105,000. A breakout from this consolidation on the top could be considered for a momentum long setup with the goal of new all-time highs over $ 108,000.
Long setup:
A “long play” is interesting with a break of $ 105,000 as a momentum trade, closely secured with a stop in the area around $ 101,000 and potential target in the area of at least $ 108,000, rather higher in the coming days.
Short setup:
In my assessment, short trades are initially out of the question, in my opinion the recent Price Action suggests that the bulls have clearly recaptured the helm.
Bitcoin at the weekend, the video, May 17th, 2025:
https://www.youtube.com/watch?v=8oqgijufz30
source: XStation55 from XTB
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