Bitcoin Consolidates Gains – Is a Bigger Move Coming Next?

Bitcoin holds steady after recent rally—traders eye next breakout.

The Consolidation Phase

BTC stabilizes around key levels as volume dips—classic accumulation pattern emerging. Whales aren't selling, just repositioning.

Technical Setup Screams Volatility

Bollinger Bands pinch tighter than a traditional bank's lending policies. RSI flirts with neutral territory—no extreme greed or fear here.

Macro Winds Shift

Institutional flows tick upward while retail hesitates. Wall Street's latest 'crypto pivot' looks suspiciously like they finally read the whitepaper.

What Triggers The Next Leg?

Watch for a volume surge above $55K—that's the line in the sand. Break that, and shorts get vaporized.

Remember: consolidation breaks tend to mirror the preceding trend's intensity. This ain't your grandfather's savings account—it's either lambos or ramen.

Bitcoin Price Holds Gains

Bitcoin price started a fresh upward wave above the $112,500 zone. BTC managed to climb above the $113,500 and $114,200 resistance levels.

The bulls were able to push the price above $115,000 and $116,000. The price traded as high as $116,743 and recently started a consolidation phase. There was a minor decline below $116,000. The price even spiked below the 23.6% Fib retracement level of the recent MOVE from the $110,815 swing low to the $116,743 high.

Bitcoin is now trading NEAR $115,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $116,000 on the hourly chart of the BTC/USD pair.

Immediate resistance on the upside is near the $116,000 level. The first key resistance is near the $116,200 level. The next resistance could be $116,750. A close above the $116,750 resistance might send the price further higher. In the stated case, the price could rise and test the $117,500 resistance level. Any more gains might send the price toward the $118,500 level. The next barrier for the bulls could be $118,800.

Another Drop In BTC?

If Bitcoin fails to rise above the $116,200 resistance zone, it could start a fresh decline. Immediate support is near the $114,900 level. The first major support is near the $113,750 level or the 50% Fib level of the recent move from the $110,815 swing low to the $116,743 high.

The next support is now near the $113,000 zone. Any more losses might send the price toward the $112,500 support in the near term. The main support sits at $110,500, below which BTC might decline sharply.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $115,000, followed by $113,750.

Major Resistance Levels – $116,200 and $116,500.