Bitcoin Bulls Face $120M Challenge in Extending 'Stair-Step' Uptrend

Bitcoin BTC bulls face a $120 million resistance challenge as they look to extend the classic "stair-step" uptrend, or periodic controlled move higher, order book data show.Since April 9, bitcoin has climbed about 38%, advancing from around $75,000 to $104,000 as trade tensions eased and major market participants deployed capital.This rally can be described as a classic stair-step pattern: Initial bullish impulses are followed by periods of consolidation, which set the stage for the next upward move.For example, the initial increase from $75,000 encountered range-bound trading between $83,000 and $85,000 source: https://www.coindesk.com/markets/2025/05/16/bitcoin-bulls-face-usd120m-challenge-in-extending-stair-step-uptrend