{"content":"Critical Bitcoin Price Consolidation Builds Momentum Bitcoin has entered a predictable but prudent consolidation phase after a spectacular breakthrough that brought it beyond $100,000. Bitcoin is trading at $103,000 today, and technical analysis suggests this may be the quiet before another run toward $106,000 to $110,000. Critical Bitcoin Price Consolidation Builds Momentum The advance from the $97,860 breakout zone to the $104,300 resistance region indicated a distribution phase, and Bitcoin is trading between $104,300 and $102,300. The price surge slowed significantly in the previous 48 hours. Crypto researcher RLinda said this range-bound trend indicates bullish continuation, not weakening. A comeback from $103,300, $102,300, or even $101,700 might lead to a burst above $104,300. The analyst said that this third retest failed to send the price back up to resistance, resulting in a local dip. However, the $103,336 breach illustrates that the fundamental strength remains. Bitcoin might try again to breach $104,300 if it retests $103,600 and bounces off the liquidity zone between $102,700 and $102,300. If this happens, the following leg might reach $106,000 or $107,000, and additional momentum could push the price past its all-time high of $108,786 to $110,000 by May. Prices over this level might reach $120,000 to $180,000 by year's end. This short-term consolidation is accompanied by selling pressure. On-chain statistics and market sentiment underpin Bitcoin's month-long rise. Over the previous month, centralized exchanges have lost 110,000 BTC. This has reduced crypto exchange Bitcoin reserves from 2.57 million BTC to 2.45 million BTC, as seen in the CryptoQuant figure below. This minimizes selling pressure and boosts upward price movement as investors put their assets in cold storage or prepare for long-term hold. Today, $103,300, $102,300, and $101,700 are key support levels, while $104,300 and $108,786 are resistance levels to new all-time highs. #SaylorBTCPurchase #BinanceAlphaAlert #TradeOfTheWeek #AltcoinSeasonComing #AltcoinTrade $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/11/18ee348d274848e6a762e9b88f57a0c9.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}