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Here is why Bitcoin price is stuck below $105K

cryptoweekly by cryptoweekly
May 16, 2025
in bitcoin, News
0

Bitcoin price has been stuck below $105,000 over the last week, and data suggests the pattern may continue for a few more days, subject to the emergence of fresh catalysts.

Key takeaways:

Bitcoin price consolidates as resistance at $105,000 prevents a rally to new all-time highs.

Traders are slightly bearish, but historical data suggests a sudden bullish move should not be ruled out.

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Recent Posts
  • ‘Unique’ Bitcoin holder trend backs BTC’s next price discovery phase: Glassnode
  • Developer accuses Ethereum Foundation of undermining devs, creating ‘secret’ teams
  • Price predictions 6/11: BTC, ETH, XRP, BNB, SOL, DOGE, ADA, HYPE, SUI, LINK
  • Ethereum whale opens $11M leveraged bet amid ETH price’s 30% rise potential
  • After stablecoin push, Stripe acquires crypto wallet developer Privy
  • Peaq and UAE bet on tokenized machines to power future economy
  • Currency must be separated from state: Returning to Bitcoin's original vision

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