Bitcoin Price Consolidates Near $106,000 Amid Bull Market Signals

By Team • Crypto • May 21, 2025 at 06:46 PM • 1 min read • 1,612 views
Bitcoin Price Consolidates Near $106,000 Amid Bull Market Signals
Bitcoin price reflects a market in consolidation, trading near $106,000 with analysts predicting potential breakout to $130,000-$135,000 by Q3 2025, representing approximately 13.5% year-to-date gains. Technical analysis suggests the cryptocurrency is forming a bull flag pattern, indicating potential for significant upward movement. On-chain metrics show strong accumulation patterns among long-term holders, while institutional demand continues to grow. The consolidation phase is viewed by many analysts as a healthy correction before the next major leg up.
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