Analyst: BTC approaches the key resistance level of $106,000, the profit-taking by whales may increase

2025-05-13 09:31:04

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ChainCatcher news, according to Cointelegraph, the data analysis platform Alphractal pointed out that the momentum of Bitcoin's rise is slowing down, with BTC approaching the resistance level of $106,000 and retesting that range, increasing the risk of profit-taking by whales.

Alphractal CEO Joao Wedson stated that, from the charts, Bitcoin is currently approaching the "Alpha price" range, which is a position where long-term holders or whales may choose to take profits.

From a liquidation perspective, the risk of a "long squeeze" is also rising. If the price of Bitcoin falls to $100,000, it would trigger the liquidation of large leveraged long positions. This price range may attract the price, leading to another test of this key psychological level.

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