According to Trader Tardigrade on Twitter, Bitcoin ($BTC) is currently forming a Bull Pennant pattern, a technical indicator that often precedes strong upward price movements (source: Trader Tardigrade Twitter, May 10, 2025). Traders monitoring this pattern should watch for a breakout above the upper trendline, which could signal a continuation of the current bullish trend. The Bull Pennant is gaining attention among crypto traders, highlighting increased market optimism and potential for significant price action in the near term.

According to Matt Hougan, year-to-date Bitcoin data shows that new BTC supply stands at only 58,109 coins, while new demand from public companies has reached 161,203 BTC, ETFs have added 52,077 BTC, and governments have accumulated 14,006 BTC (source: Matt Hougan on Twitter, May 9, 2025). This results in a total new demand of 227,286 BTC, greatly outpacing new supply. For traders, this significant imbalance suggests persistent upward price pressure, heightened scarcity, and potential volatility, making BTC an attractive asset for momentum and breakout trading strategies.

According to Lookonchain, after a significant increase in Bitcoin price, two wallets—likely controlled by the same whale—opened massive short positions on BTC totaling $127.7 million, using 11x and 40x leverage. The reported liquidation prices are $104,600 and $103,470, with current unrealized losses near $2 million. These aggressive short positions highlight increased bearish sentiment among large holders and have introduced substantial volatility to the crypto derivatives market. Traders should monitor these positions for potential liquidation events, as forced closures could trigger rapid upward price movements and present high-risk, high-reward opportunities for both long and short strategies (Source: Lookonchain via Twitter, hypurrscan.io).

According to Crypto Rover on Twitter, the recent bounce in Bitcoin's price action is likely to propel the cryptocurrency towards new all-time highs (ATHs). Rover highlights that the current support level has held firm, which historically has led to significant bullish momentum in Bitcoin's price (source: Crypto Rover, Twitter, May 5, 2025). Traders may consider monitoring breakout confirmations and volume spikes, as these indicators have previously signaled strong upward trends following similar bounce patterns. The analysis suggests that maintaining close watch on resistance levels and potential profit-taking zones is crucial for maximizing upside potential during this trading phase (source: Crypto Rover, Twitter).

According to @OnChainCollege, a significant number of Bitcoin was acquired by holders between the $95,000 and $98,000 levels. This price range now acts as a resistance zone, as many BTC holders may look to exit at breakeven. The situation is further intensified by increasing profits among long-term holders (LTHs), leading to additional potential sell pressure at this range. If Bitcoin achieves a decisive breakout above this resistance, it could pave the way for price discovery beyond the $100,000 mark. Traders should monitor this zone closely for signs of profit-taking and breakout momentum (source: @OnChainCollege, Twitter).

According to @danheld, Peter Schiff acknowledged Bitcoin's potential as 'Gold 2.0' in a 2013 interview, highlighting its scarcity and digital nature as trading advantages (source: Twitter/@danheld, April 28, 2025). Schiff's early comparison of Bitcoin to gold provided traders with a framework to analyze BTC as a hedge against fiat currency debasement. This perspective informed long-term bullish trading strategies, with Bitcoin's price appreciation since 2013 supporting its role as a digital store of value. Traders today can reference Schiff's initial analysis to understand historical sentiment shifts and evaluate Bitcoin's correlation to gold for portfolio diversification (source: Twitter/@danheld).

According to Crypto Rover, the most critical Bitcoin price levels for traders in 2025 are clearly outlined in his recent chart analysis (source: @rovercrc, Twitter, April 28, 2025). The chart highlights a key support zone near $60,000, which has repeatedly acted as a strong buy area in recent months. On the upside, resistance is identified close to $73,000, a level Bitcoin has struggled to break above. Traders are watching these zones for potential breakout or reversal trades, as price reactions at these levels historically signal significant market moves (source: Crypto Rover, Twitter). Understanding these support and resistance zones is essential for effective entry and exit planning in Bitcoin spot and futures trading.

According to Bold (@boldleonidas) on Twitter, the recent market post highlights the current positioning of Bitcoin within its trading cycle, indicating the asset's proximity to historically significant support levels. The attached chart suggests that Bitcoin is nearing a zone where previous cycles have found strong buying interest, which could be relevant for traders monitoring potential entry points or reversals (source: @boldleonidas on Twitter, April 26, 2025). Market participants should closely observe price action near these levels, as historical patterns may influence short-term trading strategies.

According to Skew Δ, Bitcoin ($BTC) experienced a $12.5 million short liquidation, indicating aggressive trading activity and ongoing PvP (player vs. player) dynamics in the market (source: Skew Δ on Twitter, April 25, 2025). The data shows Coinbase is supporting the taker bid with significant buying pressure, while a notable passive buyer remains active on Binance spot. This suggests heightened volatility and liquidity, with market participants closely watching order book imbalances and potential further liquidations.