Technical analysis by Youriverse about Symbol BTC on 5/15/2025

Since the beginning of April, BTC has been on a notable upward trajectory, showing impressive strength with minimal retracements. This sustained momentum has captivated market participants and built a narrative of continued bullish pressure. Along this journey, BTC has carved out two distinct consolidation zones, periods of relative price stability, characterized by equal highs and lows. Each time, these consolidations were followed by a decisive breakout to the upside, reinforcing the prevailing bullish sentiment in the market.Another consolidation phaseAt the present moment, BTC appears to be entering yet another consolidation phase. The price is coiling, showing signs of compression that often precede significant moves. This naturally leads to the question: are we about to witness another breakout to the topside, continuing the pattern established over the past several weeks?Bullish scenarioIn a bullish scenario, a breakout to the upside would likely see BTC pushing towards the 106,000 level. This zone is a key target for traders watching in this consolidation. Should momentum carry the price beyond this threshold, Bitcoin would be well-positioned to challenge its all-time high near 109,000. A clean move through these resistance levels could spark a new wave of optimism, potentially attracting fresh capital into the market and confirming the strength of the current uptrend.Bearish scenarioHowever, it’s important not to ignore the risks. The bearish scenario involves BTC breaking down below the current support zone, which sits around the 101,000 mark. A decisive move beneath this level would undermine the bullish structure and signal a shift in market sentiment. In this case, Bitcoin might find itself revisiting the 97,000 to 98,000 range, an area that previously acted as resistance during the last consolidation phase and may now serve as a potential support zone if tested from above.ConclusionIn essence, the market is at a critical juncture. BTC’s recent behavior suggests a buildup toward a significant move, but the direction remains uncertain. Whether it continues its march toward new highs or corrects to retest lower levels, this period of consolidation is likely to define the next phase of Bitcoin’s trend. Traders and investors alike are watching closely, as the next breakout, up or down, could set the tone for the weeks to come.Thanks for your support.- Make sure to follow me so you don't miss out on the next analysis!- Drop a like and leave a comment!Looks like we could breakout soon