In the past week, Bitcoin showed a range -bound movement, with prices that oscillate between $ 105,000 and $ 101,000 to produce a slight profit of 0.60%. The Cryptocurrency flagship in particular has cooled a market in the last two weeks after a price of 10.7% early May. Interesting, a crypto analyst at X Handle Tatrader_alan, popularly known as Trader Alan, has emphasized a bullish pattern that indicates a price target of around $ 115,000.
Bitcoin Klimt with precision: $ 115,000 can be the next stop
In the midst of an extensive crypto market correction in 2025, the prices of Bitcoin crashed from $ 109,000 in January to less than $ 75,000 mid-April. Since the local soil has been $ 74,600, the Prime Minister Cryptocurrency has registered an impressive marketbound, with more than 39.1% in the past month to reach a local peak of $ 105,800. In one X On May 16, Trader Alan gave an interesting technical insight into this upward trend, with which Bitcoin repeatedly produced the same jump in dollar value, separated by a period of consolidation. The trade graph of the analyst explains that when Bitcoin sticks around $ 10,000, it goes aside a period of 7-10 before resuming his climb.
This bullish behavior is repeatedly seen with the Bitcoin jump from $ 75,000 to $ 85,000, then to $ 95,000 and $ 105,000. By going this pattern, the crypto market leader is tipped to hit the goal of $ 115,000 after a potential outbreak of his current price consolidation. If this projection realizes, Bitcoin would achieve a profit of 10.57% compared to the current prices, which broke a new price discovery. This type of price movement is characteristic of a strong upward trend characterized by healthy breaks. Due to the consolidations, the market can usually cool after sharp runs, allowing traders to gather higher in preparation for the next leg. It is important that these consolidation zones often act as new support levels, which strengthens the bull market structure.
Bitcoin -whales keep stacking
In other developments, top OKC partner and Binance Kol Ted cushions report That the bitcoinwalfissen retain an impressive accumulation streak. On 15 May, the largest Bitcoin holders acquired an extra 2,180 BTC with a value of $ 226,750,000, which indicates strong market confidence.
In general, large accumulations by Bitcoin -Walvissen are a typical bullish signal, especially in the midst of the current upward trend, which indicates a strong potential for future price rating in line with the prediction of Trader Alan. At the time of the press, Bitcoin continues to act at $ 103.281 after a decrease of 0.90% on the last day. Between combination, the trade volume of the active fell by 15.76%has fallen, which suggests a decrease in market interest rate.