Bitcoin (BTC) is Poised to Hit $115,000, Are You Ready?

Jakarta, Pintu News – Bitcoin (BTC) has recently shown steady movement, with promising price increases. In recent weeks, the cryptocurrency has experienced significant gains, catching the attention of investors and analysts around the world.

Bitcoin (BTC) Bullish Pattern: Signal Toward $115,000

In his latest analysis, Trader Alan, a renowned crypto analyst, identified a bullish pattern that suggests Bitcoin (BTC) could potentially reach a price of $115,000. In the past week, Bitcoin (BTC) moved within a price range of $101,000 to $105,000, registering a gain of 0.60%. After surging 10.7% in early May, the market seems to be cooling down a bit.

Trader Alan points out that Bitcoin (BTC) tends to spike around $10,000 before entering a consolidation period of 7 to 10 days. This pattern is evident from Bitcoin (BTC)’s price increase from $75,000 to $85,000, then to $95,000, and finally $105,000. If this pattern continues, it is possible that Bitcoin (BTC) will reach the $115,000 target after exiting the current price consolidation.

Also Read: Bitcoin Approaches Golden Cross: Bullish Signal Amid US Debt Concerns

Bitcoin (BTC) Price Increase with Precision

Since hitting a local low of $74,600 in mid-April, Bitcoin (BTC) has recorded an impressive market rebound with a gain of over 39.1% in the past month, reaching a local peak of $105,800. This rise shows the strength of a market that has not only recovered from a correction, but is also poised to resume its uptrend.

Trader Alan, in a post on X on May 16, provided an interesting technical insight into this uptrend. According to him, Bitcoin (BTC) has consistently shown the same spikes in dollar value, followed by periods of consolidation. This signals that the market is preparing for the next leg higher, with the consolidation serving as a new support zone that reinforces the bull market structure.

Bitcoin (BTC) Accumulation by Whales

In addition to the bullish price pattern, there are reports that Bitcoin (BTC) whales continue to make massive accumulations. Ted Pillows, a partner at OKC and Binance KOL, reported that as of May 15, the largest Bitcoin (BTC) holder had acquired an additional 2,180 BTC, worth $226,750,000. This shows strong market confidence and is a typical bullish signal, especially amid the current uptrend.

Massive accumulation by whales is often considered an indicator of future price increases. With this strong support from large investors, Trader Alan’s Bitcoin (BTC) price projections are gaining validation, adding to the optimism among market participants.

Conclusion

With a consistent upward pattern and accumulation support from whales, Bitcoin (BTC) seems set to reach a new price target of $115,000. Current market conditions suggest a combination of technical upside and investor confidence that could push Bitcoin (BTC) price to higher levels.

Also Read: XRP Strengthens After V-Shaped Recovery, Next Price Target IDR56,000?

That’s the latest information about crypto. Follow us on Google News for the latest crypto and blockchain technology updates. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin’s $10,000 Stairway Chart Signals March Toward $115,000. Accessed on May 19, 2025
• Featured Image: Generated by AI