After the frenzy of Bitcoin smashing through the six-figure barrier, it’s fair to say the market has taken a bit of a breather.
The crypto space was buzzing when Bitcoin surged past $100,000, but now we’re watching a more measured, strategic kind of movement — the kind that often signals something big is brewing just beneath the surface.
At the time of writing, Bitcoin is holding steady around the $103,000 mark.
And while some might see the slower pace as a lull, seasoned analysts suggest it’s more of a tactical pause than a burnout.
Bitcoin Takes a Breather Between Major Price Zones
According to RLinda, a popular analyst on TradingView, Bitcoin’s current behavior is classic consolidation.
The price recently climbed from around $97,860 to test resistance near $104,300, and now it’s bouncing within a tight range between $104,300 and $102,300.
Over the last couple of days, momentum has eased up, but RLinda believes this is far from bearish.
Instead, it’s a healthy sign of the market catching its breath and possibly setting the stage for another push upward.
If BTC can hold above $102,300 or even spring off $101,700, there’s a good chance we could see it challenge $104,300 again — and maybe break through this time.
What Happens If Bitcoin Breaks Resistance?
The next few moves could be telling.
If Bitcoin retests the $103,600 mark and finds support in the liquidity zone (roughly between $102,700 and $102,300), we might see a fresh breakout attempt.
If that push clears $104,300, price targets could quickly jump to $106,000 or $107,000.
And it doesn’t stop there — with enough momentum, we could be talking about a shot at a new all-time high beyond $108,786.
Some predictions even see Bitcoin pushing into the $110,000 range before May wraps up.
Looking even further out, analysts are eyeing possible targets in the $120K to $180K ballpark by year’s end.
On-Chain Data Shows Strong Long-Term Confidence
Beyond the charts, there’s also some pretty telling data behind the scenes.
Analyst Ali Martinez pointed out a significant shift: over 110,000 BTC have been pulled from centralized exchanges in the past month.
That’s a big drop in available supply — from 2.57 million to 2.45 million BTC — and usually means investors are stashing their coins in cold wallets for the long haul.
Why does that matter? Because when fewer coins are sitting on exchanges, there’s less immediate selling pressure.
That often sets the stage for price appreciation, as demand has fewer roadblocks to push through.
Key Levels to Watch As the Market Moves
At this moment, Bitcoin is trading just below $104,000.
The key support levels to keep an eye on are $103,300, $102,300, and $101,700.
On the flip side, resistance is still strong around $104,300 — and of course, the all-time high at $108,786 remains a major milestone.
If we see sustained pressure at these levels and bullish sentiment stays strong, the climb could resume quickly.
Bottom Line: A Pause, Not a Full Stop
What we’re witnessing now is a market catching its breath, not giving up.
Bitcoin’s consolidation after such a strong rally is entirely natural — and may very well be a setup for the next leg higher.
With on-chain signals flashing bullish and resistance levels within reach, the next few days or weeks could be very interesting for anyone watching the charts.