Consolidation has Started! Let the Bitcoin Battle Begin!

Crypto Corner #354 | May 24-30, 2025

Bitcoin Price (in USD): $105,519.59
Weekly Change: -3.45%

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Bitcoin Price Action

Bitcoin consolidated over the past week, trading in a new range. First, Bitcoin set a much higher weekly-low on Sunday at $106,632.35 before reversing course and setting a lower weekly-high at $110,829.42 on Tuesday. On Thursday, Bitcoin set a lower weekly-low at $104,624.00.

Price consolidation typically happens whenever an asset hits a new high and retreats, and consolidation is particularly likely when the underlying asset makes a new all-time high like Bitcoin did at $112,000.00 last week.

The Bullish Case

Bulls point to positive news flow as well as significant inflows into the Bitcoin ETFs as reasons for this price consolidation to be “the pause that refreshes.” The Bulls believe that Bitcoin will continue to burn off its overbought conditions before heading to new higher all-time highs with some Bulls predicting we’ll see Bitcoin $125K before the end of June.

The Bearish Case

Bears argue that price consolidation often resolves in a lower direction, particularly with Bitcoin. Some Bears are pointing to 2021 where Bitcoin made a then all-time high near $69K, retreated 30-40%, roared back to make a slightly higher all-time higher just over $69,000, and then crashed more than -70%.

Many Bears do not think a pullback of that magnitude is likely but suggest another drawdown of 20-30% from Bitcoin’s new all-time high isn’t out of the question.

Key Selloff Targets

Thanks to a new all-time high, I have updated all of the key selloff targets below. These key selloffs are derived from past pullbacks from all-time highs as well as various Crypto Winters:

• -26.31% = $82,532.80

• -30.27% = $78,097.60

• -31.24% = $77,011.20

• -31.95% = $76,216.00

• -33.49% = $74,491.20

• -37.63% = $69,854.40

• -39.53% = $67,726.40

• -40.24% = $66,931.20

• -53.06% = $52,572.80

• -62.91% = $41,540.80

• -77.46% = $25,244.80

• -84.36% = $17,516.80

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*Trade Reset: +10.41% gains, +317% annualized

With Bitcoin continually pulling pack -4.70% or less before finding new highs, I decided it was time to reset my trade around $112,000 - Bitcoin’s new all-time high -after trimming my allocation back down to 5.433%.

I opened the trade on May 13, 2025 at $101,440.83 and closed it on May 25, 2025 at $111,999.93. I locked in +10.41% in gains (after fees) over 12 days which works out to +317% annualized. Thank you, Bitcoin!

As always, I will keep the profits I have taken as Bitcoin and transfer them off the exchange, keeping the remainder to start the next trade with a $112,000.00 per coin cost basis, right at the all-time high because… well, why not?

Rather than measure my Year-To-Date progress in terms of fiat currency, I always look at how much more Bitcoin I have accrued from my trades. So far, I own +3.94% more Bitcoin YTD (since the start of 2025).

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Bitcoin Trade Update

Current Allocation: 5.667% (+4.31% since Trade Start)
Current Per-Coin Price: $111,699.10 (-0.27% since Trade Start)
Current Profit/Loss Status: -5.53% (*New Trade*)

On Thursday, Bitcoin triggered my first buy order which filled at $105,808.91 (after trading fees). Given how my starting allocation for this trade was lower than my prior start earlier in the month, I wanted to start increasing my allocation a bit quicker than I have in the past.

I made a total of two buys which left me with an average $105,124.05 (after fees) which raised my allocation +4.31% from 5.433% to 5.667% and lowered my per-coin cost -0.27% from $112,000.00 to $111,699.10.

As always, risk management is the name of the game with crypto, so I will return to buying on the pullback and adding to the amount I buy at certain levels when and if Bitcoin pulls back further and further. 😀👍

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My Next 30 Bitcoin Buy Targets

Premium subscribers to Get Irked get access to my next thirty (30) … yes, 30 … buys in Bitcoin including price levels and quantities. Additionally, premium members get exclusive access to Microsoft Excel and Google Sheets version of my Bitcoin Trading Calculator.

I also include a tutorial video on how I execute my Trade2HODL strategy that I developed to accommodate crypto’s incredibly volatility after the 2018 crash which has never had a losing trade in more than 150+ trades since I started using it.