Reason to trust
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Ad discliamer
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
In the last week, Bitcoin showed a range-bound movement, with prices oscillating between $105,000 and $101,000 to produce a slight gain of 0.60%. Notably, the flagship cryptocurrency has seen a market cool-off in the past two weeks following a 10.7% price leap in early May. Interesting, a crypto analyst with X handle TATrader_Alan, popularly known as Trader Alan, has highlighted a bullish pattern that points to a price target around $115,000.
Bitcoin Climbs With Precision: $115,000 May Be The Next Stop
Amidst an extended crypto market correction in 2025, Bitcoin prices crashed from $109,000 in January to less than $75,000 in mid-April. Since hitting the local bottom at $74,600, the premier cryptocurrency has recorded an impressive market rebound, rising by over 39.1% in the past month to hit a local peak of $105,800.
In an X post on May 16, Trader Alan provided an interesting technical insight into this uptrend, highlighting that Bitcoin has repeatedly produced the same leap in dollar value, separated by a period of consolidation. The trading chart from the analyst explains that when Bitcoin surges approximately $10,000, it enters a 7-10 period of sideways consolidation before resuming its ascent.
This bullish behaviour has been repeatedly seen with Bitcoin’s leap from $75,000 to $85,000, then to $95,000, and $105,000. Going by this pattern, the crypto market leader is tipped to hit the $115,000 target following a potential breakout from its current price consolidation. If this projection realizes, Bitcoin would achieve a 10.57% gain from current prices, breaking into a new price discovery.
This kind of price movement is characteristic of a strong uptrend marked by healthy pauses. The consolidations typically allow the market to cool off after sharp runs, allowing traders to accumulate in preparation for the next leg higher. Importantly, these consolidation zones often act as new support levels, strengthening the bull market structure.
Bitcoin Whales Keep Stacking
In other developments, top OKC Partner and Binance KOL Ted Pillows reports that the Bitcoin whales are maintaining an impressive accumulation streak. On May 15, the largest Bitcoin holders acquired an additional 2,180 BTC valued at $226,750,000, signaling a strong market confidence.
Generally, large accumulations by Bitcoin whales are a typical bullish signal, especially amidst the current uptrend, signalling a strong potential for future price appreciation in line with Trader Alan’s prediction.
At press time, Bitcoin continues to trade at $103,281 following a 0.90% decline in the last day. In tandem, the asset’s trading volume is down by 15.76%, suggesting a decline in market interest.
Featured image from iStock, chart from Tradingview
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency.
Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems.
In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others.
In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies.
Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative.
Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information.
Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets.
Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a “music nomad” always ready to listen to new artists and explore new trends.
Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination.
He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society.
In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come.
His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry.
Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
