Bitcoin News Today: Bitcoin Price Consolidates Near $106K: Analysts Call It a ‘Healthy Pause’ Before New Highs

Bitcoin is entering what analysts call a “healthy pause” as it consolidates around $106,000, giving the market time to digest recent gains before potentially pushing to new highs later this year.

According to Nick Forster, founder of onchain options protocol Derive, Bitcoin’s current sideways movement isn’t a bearish signal — it’s a stabilizing phase after a massive rally.

“The market needs time to digest recent gains and gear up for the next phase,” Forster told Cointelegraph. “This consolidation is a healthy reset, not a breakdown.”

Bitcoin Price Action: Cooling After ATH

Bitcoin hit a new all-time high of $111,970 on May 22, before pulling back slightly to around $105,706 at press time, according to CoinMarketCap. Over the last 30 days, BTC is still up more than 11%.

Despite the cooling momentum, some analysts remain bullish long-term. Researcher Sminston With predicts a 100–200% gain, projecting a cycle peak between $220,000 and $330,000. Meanwhile, trader Apsk32 set a more conservative 2025 target of $220,000.