Key points:
Bitcoin analysis identifies the all-important price point to hold into the weekly close as all-time highs loom.
Liquidity is tightly clustered around current spot price, with $106,000 the likely next battleground.
Some traders are expecting the bid to enter price discovery to fail.
Bitcoin (BTC) preserved giant gains into the May 11 weekly close as analysis flagged the key level to hold next.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewAnalysis: BTC price can “kickstart the breakout process”
Data from Cointelegraph Markets Pro and
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