In the final week, Bitcoin confirmed a range-bound motion, with costs oscillating between $105,000 and $101,000 to supply a slight achieve of 0.60%. Notably, the flagship cryptocurrency has seen a market cool-off previously two weeks following a ten.7% worth leap in early May. Interesting, a crypto analyst with X deal with TATrader_Alan, popularly often known as Trader Alan, has highlighted a bullish sample that factors to a worth goal round $115,000.
Bitcoin Climbs With Precision: $115,000 May Be The Next Stop
Amidst an prolonged crypto market correction in 2025, Bitcoin costs crashed from $109,000 in January to lower than $75,000 in mid-April. Since hitting the native backside at $74,600, the premier cryptocurrency has recorded a formidable market rebound, rising by over 39.1% previously month to hit an area peak of $105,800.
In an X post on May 16, Trader Alan supplied an attention-grabbing technical perception into this uptrend, highlighting that Bitcoin has repeatedly produced the identical leap in greenback worth, separated by a interval of consolidation. The buying and selling chart from the analyst explains that when Bitcoin surges roughly $10,000, it enters a 7-10 interval of sideways consolidation earlier than resuming its ascent.
This bullish behaviour has been repeatedly seen with Bitcoin’s leap from $75,000 to $85,000, then to $95,000, and $105,000. Going by this sample, the crypto market chief is tipped to hit the $115,000 goal following a possible breakout from its present worth consolidation. If this projection realizes, Bitcoin would obtain a ten.57% achieve from present costs, breaking into a brand new worth discovery.
This form of worth motion is attribute of a powerful uptrend marked by wholesome pauses. The consolidations sometimes permit the market to chill off after sharp runs, permitting merchants to build up in preparation for the following leg greater. Importantly, these consolidation zones usually act as new help ranges, strengthening the bull market construction.
Bitcoin Whales Keep Stacking
In different developments, high OKC Partner and Binance KOL Ted Pillows reports that the Bitcoin whales are sustaining a formidable accumulation streak. On May 15, the most important Bitcoin holders acquired an extra 2,180 BTC valued at $226,750,000, signaling a powerful market confidence.
Generally, giant accumulations by Bitcoin whales are a typical bullish sign, particularly amidst the present uptrend, signalling a powerful potential for future worth appreciation according to Trader Alan’s prediction.
At press time, Bitcoin continues to commerce at $103,281 following a 0.90% decline within the final day. In tandem, the asset’s buying and selling quantity is down by 15.76%, suggesting a decline in market curiosity.
