Bitcoin consolidates near $105K amid US-China trade uncertainty; bullish pause seen

Bitcoin consolidated near the $105,000 mark on May 30 amid ongoing US-China trade uncertainties and volatile crypto markets.

The world's largest cryptocurrency briefly dipped below $105,000 before recovering to $105,795.12, down 1.9% from the previous day and 3.8% from its recent all-time high of $110,000.

Riya Sehgal, Research Analyst at Delta Exchange, noted: "The crypto market is experiencing increased volatility, with a 2.43% drop in market cap to $3.35 trillion and a rise in 24-hour volume to $184.7 billion amid $725 million in liquidations." Bitcoin hit a 9-day low near $104,725, trading below its 50 and 200 SMAs, indicating short-term bearish pressure unless key resistance levels are broken.

Despite this, experts see the current consolidation as a potential bullish pause. Edul Patel, CEO of Mudrex, said: "Bitcoin is consolidating amid geopolitical uncertainty, as stalled US-China trade talks bring back trade war concerns."

Market analyst Forster described the consolidation phase as "a healthy pause before another significant upward movement."

Bitcoin has gained 11.72% over the past 30 days, and some researchers predict a possible 100% to 200% increase, with cycle peaks between $220,000 and $330,000.

Professional traders remain optimistic, with BTC futures open interest near 700,000 BTC and a stable 7% futures premium, reflecting sustained demand despite recent price corrections.

The US Court of International Trade's May 28 decision blocking Trump's tariffs has alleviated immediate trade-induced inflation concerns, potentially supporting Bitcoin's bullish outlook.

Historically, Bitcoin averages a 6.03% gain in Q3 and an 85.42% return in Q4, suggesting strong seasonal momentum ahead.

Overall, Bitcoin's current price action reflects cautious optimism amid geopolitical and market uncertainties, with a possible strong rally on the horizon.

Bitcoin hovered near $105,000 on May 30 amid US-China trade tensions and market volatility, slipping below $105K before recovering. Experts see a bullish pause with consolidation possibly preceding a significant upward move, despite recent liquidations exceeding $725 million and a 3.8% drop from its $110,000 peak.