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    Home»Bitcoin»Bitcoin Bulls Poised? BTC Consolidates Close to ATH With Eyes on Larger Highs
    Bitcoin Bulls Poised? BTC Consolidates Close to ATH With Eyes on Larger Highs
    Bitcoin

    Bitcoin Bulls Poised? BTC Consolidates Close to ATH With Eyes on Larger Highs

    By Crypto EditorMay 23, 2025No Comments3 Mins Read
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    Motive to belief

    Bitcoin Bulls Poised? BTC Consolidates Close to ATH With Eyes on Larger Highs

    Strict editorial coverage that focuses on accuracy, relevance, and impartiality

    Created by trade consultants and meticulously reviewed

    The best requirements in reporting and publishing

    Strict editorial coverage that focuses on accuracy, relevance, and impartiality

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    Bitcoin value began a recent enhance and traded to a brand new all-time excessive above the $111,500 zone. BTC is now consolidating and would possibly intention for a rise towards $113,200

    • Bitcoin began a recent upward transfer from the $108,000 zone.
    • The worth is buying and selling above $108,000 and the 100 hourly Easy transferring common.
    • There’s a key bullish pattern line forming with assist at $110,000 on the hourly chart of the BTC/USD pair (knowledge feed from Kraken).
    • The pair might achieve bullish momentum if it clears the $112,000 resistance.

    Bitcoin Worth Units New ATH

    Bitcoin value began a recent enhance from the $105,000 assist zone. BTC fashioned a base and was in a position to clear the $108,000 resistance zone. The bulls pushed the worth above $110,000.

    The bulls even pumped the worth above the $111,500 resistance zone. The worth traded to a brand new all-time excessive close to $111,980 and is at the moment consolidating positive aspects above the 23.6% Fib retracement stage of the upward transfer from the $104,270 swing low to the $111,980 excessive.

    Bitcoin is now buying and selling above $109,000 and the 100 hourly Easy transferring common. There’s additionally a key bullish pattern line forming with assist at $110,000 on the hourly chart of the BTC/USD pair.

    Bitcoin Price
    Supply: BTCUSD on TradingView.com

    On the upside, instant resistance is close to the $112,000 stage. The primary key resistance is close to the $112,500 stage. The subsequent key resistance might be $113,200. An in depth above the $113,200 resistance would possibly ship the worth additional increased. Within the acknowledged case, the worth might rise and take a look at the $115,000 resistance stage. Any extra positive aspects would possibly ship the worth towards the $118,000 stage.

    Are Dips Supported In BTC?

    If Bitcoin fails to rise above the $112,000 resistance zone, it might begin one other correction. Rapid assist on the draw back is close to the $110,000 stage and the pattern line. The primary main assist is close to the $108,200 stage and the 50% Fib retracement stage of the upward transfer from the $104,270 swing low to the $111,980 excessive.

    The subsequent assist is now close to the $107,200 zone. Any extra losses would possibly ship the worth towards the $106,000 assist within the close to time period. The primary assist sits at $105,000, beneath which BTC would possibly achieve bearish momentum.

    Technical indicators:

    Hourly MACD – The MACD is now gaining tempo within the bullish zone.

    Hourly RSI (Relative Energy Index) – The RSI for BTC/USD is now above the 50 stage.

    Main Help Ranges – $110,000, adopted by $108,200.

    Main Resistance Ranges – $112,000 and $113,200.



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