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Navigating Bitcoin's Uncertain Waters: Key Levels and Market Signals to Watch This Week
Which way is BTC going to move?
The key to a $1.3T opportunity
A new trend in real estate is making the most expensive properties obtainable. It’s called co-ownership, and it’s revolutionizing the $1.3T vacation home market.
The company leading the trend? Pacaso. Created by the founder of Zillow, Pacaso turns underutilized luxury properties into fully-managed assets and makes them accessible to the broadest possible market.
The result? More than $1b in transactions, 2,000+ happy homeowners, and over $110m in gross profits for Pacaso.
With rapid international growth and 41% gross profit growth last year, Pacaso is ready for what’s next. They even recently reserved the Nasdaq ticker PCSO.
But the real opportunity is now, before public markets. Until 5/29, you can join leading investors like SoftBank and Maveron for just $2.80/share.
This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.
A soft start to Sunday has been experienced by Bitcoin after the 110,000 USD resistance level was not surpassed by bulls on Saturday. As was mentioned yesterday, the closing price today will be deemed crucial in determining whether a deeper price correction will occur next week.
According to liquidation and leverage data, a wholesale leveraged long bias remains in the market. The high probability liquidation areas, if a continued slide occurs, appear to be the 106,000 and 104,000 levels.
Next week, attention will be focused on tariff news, bond auctions, and Bitcoin ETF flows. Concern arises that if tariff comments continue from Trump, further choppy price action may be seen.
The Demark indicator being monitored shows a diminished bearish risk after the potential daily sell signal was not perfected. A move above the 114,750 level by bulls next week will be needed to completely negate the downside risk. A bearish target of 94,570 is considered a risk on the table if Bitcoin consolidates and begins to close daily candles below 103,285.
Comfort is taken from the Crypto Total Market Cap chart, which indicates that a downside pullback to 3 trillion USD is a worst-case scenario. The price chart is viewed as explosive, with a breakout potentially being just weeks or even days away, which could trigger a rise in altcoins.
According to Price Action Analysis, a weekly buy signal is maintained as long as a price close above the 106,300 level is achieved. A price close above 108,400 is preferred for a stronger technical backdrop for Bitcoin next week.
The steepness of momentum indicator continues to validate further bullish price action for Bitcoin. However, some nervousness exists regarding the possibility of another downside shakeout before a higher trend, as the market typically reacts negatively to tariffs.
Short-Term: Long This trade will be monitored closely. If serious concerns about the stop loss being hit arise, the trade will be cut.
Long: 106,900 USD
Stop Loss: 102,700 USD
Target: 120,000 USD
Medium-Term: Long This trade will appear much better if a crossing above 114,700 occurs next week and remains above this area.
Long: 82,000 USD
Stop Loss: 82,000 USD
Target: 150,000 USD
Long-Term: Long It is believed that if the cycle plays out to its full extent, Bitcoin could achieve 230,000. The target will be adjusted if market conditions warrant it. It is believed that the price of Bitcoin should not fall below 72,000, as a crash is likely in that scenario. The stop loss is set wider to accommodate a potential final stop hunt.
Long: 79,000 USD
Stop Loss: 65,000 USD
Target: 180,000 USD
The key to a $1.3T opportunity
A new real estate trend called co-ownership is revolutionizing a $1.3T market. Leading it? Pacaso. Led by former Zillow execs, they already have $110M+ in gross profits with 41% growth last year. They even reserved the Nasdaq ticker PCSO. But the real opportunity’s now. Until 5/29, you can invest for just $2.80/share.
This is a paid advertisement for Pacaso’s Regulation A offering. Please read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals. Under Regulation A+, a company has the ability to change its share price by up to 20%, without requalifying the offering with the SEC.