Bitcoin Eyes $110K Breakout as Market Momentum Builds — Is the Next All-Time High Imminent?
May 12, 2025 | By Crypto King Trading
Bitcoin is back in the spotlight — and this time, it's gearing up for something big.
After a tight three-day consolidation between $103,000 and $104,500, Bitcoin is showing signs of renewed life. Price action is now flashing the early stages of an upward breakout — potentially setting the stage for a surge toward the next major milestone: $110,000.
The Calm Before the Breakout
Following last week’s decisive move above $100K, Bitcoin entered a textbook consolidation pattern, forming a narrow trading channel. But as of the last 12 hours, that range appears to be unraveling — with momentum shifting back in favor of the bulls.
A fresh impulsive wave has now formed from the $103,000 level, signaling the potential end of the sideways grind and the beginning of a new rally. For traders and long-term holders alike, this could be the moment the market has been waiting for.
CrediBULL’s Setup: Clean Risk, Strong Reward
Top analyst CrediBULL shared his insights on X, highlighting a breakout from the three-day range. According to his strategy, Bitcoin’s surge from $103K may be the ignition point of a broader move — with price structure and volume aligning for upside continuation.
His trade setup features:
Tight invalidation just below $103K
Reward-to-risk ratio exceeding 5:1
Price target: $110,660
If the current momentum holds and Bitcoin avoids dipping back into the $101K–$102K support zone, this could be a textbook leg higher — with a high-probability breakout in motion.
Risk-Managed, Momentum-Driven
CrediBULL notes that if the breakout fails and price slides below $103K, focus shifts to the local demand zone near $101,800 — clearly defined on the charts. However, with strong buying pressure and technical confirmation, the path of least resistance currently points upward.
$110K Within Reach — And the Market Knows It
In the last 24 hours, Bitcoin rallied above $105,000, hitting a local high of $105,503 before a slight pullback. This move reaffirms strength and suggests the consolidation phase may already be in the rearview mirror.
As of now, Bitcoin trades at $104,428. A successful move to $110,660 would deliver a 6% gain — while downside risk remains capped with clearly defined support.
Bottom Line: The Market Is Heating Up
The consolidation phase may be over. Bitcoin’s technical setup is aligning with renewed momentum and investor confidence. For bulls eyeing the next major push, $110,000 is more than just a psychological target — it’s a launchpad for the next wave of all-time highs.
Watch closely. The next big leg might already be underway.
$BTC $BTC #BinanceAlpha$1.7MReward #SaylorBTCPurchase #MyEOSTrade #BinanceAlphaAlert #DinnerWithTrump