According to Material Indicators, Bitcoin has lost its 21-day moving average, and shifts in order book and order flow suggest an increased probability of a support test at the $100,000 level or potentially lower. The 2025 yearly open is highlighted as the most critical support on the chart. FireCharts data reveals approximately $20 million in BTC bid liquidity is currently stacked at key levels, indicating significant buy-side interest that traders should monitor for potential rebounds or further downside pressure (Source: Material Indicators on Twitter, May 30, 2025).

According to Material Indicators (@MI_Algos), Bitcoin (BTC) is nearing a crucial support test at the 2025 Yearly Open price level. If this support fails to hold, traders should note a significant cluster of technical support exists around the primary moving averages (MAs), which could act as a buffer against further downside. This technical setup highlights important price levels for BTC traders to monitor for potential entries, exits, or risk management opportunities, especially as volatility increases near these long-term support zones. Source: Material Indicators Twitter, May 6, 2025.

According to Material Indicators, BTC price has faced rejection at the 2025 Yearly Open, presenting a potential scenario of either a bearish retrace or a bullish support test. The analysis highlights the importance of the 100-Day Moving Average as a critical support level, which is backed by significant bid liquidity as shown by FireCharts. Traders are advised to monitor this level closely for potential market movements.