🔥 BTC on Fire: Laser-Focused Climb Toward $115,000! Bitcoi
CryptoPotato
Updated at: 5 hours ago
{"content":"🔥 BTC on Fire: Laser-Focused Climb Toward $115,000!
Bitcoin prices fell from $109,000 in January to less than $75,000 in mid-April 2025 after a crypto market downturn. The primary cryptocurrency has rebounded 39.1% in the last month to $105,800 from $74,600.
Trader Alan noted in an X post on May 16 that Bitcoin has consistently made the same dollar value surge, followed by consolidation. When Bitcoin rises $10,000, the analyst's trading chart shows a 7-10 period of horizontal consolidation before rising again.
Bitcoin has shown bullish behavior from $75,000 to $85,000, $95,000, and $105,000. Based on this trend, the crypto market leader may break out of its price consolidation and touch $115,000. If accurate, Bitcoin will rise 10.57% from current levels, a new price discovery.
Price movement like this indicates a solid rise with reasonable pauses. After steep runs, consolidations enable traders to amass for the next step upward. Importantly, consolidation zones typically become fresh support levels, bolstering bull markets.
Bitcoin Whales Grow
In other news, OKC Partner and Binance KOL Ted Pillows notes that Bitcoin whales are accumulating well. On May 15, the top Bitcoin holders bought 2,180 BTC worth $226,750,000, indicating market confidence.
Large Bitcoin whale accumulations, particularly during the present boom, indicate a great possibility for future price growth, as Trader Alan predicted.
Bitcoin was at $103,281 at press time after falling 0.90% the day before. Trading volume has dropped 15.76%, indicating market interest has declined.
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