Bitcoin price volume drops this week, but retail inflows hint at revival
Bitcoin pauses five-week rally
Bitcoin’s price five-week winning streak is on track to pause, as price action this week shows signs of fatigue. After peaking at a four-month high of $105,750 on Monday, the asset has slipped into sideways movement and recorded a gradual pullback.
By Thursday’s European session, Bitcoin had dropped 1.2% for the day, pushing price below Wednesday’s low of $102,670 and bringing the week-to-date loss close to 1.5%.
The week’s consolidation is confined within a 5,000-point range, capped at $105,750 and floored at $100,700. This narrowing range is not just visible in price; both the daily ranges and trading volumes have also shrunk since Tuesday, a sign of declining momentum after May’s strong run pushed RSI into overbought territory.
Bitcoin short-term support sits near key EMA ahead of psychological 100,000
From a technical lens, today’s intraday decline is approaching two key levels. First, the 50 EMA on the 4-hour chart at $101,900, which may act as a near-term support. Failing that, the next likely test is $101,500, the low of two days ago. A breakdown below both zones would shift focus toward the psychological level of $100,000.
BTC price dynamics (April - May 2025). Source: TradingView
While short-term action cools off, longer-term sentiment appears intact. On-chain data suggests renewed activity from smaller investors, pointing to increasing retail interest. Historically, this segment tends to reinforce broader optimism, contributing to upward price moves, even if their entries are less precise than those of institutional players.
For now, traders are watching to see whether Bitcoin reclaims bullish momentum from current levels or continues to consolidate further. A decisive move beyond either end of this week’s range could provide the next directional cue.
Bitcoin traded sideways after a 12% May rally as overbought RSI and Doji candle hinted at a possible pullback. Price held firm earlier in the week, supported by macro sentiment.
