Bitcoin has broken out of a narrow trading range around $103,000, reaching new multimonth highs near $107,000 before a quick 4% correction. Despite this volatility, the May 18 weekly close marked Bitcoin's highest ever. Traders are observing the impacts of US trade deals and macroeconomic factors on Bitcoin and altcoin movements. With a recent liquidity grab flushing out traders, analysts suggest waiting for clearer buying opportunities around the $100,000 mark. Bitcoin's weekly close at $106,500 keeps market participants optimistic about potential upward movement, although caution is advised. This week poses additional challenges as concerns over a US trade war and economic updates from the Federal Reserve unfold, with the crypto market reflecting some resilience amid stock market fluctuations. The correlation between Bitcoin and traditional markets remains mixed, complicating predictions for future price action, while volume delta trends show shifts in buying activity on major exchanges, indicating a need for careful market entry analysis.

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