According to @godbole17, BTC rallied above 100,000 late last year and has mostly stayed above that level apart from dips in March and early April, indicating steady rather than euphoric demand, source: @godbole17. According to @godbole17, this cycle lacked the explosive god candles and retail mania seen in 2017 and 2020–21 because the high nominal price above 100,000 per coin encouraged cautious, measured buying from both retail and institutions, source: @godbole17. According to @godbole17, the incoming bear phase may include pullbacks into the low 70,000s, 60,000s, or even 50,000s, but it may not feel like a classic downturn given price anchoring at elevated nominal levels, source: @godbole17. According to @godbole17, those who observed BTC hold above 100,000 are likely to treat the bear phase as a buying opportunity, potentially driving a renewed demand wave toward 200,000 and beyond in the coming months, source: @godbole17. According to @godbole17, a possible macro trigger for a rapid upside candle is the Federal Reserve launching yield curve control, which could spark strong near-term momentum, source: @godbole17.

According to Mihir (@RhythmicAnalyst), BTC is at its most critical juncture, with current technical analysis indicating that Bitcoin must close above the $200,000 level to decisively break the ongoing flattening long-term wave. A close in the $100,000 range is likely insufficient to trigger a sustained breakout or shift in market structure, as per source. This insight signals to traders that significant momentum and volume are required for BTC to move beyond its consolidation phase, impacting both short-term trading strategies and long-term investment positioning in the crypto market. Source: Mihir (@RhythmicAnalyst) on Twitter, May 18, 2025.

According to Trader Tardigrade, Bitcoin ($BTC) has formed a giant rising wedge pattern, which historically indicates a potential upward surge before a significant price correction. The analysis suggests Bitcoin could target the $200,000 level based on current chart formations, but traders should remain cautious of a possible crash following this peak. This technical setup is critical for crypto market participants to monitor, as it may trigger high volatility and affect altcoin performance as well (Source: Trader Tardigrade on Twitter, May 16, 2025).