Crypto Week Ahead: Bitcoin Holds Strong Above $105K — Is A $120K Breakout Just Around The Corner?
Crypto Week Ahead: Over the past seven days, Bitcoin (BTC) price achieved a high of $110,830.26.
Bitcoin is holding steady above the $105,000 mark after rebounding from weekend lows, signalling resilience despite sharp volatility and $600 million in liquidations. Traders are now eyeing key resistance levels and macroeconomic signals that could shape the crypto market’s next big move. While Ethereum has bounced back above $2,500, altcoins like Flare and Monero are leading the recovery charge. With market sentiment still upbeat — fueled by institutional interest and strong network fundamentals — analysts believe this consolidation phase could be setting the stage for Bitcoin’s next rally, potentially pushing toward $120,000.
Before we proceed further, readers should note that the overall crypto market and coin prices are extremely volatile. There are no foolproof methods to ascertain how cryptocurrencies are expected to behave in the future.
This article is aimed at helping investors stay on top of the current market scenarios and the biggest events that have already taken place as well as some upcoming occurrences that are worth noting. Investors are advised to do their research before taking any calls.
Crypto Prices Over The Past Week
Last Monday (May 26), the overall crypto market cap stood at $3.44 trillion. BTC price stood at nearly $110,000. ETH price stood at around $2,500.
A week later, the overall market cap dipped to $3.27 trillion.
Check Out Top Crypto Prices Today
Over the past seven days, Bitcoin achieved a high of $110,830.26 (on May 22) and a low of $103,234.97 (May 19).
Ethereum, on the other hand, saw a high of $2,770.27 (May 29) and a low of $2,482.89 (June 1).
Crypto Events To Note
Bitcoin is holding firm above $105,000 after recovering from weekend lows around $103,200, as traders turn their attention to upcoming macroeconomic cues. A key resistance lies near $106,800, and a break above this level could push prices toward $108,000 or higher. However, failure to sustain current momentum may lead to a fresh dip, with support expected around $103,500.
Despite some turbulence over the weekend—including $600 million in liquidations—Bitcoin bounced back, buoyed by institutional buying. Ethereum, though briefly falling below $2,500 due to large-holder sell-offs, regained ground and stabilised around $2,506.
The broader market shows signs of strength. While Solana, Cardano, and Dogecoin continue to struggle, select altcoins like TAO, Flare, and Monero are gaining traction. Flare surged nearly 15%, leading the altcoin rally.
Market sentiment remains broadly positive, helped by strong mining activity, regulatory clarity, and reduced exchange supply. With Bitcoin previously touching a record $111,970, consolidation near $105,000 is seen as a healthy pause.
As anticipation builds around global economic developments and institutional activity, analysts suggest this could be the calm before the next big move, possibly toward the $120,000 mark in the short term and even higher by year-end.
What Crypto Traders Are Saying About Current Market Scenario
Edul Patel, CEO and co-founder, Mudrex, told ABP Live, “Bitcoin is trading steadily above $105,100, bouncing back from the weekend lows of $103,200. Investors now focus on the macroeconomic factors ahead of the FOMC meeting this month. The Fed Chair Jerome Powell’s speech later today could set the mood of the market going ahead. Technically, $106,000 acts as an immediate resistance zone. A close above the $106,800 resistance might send the price to $108,000. If Bitcoin fails to sustain these levels, it could start another decline, with support at $103,500.”
Srinivas L, CEO, 9Point Capital, said, “Bitcoin is consolidating around $106,000 after reaching an all-time high of $111,980 earlier this week. We maintain a neutral stance in the short term, observing that the higher low structure remains intact. This consolidation phase is occurring amid significant market events, including the expiration of over $11 billion in Bitcoin and Ethereum options today, which could introduce short-term volatility. On-chain metrics indicate a healthy market, with stablecoin supply surging to over $160 billion, suggesting increased liquidity and potential buying pressure.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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