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  • By Subarna Biswas
  • May 23, 2025
  • 6 Min

Bitcoin Price Analysis: BTC Pauses Rally, Consolidates Around Recent Highs

Bitcoin’s (BTC) stunning rally is experiencing a pause after shattering the $110,000 level and surging to a new all-time high of $111,970 on Thursday. The rally pushed the flagship cryptocurrency into uncharted waters as it consolidated near record-high levels. BTC is marginally down during the ongoing session, trading around $111,000 after encountering resistance around $112,000.