Bitcoin (BTC) Price Consolidates from May 12 to May 16, 2025, Facing Resistance at US$105,000

Bitcoin experienced a week of consolidation from May 12 to May 16, 2025, trading within a narrow range as it faced resistance near the US$105,000 mark.

Bitcoin (BTC) experienced a week of consolidation from May 12 to May 16, 2025, trading within a narrow range as it encountered resistance near the US$105,000 mark.

Beginning the week at approximately US$104,119, Bitcoin closed at US$103,481, reflecting a modest decline of about 0.6%.

However, despite the subdued price movement, Bitcoin’s market activity was characterized by significant developments. On May 12, bitcoin briefly touched US$106,000, its highest point for the week, before retreating.

The cryptocurrency’s price fluctuations were influenced by several factors. Substantial net inflows of US$115 million into spot Bitcoin Exchange Traded Funds (ETFs) showcased sustained institutional interest in the cryptocurrency.

Moreover, the expiration of nearly US$3.2 billion in options contracts contributed to heightened volatility, particularly towards the final days of the week.

Despite these movements, Bitcoin remained within a consolidation phase, with analysts highlighting the US$105,000 level as a significant resistance point. Breaking through this level could pave the way for a more substantial price move.

Analysts at Glassnode suggest that Bitcoin’s current consolidation may be setting the stage for a more decisive move, contingent on breaching the US$105,000 resistance.

While the influx of institutional investments via ETFs bodes well for Bitcoin, the market is awaiting further catalysts to determine the next directional shift.

As of May 16, 2025, Bitcoin’s price stood at US$103,481, reflecting the market’s cautious stance amid competing bullish and bearish signals.