Related: Bitcoin exchange outflows mimic 2023 as whales buy retail 'panic'Alan noted declining volume as price moved higher, repeated wicks below the yearly open and a “down” signal on one of Material Indicators’ proprietary trading tools.“For me, a pump above $95k would invalidate the new signal, but I'd probably consider such a move to be a short squeeze unless we have a catalyst with some substance behind it,” he summarized.BTC/USD 1-day chart.
Source: CoinGlassReacting, popular trader Daan Crypto Trades underscored the importance of the current price range in the context of the Bitcoin bull market.“Trading back above the Bull Market Support band as we speak,” he wrote in an X post, referring to a cluster of moving averages lost as support earlier in 2025.“A weekly close above this level would be a good look for the larger timeframe and I'd expect new highs at some point as long as it holds above.”BTC/USDT 1-week chart.
Source: Daan Crypto Trades/XOthers were cautious, with fellow trader Skew revealing a tug-of-war between a large-volume buyer and seller.“Price would be a lot lower than it is now without the passive buyer matching this market selling,” he warned alongside an order book print.“Eventually one will throw in the towel & volatility will follow through.”BTC/USDT 1-minute chart with liquidity data.
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Author / Journalist: Cointelegraph by William Suberg
The story "Bitcoin spikes to 7-week highs as analyst doubts chances of $100K rebound" has 459 words across 15 sentences, which will take approximately 2 - 4 minutes for the average person to read.
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