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Bitcoin is showing signs of calm after a wild ride earlier this year. The top cryptocurrency dropped sharply from a high of $109,000 in January to a low of $74,600 by mid-April. That’s more than $34,000 wiped out in just a few months.
But things have shifted since then. Bitcoin climbed back, gaining over 30% and recently reaching $105,700. It’s been trading quietly between $101,000 and $104,000 over the past week.
$10,000 Steps Keep Adding Up
Some traders are starting to notice a pattern. According to analyst Trader Tardigrade, Bitcoin has been rising in $10,000 chunks, then taking short breaks. He pointed out moves from $75,000 to $85,000, then to $95,000, and again to $105,000. Each jump is followed by seven to 10 days of sideways action.
#Bitcoin is climbing steadily, with intervals of around 10k in each consolidation 🔥$BTC pic.twitter.com/stEgE5NkQH
— Trader Tardigrade (@TATrader_Alan) May 16, 2025
This stair-step pattern isn’t just a lucky guess. It gives traders a chance to breathe, take profits, or set new entries. These pauses can also turn into support zones—levels where buyers step in again. If the same behavior continues, the next target could be $115,000, which is about an 11% jump from where Bitcoin is now.
Price Holding Above $100K Gives Bulls Confidence
Trading above $100,000 is no small feat. Holding that level gives Bitcoin some strength and psychological support. The more time it spends above this line, the more likely buyers feel safe to enter. Last week’s move was modest, only about a 0.50% gain, but that followed a strong 11% surge earlier in May.
Some market watchers think this slow and steady growth is a healthy sign. Instead of wild swings, Bitcoin is showing more controlled movement. It’s building a base, and that can be a setup for something bigger down the road.
The Golden Ratio Multiplier was one of the few metrics to be accurate in real time at the April 2021 Bitcoin Cycle Top.
We’ve already hit our cycle top level this cycle once, but this was for the cycle mid-top in March 2024, which means we’re bound to do it again.
Level 5 is… pic.twitter.com/wEHOI6L5Tm
— CryptoCon (@CryptoCon_) May 15, 2025
Long-Term Model Points Toward $160K
Beyond the short-term moves, a few analysts are looking much higher. CryptoCon, who follows long-term cycle models, shared that Bitcoin may be in the middle of a buildup.
He referenced the Golden Ratio Multiplier, a model that uses Fibonacci levels and long-term averages. According to him, a major cycle level was already hit in March 2024, but that wasn’t the final top.
His forecast puts the next ceiling near $160,000, a level he calls “Level 5” in the cycle. That would be a big leap from today’s price—over 50% higher.
He compared today’s market to what happened between 2015 and 2017, when a long stretch of slow growth led to a fast rally.
Featured image from Unsplash, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
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.
