Bitcoin Catches Its Breath After the Rally – Technical Analysis For May 6, 2025

Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin takes a pause after a bullish surge: find our complete analysis and the current technical outlook of BTC. In BriefBTC/USD Technical Analysis: Bitcoin remains in a bullish momentum despite a consolidation phase. The slowdown in momentum and declining volumes call for caution in the short term.Bitcoin Technical Levels (BTC): The price is moving between nearby resistances likely to block the rise and strong supports that offer accumulation zones in case of correction.Market Sentiment: The sentiment is clearly optimistic, driven by risk appetite and positive institutional flows via Bitcoin spot ETFs.Derivatives Analysis (BTC/USDT): Derivatives market indicators show a neutral, stable market, without sharp positioning or notable tension between buyers and sellers.Bitcoin (BTC) Price Forecasts: The bullish scenario prevails as long as supports hold, but upcoming macroeconomic decisions will be crucial to confirm or reverse the trend.BTC/USD Technical AnalysisBitcoin has consolidated around $94,192 since its surge on April 23, initiating a notable recovery. The weekly change stands at +0.53%, marking a pause after the strong +10% rebound the previous week, indicating a market taking a breather. Weekly volumes have declined to $32 billion (-28%), reflecting a slowdown in activity. Trends remain bullish on all three horizons: long term (SMA 200) with intact momentum, medium term (SMA 50) in a bullish reversal, and short term (SMA 20) confirming a recent bullish trend. However, momentum is declining, calling for short-term caution.IndicatorStatusCommentSpot Price$94,192Bitcoin consolidates around $94,000 since its April 23 surge, after starting a notable recovery.Recent Weekly Changes+0.53%Modest increase this week after a +10% jump, indicating a market in a breathing phase.Recent Weekly Volumes$32B (-28%)Activity slowdown after the previous week’s bullish momentum.Long-term Trend (SMA 200)BullishTrend intact, supporting a positive long-term bias.Medium-term Trend (SMA 50)BullishConstructing a bullish reversal.Short-term Trend (SMA 20)BullishConfirms a recent and fast bullish dynamic.MomentumDecliningBullish momentum but in decline, indicating market slowdown.Bitcoin Technical Levels (BTC)IndicatorStatusCommentResistances$99,000 – $100,000 / $102,500Critical zones, potential distribution thresholds.Support$91,700 / $82,800Major defense levels, probable accumulation zones.Last Daily Breakout$88,745Resistance breached, bullish bias relaunched.Monthly Pivot Point$88,177Reference level for the month’s trend below the price.High Value Area$96,500High volume zone; upper bound of a market balance, beyond which imbalance may emerge.Low Value Area$67,340High volume zone; lower bound of a market balance, beyond which imbalance may appear.Bitcoin is trading between key technical levels. Major resistances are between $99,000 and $100,000, extending to $102,500, critical distribution zones. Main supports at $91,700 and $82,800 are defense and probable accumulation zones. The recent break above $88,745 on the daily chart relaunches a bullish bias. The monthly pivot at $88,177, now below price, confirms this positive momentum. In volume, the high value area at $96,500 marks an upper equilibrium boundary, while the low value area at $67,340 represents a threshold for imbalance in case of a pullback.Market SentimentMarket Sentiment (Fear & Greed Index)GreedEuphoric sentiment confirming the return of risk appetite.BTC Spot ETF Flows (net flows)Significant inflowsInstitutional flows support the current trend.Market sentiment remains marked by greed, confirming a return of risk appetite. Bitcoin spot ETFs record significant net inflows, highlighting institutional support for the ongoing trend.BTCUSD Chart on Daily TimeframeThe current technical analysis was conducted in partnership with Elyfe, and 0xhugzer, investors and educators in the cryptocurrency market.Derivatives Analysis (BTC/USDT)IndicatorStatusCommentOpen InterestStableLimited speculative positioning, no strong conviction.CVDBalanced flowNo directional signal, balanced buying and selling flows.LiquidationLow, unbiasedStable liquidations, no sign of capitulation.Funding RateNeutralFunding close to balance, market shows no apparent tension.Market sentiment indicators remain neutral and uncommitted. Open interest is stable, reflecting limited speculative positioning and no marked conviction. The CVD shows balanced buying and selling flows, with no clear directional signal. Liquidation levels remain low, unbiased, and without signs of capitulation. Finally, the funding rate is neutral, close to balance, indicating a market without apparent tension between buyers and sellers.Open Interest / Liquidations / CVD & Funding rateIndicatorStatusCommentSeller Liquidation Zones≈ $98,000 – $100,900 & $107,200 – $110,551.Sensitive zones in case of breakout, risk of movement amplification.Buyer Liquidation Zones≈ $92,600 / $89,300 – $88,500 & $87,700 – $85,570 / $84,000 – $80,000.Critical thresholds on the downside, potential flush zones.The main liquidation zones for short positions are between $98,000 and $100,900, then between $107,200 and $110,551. Breaching these critical levels could strengthen a bullish acceleration. Conversely, buyer liquidation zones extend from $92,600 to $89,300, then between $88,500 and $87,700, as well as at $85,570, and finally between $84,000 and $80,000, the latter range representing a strategic threshold in case of prolonged correction without buying support.Liquidation HeatmapBitcoin (BTC) Price ForecastsBullish Scenario:Conditions: Maintain above $91,700.Targets: $97,920 / $99,000 – $100,000 / $102,500 / $107,000 – $109,354 (ATH).Potential: approximately +16% increase from current level.Bearish Scenario:Conditions: Break of support at $91,700.Targets: $92,600 / $89,300 / $86,400 / $84,000 – $80,000.Potential: approximately -15% decrease from current level.Comment:The bias currently remains bullish, but macroeconomic indicators (FOMC conference, FED interest rate decisions, etc.) will be decisive in validating this scenario.ConclusionBitcoin maintains a bullish momentum, despite a pause after its recent surge. The momentum is slowing down and activity is declining, calling for short-term caution. Sentiment remains favorable, supported by investor interest, in a stable market. Short-term future variations will depend on the expected economic news. In this context, it will be essential to closely monitor price reactions at strategic levels to confirm or adjust current forecasts.Finally, let us remind you that these analyses are based solely on technical criteria, and that cryptocurrency prices can rapidly change depending on other more fundamental factors.Did you find this study interesting? Check out our latest Solana analysis.Maximize your Cointribune experience with our “Read to Earn” program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.ElyfeSpécialiste en analyse technique, Elyfe décrypte les tendances graphiques des marchés des cryptomonnaies avec une approche rigoureuse et en constante évolution. À travers ses analyses détaillées, il apporte un regard éclairé sur la dynamique des prix, aidant les investisseurs et passionnés à mieux comprendre et anticiper les mouvements du marché.Disclaimer:The contents and products mentioned on this page are in no way approved by Cointribune and should not be interpreted as falling under its responsibility.Cointribune strives to communicate all useful information to readers, but cannot guarantee its accuracy and completeness. We invite readers to do their research before taking any action related to the company and to take full responsibility for their decisions. This article should not be considered as investment advice, an offer, or an invitation to purchase any products or services.Investment in digital financial assets carries risks. Read more function launch_facebook_pixel() { !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window,document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '399446674556272'); fbq('track', 'PageView'); } function launch_google_analytics() { var el = document.createElement('script'); el.setAttribute('type', 'text/javascript'); el.setAttribute('async', true); el.setAttribute('src', '//www.googletagmanager.com/gtag/js?id=G-MCDLS7NHBD'); document.body.append(el); window.dataLayer = window.dataLayer || []; function gtag(){dataLayer.push(arguments);} gtag('js', new Date()); gtag('config', 'G-MCDLS7NHBD', {'anonymize_ip': true}); gtag('config', 'G-MCDLS7NHBD', {'link_attribution': true}); } function launch_linkedin_pixel() { _linkedin_partner_id = '3766114'; window._linkedin_partner_id = '3766114'; window._linkedin_data_partner_ids = window._linkedin_data_partner_ids || []; window._linkedin_data_partner_ids.push(_linkedin_partner_id); (function(l) { if (!l){window.lintrk = function(a,b){window.lintrk.q.push([a,b])}; window.lintrk.q=[]} var s = document.getElementsByTagName('script')[0]; var b = document.createElement('script'); b.type="text/javascript";b.async = true; b.src="https://snap.licdn.com/li.lms-analytics/insight.min.js"; s.parentNode.insertBefore(b, s);})(window.lintrk); } function launch_microsoft_clarity() { if (typeof window.clarity !== 'undefined') { window.clarity("consent"); } } function launch_loyalty_program_1world() { if (typeof window.OWOStorageSolutionManager !== 'undefined' && typeof window.OWOStorageSolutionManager.allow !== 'undefined') { window.OWOStorageSolutionManager.allow(); } } (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l="+l:"';j.async=true;j.src="https://www.googletagmanager.com/gtm.js?id="+i+dl;f.parentNode.insertBefore(j,f);}) (window,document,'script','dataLayer','GTM-KCC4DFK'); document.addEventListener('DOMContentLoaded', function() { var el = document.createElement('script'); el.setAttribute('type', 'text/javascript'); el.setAttribute('async', true); el.setAttribute('src', 'https://www.clarity.ms/tag/' + 'j0pngcg8ry'); document.body.append(el); window.clarity = window.clarity || function() {(window.clarity.q = window.clarity.q || []).push(arguments);}; }); void 0 === window._axcb && (window._axcb = []); window._axcb.push((axeptio) => { axeptio.on("cookies:complete", (choices) => { if (choices.google_analytics) { launch_google_analytics(); } if (choices.facebook_pixel) { launch_facebook_pixel(); } if (choices.Linkedin) { launch_linkedin_pixel(); } if (choices.clarity) { launch_microsoft_clarity(); } if (choices.loyalty_program) { launch_loyalty_program_1world(); } else { if (typeof window.OWOStorageSolutionManager !== 'undefined' && typeof window.OWOStorageSolutionManager.disable !== 'undefined') { window.OWOStorageSolutionManager.disable(); } } }); }); window.axeptioSettings = { clientId: '60df16cf7559213aac28972d', cookiesVersion: 'EN', googleConsentMode: { default: [ { analytics_storage: 'denied', ad_storage: 'denied', ad_user_data: 'denied', ad_personalization: 'denied', wait_for_update: 500, }, { region: ['US'], analytics_storage: 'granted', ad_storage: 'granted', ad_user_data: 'granted', ad_personalization: 'granted', wait_for_update: 500, } ] } }; document.addEventListener('DOMContentLoaded', () => { var el = document.createElement('script'); el.setAttribute('type', 'text/javascript'); el.setAttribute('async', true); el.setAttribute('src', 'https://loyalty-wleu.1worldonline.com/points-balance-widget.js'); document.body.append(el); if (typeof window.OWOStorageSolutionManager !== 'undefined' && typeof window.OWOStorageSolutionManager.disable !== 'undefined') { window.OWOStorageSolutionManager.disable(); } const urlParams = new URLSearchParams(window.location.search); if (urlParams.has('logged-out') && urlParams.get('logged-out') === '1') { const checkFunctionExist = setInterval(() => { if (typeof window.logout1WO === 'function') { setTimeout(window.logout1WO, 500); clearInterval(checkFunctionExist); } }, 100); } }); Source link