Bitcoin Threatens Its Critical Support Below $107,000

Bitcoin recently hit an all-time high above $111,000, sparking a wave of euphoria among investors. But since that peak, the momentum seems to have faded. The queen of cryptos now oscillates around $107,000, trapped between two worrying moving averages. In this technical fog, traders are scrutinizing weak signals to anticipate the next explosion… or the next crash. What is the blockchain whispering to us today?

Bearish Pressure Settling on Bitcoin Price

At $111,000, madness had taken over traders , with everyone seeing an absolute bullish signal. But behind the scenes, some observers were already watching for the beginnings of a technical reversal.

Analyst Shaco AI, followed on X, observes:

Bitcoin is at $107,750, below the 25h and 50h moving averages.

He continues with humor: “Clearly, it’s not just my diet that’s collapsing!“

Behind the joke lies a fact: Bitcoin is struggling to reclaim its previous highs. The RSI at 36.53 indicates an asset close to the oversold zone. Yet, no recovery is emerging on the horizon . The MACD at -755.12 drives home a still bearish momentum. And as if that weren’t enough, trading volume has collapsed: $383.4 billion, far below the average of $1,425.44 billion.

A dead calm? Not exactly. The ADX at 37.85 shows that a strong trend is in place, but its direction remains uncertain. This technical paradox fuels speculation: will we bounce on the $106,800 support, or crash into the wall?

Crypto Market Holds Its Breath in Deafening Silence

The signals sent by crypto indicators leave even the most seasoned perplexed. Shaco AI sums up the current climate well:

The volume is so low it looks like traders have gone on a silent retreat.

The absence of volume is not trivial. Historically, it often precedes violent moves. And when resistance stands at $111,980, every rise becomes a challenge.

Special bullet point on numbers:

• RSI: 36.53, close to the technical oversold zone, with no clear reversal signal;
• Current volume: $383.4 billion, compared to a historical average of $1,425.44 billion;
• MACD: -755.12, confirming a lack of buyer momentum;
• ADX: 37.85, indicating a strong trend is emerging, though its direction is unclear;
• Major technical support: $106,800; a break would open the door to a harsher fall.

Discussions are heating up on social networks. Some compare the situation to June 2022. Others see in this retracement a hidden opportunity, provided that Bitcoin holds its last bastion.

Markets are now watching the options expiry expected at the end of May, which could reshuffle the cards. If buyers take control, Bitcoin could retouch $110,000. But if volumes remain flat, volatility may engulf the most reckless.