Last week, Bitcoin showed a range of range, and prices oscillate from 105,000 to USD 101,000 to get a miniature boost in 0.60%. In particular, the flagship cryptocurrency caused the market cooling in the last two weeks after 10.7% of the price at the beginning of May. Intriguing, cryptographic analyst from X Canda Tatrader_alan, popularly known as Trader Alan, emphasized the stubborn pattern, which indicates the price of approximately USD 115,000.
Bitcoin climbs precision: $ 115,000 can be the next stop
Among the extended correction of the cryptographic market in 2025. Bitcoins prices failed from USD 109,000 in January to less than USD 75,000 in mid -April. Since the local DNA at 74,600 USD, the Prime Minister of Cryptocurrency has recorded an impressive market reflection, rising by over 39.1% in the last month, reaching the local peak of 105,800 USD. IN X Post On May 16, Trader Alan provided an fascinating technical insight into this upward trend, emphasizing that Bitcoin has repeatedly produced the same dollar value, separated by the consolidation period. The commercial chart from the analyst explains that when Bitcoin drinks about USD 10,000, before resuming its resumption, it will enter 7-10 periods.
This stubborn behavior was repeatedly evident with Bitcoin jump from USD 75,000 to USD 85,000, and then up to USD 95,000 and USD 105,000. According to this pattern, the leader of the cryptocurrency market is to reach the destination of USD 115,000 after a potential breakthrough from current price consolidation. If this forecast is realized, Bitcoin will reach a 10.57% boost at current prices, hammering into a recent discovery of prices. This type of price movement is characteristic of a robust boost in vigorous breaks. Consolidations usually allow the market to nippy down on acute running, allowing traders to gather in preparation for the next higher leg. Importantly, these consolidation zones often act as recent levels of support, strengthening the structure of the bull market.
Bitcoin whales are still arranged
In other projects, Top Partner Okc and Binance Kol Ted pillows Reports that bitcoin whales maintain an impressive accumulation series. On May 15, the largest Bitcoin owners acquired an additional USD 2180 with a value of USD 226,750,000, which signaled robust market trust.
Basically, enormous accumulation of bitcoin whales are a typical signal stubborn, especially among the current upward trend, which will signal robust potential in the future at the price in accordance with the forecast of Alan’s salesman. During the Bitcoin press, it still trades at USD 103,281 after a drop of 0.90% on the last day. In the tandem, the volume of asset trading fell by 15.76%, which suggests a decrease in market interest.
