Bitcoin Price Prediction for May 11: Can Bulls Sustain the Push Beyond $103K?

The Bitcoin price today stands at approximately $103,600 after an impressive rally over the past 48 hours. After breaking from a multi-week consolidation range, Bitcoin price spikes pushed it well above the $100,000 psychological mark, gaining bullish traction after breaking out from a descending triangle near the $96,000 zone on May 7. The rapid advance has now placed BTC within striking distance of upper resistance, and traders are closely watching Bitcoin price action for clues on whether this move can sustain. What’s Happening With Bitcoin’s Price? BTCUSD price dynamics (Source: TradingView) Bitcoin’s 4-hour chart reveals a strong bullish structure. The breakout candle sliced through key resistance zones at $98,000 and $100,000. Bitcoin support is now between $96,000 and $98,000, an area of previous consolidation and breakout activity. Momentum indicators such as the RSI (30-min chart) now hover around 61, still below overbought territory, which suggests some upside room remains before saturation. Meanwhile, MACD is attempting another bullish crossover, showing rising histogram strength. Bitcoin Price Action Signals Consolidation Ahead? BTCUSD… The post Bitcoin Price Prediction for May 11: Can Bulls Sustain the Push Beyond $103K? appeared first on Coin Edition .

Source: Coin Edition