The price of Bitcoin struggled to maintain its 2024 momentum in the first quarter of 2025, collapsing under macroeconomic uncertainty in the United States. While the cryptography market seemed ready to continue its misfortunes in early April, prices seek to recover their cycle peaks – thanks to the improvement of the market climate.
According to recent data of prices, the price of Bitcoin has increased by more than 25% until now during this quarter, outclassing most of the large capitalization assets during the same period. Interestingly, the first cryptocurrency seems to have more room for greater growing growth, its current high price which seems to be the next immediate target.
Three important levels to watch this 2nd quarter
In an article of May 17 on the X platform, the chain analyst Burak Kesmeci evaluated The potential for the price of bitcoin in the remaining weeks of this second quarter. In his latest analysis, The Crypto Pundit revealed three levels that could be essential to the trajectory of BTC prices.
The relevant indicator here is the golden multiplier report, which is useful mainly in monitoring the behavior of cyclical prices and identifying important price levels. This technical analysis tool applies multipliers based on fibonacci to the 350 -day mobile average (350dMA) to identify the potential summit and low price.
Kesmeci identified the levels of $ 127,000 and $ 159,000 such as resistance regions to monitor in this bull rally. More specifically, the level of $ 127,000 aligns with the 1.6x multiplier of the 350 -day movement means, which served as A High half-cycle during previous bull races.
Source: @burak_kesmeci on X
The level of $ 159,000, on the other hand, is correlated with the 2x multiplier of the 350DMA and historically reported the top of the cycle on the BTC market. However, the Bitcoin Prize should successfully violate the cycle cycle summit if there should be a chance to reach the level of $ 159,000.
In addition, Kesmeci has identified the most important level of support to monitor the price of bitcoin in the remaining days of the second quarter of the year. Based on the golden multiplier report, this cushion is $ 80,000 around the 350 -day mobile average, where long -term accumulation generally occurs. A fall under this support could invalidate the upward theory currently owned for the price of the BTC.
In the end, Kesmeci noted that the golden multiplier report is based on mobile averages and, therefore, the levels highlighted are subject to changes as the price of bitcoin moves in the coming days.
Bitcoin Price at a glance
To date, the value of the BTC oscillates approximately $ 103,275, without significant price movement in the last 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Istock star image, tradingview graphic
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