{"id":27366,"date":"2025-05-18T15:16:55","date_gmt":"2025-05-18T15:16:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=27366"},"modified":"2025-05-18T15:16:55","modified_gmt":"2025-05-18T15:16:55","slug":"bitcoin-price-analysis-is-btcs-consolidation-phase-nearing-its-end","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=27366","title":{"rendered":"Bitcoin Price Analysis: Is BTC\u2019s Consolidation Phase Nearing Its End?"},"content":{"rendered":"
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Bitcoin has continued consolidating below the critical $108K resistance range, signaling a state of equilibrium between buyers and sellers. Nevertheless, the price is likely to initiate a fresh rally once the current corrective consolidation phase concludes.<\/p>\n

Technical Analysis<\/h2>\n

The Daily Chart<\/h3>\n

Bitcoin remains in a consolidation phase after failing to reclaim the key $108K resistance zone. This price behavior suggests that profit-taking is occurring at this crucial level, increasing selling pressure and triggering a mild retracement. However, Bitcoin still exhibits strong bullish momentum, evidenced by its recent impulsive moves toward this resistance.<\/p>\n

As such, once the ongoing consolidation ends, a renewed bullish surge is expected. The price may retrace further toward the key $98K\u2013$100K support range, where new demand is likely to enter and fuel the next rally. This could pave the way for a fresh attempt at a new all-time high in the mid-term.\"\"<\/a><\/p>\n

The 4-Hour Chart<\/h3>\n

In the 4-hour timeframe, BTC continues to trade within a short-term ascending channel, forming higher highs and higher lows\u2014an indication of a bullish structure. The recent consolidation has led to a pullback toward the channel\u2019s lower boundary at $100K, a major psychological support level.<\/p>\n

If this support holds, a rapid rebound toward the $109K ATH appears likely. However, if the price breaks below the channel, the consolidation could extend further, with a decline toward the $98K support range becoming the probable scenario.<\/p>\n

Ultimately, Bitcoin\u2019s next move hinges on how the price behaves around the ascending channel\u2019s lower boundary.\"\"<\/a><\/p>\n

On-chain Analysis<\/h2>\n

Bitcoin\u2019s interaction with the Realized Price of long-term holders\u2019 UTXOs has historically served as a reliable indicator of market direction, as it reflects the average acquisition cost of these key investors. This metric often acts as a dynamic support or resistance level.<\/p>\n

Currently, Bitcoin has successfully reclaimed the Realized Price of the 3\u20136 month holder cohort, suggesting that these important market participants are now in overall profit. This development is typically seen as a bullish signal.<\/p>\n

However, a short-term corrective retracement toward this level, currently around $98K, remains a likely scenario, as the market consolidates and searches for fresh demand. The $98K zone stands as a critical support range. A strong rebound from this level could confirm it as a solid foundation and potentially ignite a fresh uptrend, aiming for a new all-time high.\"\"<\/a><\/p>\n

The post Bitcoin Price Analysis: Is BTC\u2019s Consolidation Phase Nearing Its End?<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has continued consolidating below the critical $108K resistance range, signaling a state of equilibrium between buyers and sellers. Nevertheless, the price is likely to initiate a fresh rally once the current corrective consolidation phase concludes. Technical Analysis The Daily Chart Bitcoin remains in a consolidation phase after failing to reclaim the key $108K resistance […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-27366","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27366"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/27366\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}