Over the past week, Bitcoin has shown movement in the distance range, with a price ranging between $105,000 and $101,000 with a slight gain of 0.60%. It is worth noting that the market has cooled over the past two weeks after the flagship cryptocurrency price jumped at 10.7% in early May. Interestingly, a crypto analyst (commonly known as Trader Alan) with X Hander Tatrader_alan highlighted a bullish pattern, pointing to a target price of about $115,000.
Bitcoin Climbs exactly: $115,000 may be the next stop
In the crypto market corrections expanded in 2025, Bitcoin prices fell from $109,000 in January to $75,000 in mid-April. The market rebound in the Prime Minister’s cryptocurrency has been impressive since reaching the local bottom at $74,600, up more than 39.1% in the past month to reach a local peak of $105,800. In the May 16 X post, trader Alan offers interesting technical insights into this uptrend, highlighting that Bitcoin has repeatedly produced the same leap in the dollar value and is separated by a merger period. Analysts’ trading table explained that when Bitcoin soared about $10,000, it entered 7-10 lateral consolidation before it resumed its rise.
Bitcoin’s leap from $75,000 to $85,000, followed by $95,000 and $105,000, repeatedly seeing this bullish behavior. With this model, leaders in the crypto market may have exceeded their $115,000 target in their current price consolidation. If this prediction realizes, Bitcoin will gain 10.57% from its current price, thus falling into new price discovery. This price movement is characterized by a strong upward trend marked by a healthy pause. Consolidation usually calms the market after a sharp run, allowing traders to accumulate preparations to think that the next leg is higher. Importantly, these merged zones often act as new levels of support, thereby enhancing the structure of the bull market.
Bitcoin whales keep stacking
Among other developments, top OKC partners and Binance Kol Ted Pillows reported that Bitcoin whales maintain impressive cumulative stripes. On May 15, the largest Bitcoin holder acquired 2,180 BTC worth $226,750,000, indicating strong market confidence.
In general, the massive accumulation of Bitcoin whales is a typical bullish signal, especially in the current uptrend, which suggests the strong potential for future price appreciation, according to trader Allen’s predictions. At press time, it fell 0.90% on the last day, and Bitcoin continued to trade for $103,281. Meanwhile, the trading volume of assets fell by 15.76%, indicating a decline in market interests.
