Bitcoin Prediction: Will BTC Continue Its Rally?
Key Insights:
- Bitcoin prediction for the coming days appears bullish, with an expert eyeing the $115,000 level. However, there is a catch.
- Whales have withdrawn 110,000 BTC over the past month.
- Whales’ large transactions have soared by 17%, while transactions ranging between $1M and $10M have increased by 30.26%.
Bitcoin’s prediction appears bullish for the coming days as the world’s largest cryptocurrency consolidates near a key resistance level, flashing a potential breakout. Experts and on-chain metric tools signal strong bullishness in the asset and suggest that BTC could reach the $115,000 level soon, but there’s a catch.
Bitcoin Current Sentiment
On May 6, 2025, BTC witnessed a notable 8% rally, crossing the $100,000 level and approaching a key resistance at $106,000. Since then, the asset has been consolidating within a tight range between $102,300 and $104,300, indicating potential accumulation by whales and long-term holders.
Amid growing bullish sentiment, a prominent crypto expert recently shared a post on X (formerly Twitter), noting that BTC is approaching a key resistance level at $106,000, and that a breakout could push the price to $115,000 in the coming days.
#Bitcoin $BTC is approaching a key resistance at $106,000. A breakout here could target $115,000! pic.twitter.com/fRdZ0iIvaD
— Ali (@ali_charts) May 10, 2025
In addition to the expert’s Bitcoin prediction, at press time, BTC was trading near the $104,500 mark. Due to ongoing consolidation, it has recorded a 0.30% upward move. However, during the same period, trader and investor participation has plummeted, leading to a 45% drop in recorded trading volume.
Whales’ Interest Skyrockets
Despite the drop in overall trading volume, the on-chain analytics firm IntoTheBlock reported that whale large transaction volume surged by 17%, indicating rising interest and confidence in the asset.
The data further reveals that whale transactions ranging from $1 illion to $10 Million have soared by 30.26%, while transactions over $10 million have jumped by 65.13%.
Such a notable surge in whale transactions was previously recorded when Bitcoin was trading near the $92,000 mark, suggesting that history may repeat itself and the BTC price could skyrocket in the coming days.
According to recent data shared by a crypto expert, whales have withdrawn 110,000 BTC over the past month, indicating that Bitcoin’s price may be on the verge of a massive upside rally.
110,000 #Bitcoin $BTC have been withdrawn from exchanges over the past month! pic.twitter.com/KuCaRMe4Nk
— Ali (@ali_charts) May 10, 2025
Bitcoin (BTC) Price Action & Technical Analysis
Expert technical analysis suggests that Bitcoin prediction for the coming days appears strong, with the asset approaching a key resistance level at $106,800. The daily chart shows that this level has a strong history of triggering price reversals that led to crashes.
However, this time, the sentiment appears different, mostly bullish, which could make another reversal less likely.
According to the daily chart, BTC recently broke out of the key resistance level at $98,000 and recorded a notable upside rally. However, looking at the current price consolidation, it seems the asset is preparing for further upside momentum.
Based on recent price action and historical patterns, if BTC breaks out of the consolidation and closes a daily candle above the $106,800 mark, the Bitcoin prediction could turn bullish, and the price may reach a new high.
However, the Bitcoin prediction could turn bearish, and the price may reverse and fall below the $100,000 mark if it breaks down from the consolidation in the coming days.
With strong bullish price action, BTC’s Relative Strength Index (RSI) is above 75, indicating that the asset is in overbought territory. The asset may undergo a price correction before the rally begins.
