Bitcoin’s Bullish Indicators: Potential Rise to $115,000 Ahead

Bitcoin has recently stabilised between $105,000 and $101,000, with a slight uptick of 0.60%. Following a major downturn in early 2025, a significant recovery has occurred. Analyst Trader Alan predicts Bitcoin may reach $115,000 based on a consistent $10,000 price jump pattern followed by consolidation. Additionally, Bitcoin whales have increased their holdings substantially, indicating strong market confidence despite current low trading volumes.

Bitcoin’s Recent Movements and Future Projections
In the past week, Bitcoin has been relatively stable, bouncing between $105,000 and $101,000, ultimately managing a small gain of about 0.60%. This comes after a notable market cooldown following a 10.7% price jump seen earlier in May. Crypto analyst Trader Alan, known on social media as TATrader_Alan, has spotted a bullish trend that hints Bitcoin could be headed toward a price target around $115,000.

Understanding Bitcoin’s Climb
Bitcoin has had a wild ride in 2025, having tumbled from its peak of $109,000 back in January to below $75,000 by mid-April. Since that low point at $74,600, however, Bitcoin has bounced back remarkably, climbing over 39.1% in just a month to reach a recent high of $105,800. Trader Alan shared insights on May 16 about this upward trend, pointing out how Bitcoin consistently shows similar price jumps—usually around $10,000—followed by a phase of consolidation lasting 7 to 10 days.

Current Patterns and Price Predictions
This pattern has manifested through Bitcoin’s movements from $75,000 to $85,000, then on to $95,000 and $105,000. Following this logic, Trader Alan suggests that Bitcoin could reach $115,000 next, post a breakout from its ongoing price consolidation. Achieving this would signify a 10.57% increase from current values, indicating a significant milestone as it would enter a new price discovery phase. Such behaviour reflects a healthy bull market, providing traders time to regroup after rapid price shifts. These consolidation periods set new support levels that further solidify the bullish market trend.

Whale Activity Signals Confidence
On another note, there’s notable activity among Bitcoin whales, according to Ted Pillows from OKC Partner and Binance KOL. On May 15, hefty holders of Bitcoin added 2,180 BTC to their portfolios, which amounts to about $226.75 million. This accumulation suggests a strong confidence in the market’s trajectory.

Current Market Status
As of now, Bitcoin is priced at $103,281 after a slight 0.90% drop in the last 24 hours. Alongside this, trading volume has decreased by 15.76%, which indicates a bit of waning interest in the market. Nonetheless, the continued buying activity from larger holders aligns with Trader Alan’s optimistic outlook for Bitcoin’s price progression.