Bitcoin Eyes $108,000, But One Thing Stands In The Way
Posted On May 15, 2025
Bitcoin (CRYPTO: BTC) continues to hover near key resistance levels, and while the path to $108,000 appears increasingly clear, traders are bracing for a short-term slowdown before the next big move.
What Happened: Crypto analyst Emperor noted that Bitcoin has reclaimed a previous trading range and is now forming a new one between $94,000 and $108,000.
The rapid recovery to the top of this range suggests the market is entering a temporary consolidation phase.
According to Emperor, immediate price targets include the $99,350 node point of control (nPOC) and the $107,000–$108,000 zone.
While there’s minimal resistance ahead, some ask walls have formed near $104,000–$104,500, if broken, …
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