As of late May 2025, Bitcoin appears to be consolidating within a critical range after its recent halving event, which historically precedes major bullish trends. The market has seen increased institutional accumulation and positive ETF inflows, suggesting underlying strength. On the technical side, Bitcoin is forming a symmetrical triangle on the daily chart — a pattern often followed by a breakout. With the current support holding around $65,000 and resistance near $72,000, a decisive move above or below this range could dictate the short-term trend.
On-chain data shows long-term holders are not distributing significantly, a bullish signal indicating confidence in higher prices. Meanwhile, miner selling pressure remains moderate post-halving, reducing downward force. Macroeconomic factors such as declining inflation and expectations of rate cuts by major central banks may also add tailwinds to risk assets like Bitcoin.
In the short term, if Bitcoin breaks above $72,000 with strong volume, it could quickly push toward a new all-time high. Conversely, a break below $65,000 might trigger a correction toward the $60,000–$62,000 zone. Overall, the structure remains bullish unless critical support levels break down, and the market seems primed for a decisive move in the coming weeks.
