Observing Bitcoin's Price: Action Signals Within the Range, Pause Before Breakout.
On May 10, 2025, Bitcoin was trading in a narrow range, reflecting a temporary balance between bullish momentum and short-term fluctuations. With a market capitalization of $2.057 trillion and a trading volume of $26.69 billion, Bitcoin fluctuated between $102,526 and $103,938 before settling at $103,559, highlighting a technically significant day within the range amid broader upward trends.
Bitcoin
From a daily standpoint, Bitcoin (BTC) remains in a strong upward trend after a base level of around $74,434. The price rose to a recent high of $104,332, marking a significant resistance level. The candle structure on the daily chart, characterized by smaller candles after the breakout, indicates a potential pause or initial distribution phase. Accompanied by increased volume during the bullish push, this adds confidence to the legitimacy of the rise. The strategic entry zone is between $97,000 and $98,000, while a breakout above the range of $104,000–$105,000 may open up further growth.
