Technical analysis by TradingMula about Symbol BTC: Buy recommendation (5/19/2025)

Bitcoin currently shows characteristics of bullish consolidation. Following a notable upward move after the election , the price action has entered a phase of sideways trading within a defined range since inauguration. This period allows the market to digest recent gains and for buyers to accumulate further positions before the next anticipated leg up. Technical indicators, while showing a temporary pause in upward momentum, generally remain supportive of a bullish continuation, with key support levels S1-75k, S2-100k holding firm. The consolidation phase, marked by decreasing volatility, often precedes a strong directional move, suggesting that Bitcoin is coiling for another potential surge.New all time high suggests we are now on the way to $150K