$BTC Analyst: Bitcoin is in a "transition zone" amid the possibility of consolidation

"This week is absolutely critical," said analyst Willy Woo, who warned that Bitcoin could face further consolidation.

"The support at $108,000 is the main long-term defense zone over the last two days. If it breaks, it could trigger profit-taking pressure and become a bearish bias structure."

Big predictions about Bitcoin's price

For their part, President Donald Trump’s older sons, Donald Jr. and Eric, believe that Bitcoin could surpass $170,000 by the end of 2026, according to their predictions on stage on May 28 at the Bitcoin 2025 conference in Las Vegas.

Bitcoin pioneer Adam Back made an even bolder prediction: that BTC would reach one million dollars in 5 years.

According to Tradingview, at the time of writing this article, Bitcoin was trading at $107,785 on Coinbase.

It has fallen 1.2% in the last 24 hours and has failed to gain more momentum above $108,000 in early trading on May 29.$BTC