THE LATEST CRYPTO NEWS

Bitcoin’s price action has drawn a sharp dividing line between long-term bullish expectations and short-term reality. After peaking above $111,000 in May, the Bitcoin price has entered a retracement phase and is now trading below $105,000. While some interpret the current downturn as a sign of a weakening trend, others see it as a textbook bullish correction.  Among them is crypto analyst MasterAnanda, whose latest chart suggests that Bitcoin is structurally strong enough to reach new highs, but it might fall short of the speculated $200,000 price target this cycle. Related Reading: No Room For Doubt: Analyst’s $900K Bitcoin Forecast Follows Familiar Script MasterAnanda Predicts Higher Low And $137,000 Target In his TradingView post, MasterAnanda stated clearly that Bitcoin is still in a bullish structure, but he believes a $200,000 peak is out of reach for this cycle. Instead, he identified $137,000 as the more realistic upside target when Bitcoin finally rebounds from the ongoing correction. According to the analyst, the formation of a higher low on the larger time frame will be an important confirmation that Bitcoin’s macro uptrend remains intact. He outlined $88,888.88 as an ideal retracement level to make this perfect higher low, because it aligns with the 0.618 Fibonacci level and comes in well above the prior bottom at $74,500 on April 7. Despite the current sell-off, MasterAnanda argues that the broader trend is healthy. “Bitcoin will never ever trade below $80,000 in its history again,” he declared, ruling out any deep reversal below the prior low. On the other hand, the analyst also noted that if Bitcoin holds above $100,000 to $102,000, this retracement would be considered minor, with price action still classified as bullish continuation rather than a breakdown. If Bitcoin bulls manage to keep prices trading above that area, it would suggest the current move is nothing more than a short-term dip. When that moment arrives, the bias will shift from short to long, and a rally to $137,000. However, a clean break below the $100,000 price level would mark a significant shift in how long Bitcoin reaches new highs. Chart From TradingView: MasterAnanda RLinda Echoes $101,000 Support For Bitcoin Adding to the analysis, another trader, RLinda, shared a 4-hour chart perspective showing how Bitcoin is currently in a fragile recovery path. She agrees that Bitcoin is still operating within a bullish context, but flagged the $102,000 and $101,400 zones as vital structural supports. Her chart suggests that the false breakout at the key $110,000 resistance level is the end of the recent rally leg, and the current decline could be a liquidity-driven correction rather than a complete reversal of the bullish trend. Furthermore, RLinda’s analysis shows that Bitcoin has exited its upward channel. The outcome, she said, will depend heavily on whether support levels at $102,000 and $101,400 can hold. A bounce from these levels could lead to a retest of the $106,000 to $108,000 resistance zone, where market direction may become clearer. If bulls fail to hold $101,000, it could invite a more dramatic sell-off that pushes the Bitcoin price toward a local bottom or even deeper. Chart Image From TradingView: RLinda Related Reading: Pepe Makes It To Trump’s Feed—Is A Crypto Endorsement Next? Together, both analysts agree on one thing: Bitcoin’s current correction is not yet a full collapse. At the time of writing, Bitcoin is trading at $104,290, up by 0.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView

Over the weekend, Bitcoin’s price extended its disappointing performance, falling to around $103,000 in the early hours of Saturday, May 31st. While the premier cryptocurrency seems to have recovered fine in the past day, its price is still more than 6% away from the recently achieved all-time high of $111,814. Interestingly, the latest on-chain data suggests that the Bitcoin price could resume its upward trajectory anytime from now. Mass Long Liquidations Could Mean Sustained Upward Trend For BTC In a Quicktake post on the CryptoQuant platform, on-chain analyst Burak Kesmeci shared that the Bitcoin market witnessed its third-largest long liquidation in the month of May. Data from CryptoQuant shows that $202 million in BTC long positions were liquidated on the Binance derivatives exchange on Friday, May 30th. Related Reading: Is Bitcoin Price Doomed For $93K? Technical Indicators Paint A Bearish Image As highlighted by Kesmeci, leveraged trading and speculative pressure ramped up on the world’s largest crypto exchange as the price of Bitcoin rallied from around $94,000 to a new record high above $111,000. These long liquidations typically occur when derivatives traders are forced to close their positions as prices move sharply against them, leading to automatic sell-offs that can further trigger volatility in both directions. The latest event — involving $202 million worth of BTC long positions — is the third-largest in the past month, trailing only two larger liquidations in May: $211 million on May 12 and $277 million on May 23. This series of high-value liquidations reflects the increased speculative activity in the Bitcoin market over the past few weeks. While the investors who suffered this liquidation may feel hard done by the market, these mass liquidations could be positive for the flagship cryptocurrency — a healthy reset for what is starting to feel like an overheated market. By removing excessive leverage, the Bitcoin market can reestablish a more stable foundation for price discovery and a continued upward trend. Bitcoin Funding Rates Still Very Low: Analyst According to another on-chain analyst with the pseudonym Darkfost, the Bitcoin funding rates are still at extremely low levels. This trend signals the unwillingness and hesitation of traders to open new long positions, read the post on X. Darkfost added: Typically, when Bitcoin breaks above its previous all-time high, we tend to see a surge in funding rates, signaling that euphoria and risk appetite are back. But that’s not what we’re seeing right now, investors need more clarity before jumping in with conviction. The on-chain analyst stated that this cautious stance of investors could be positive for the Bitcoin price and the upward trend. Moreover, the lack of euphoria reflects a market that is yet to be overheated, with room for further upside growth. As of this writing, the price of BTC stands at around $ 104,897, reflecting a mere 0.2% increase in the past 24 hours. Related Reading: Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming? Featured image from iStock, chart from TradingView

Although the past 24 hours have been characterized by heavy selloffs, Bitcoin is still currently holding above the $100,000 level, trading around $103,700 as of the time of writing. Notably, signs of exhaustion are also beginning to surface for Bitcoin, especially in the past 48 hours. While long-term indicators suggest a bullish continuation for the Bitcoin price, short-term models indicate a breakdown of bullish strength, particularly as the cryptocurrency approaches the critical $100,000 support zone.  Related Reading: $10 Million Fix? SUI Network Moves Fast After Cetus Exploit Scare This sentiment is relayed by popular crypto analyst Willy Woo, who shared the good and bad news based on Bitcoin’s current technicals. Good News: A Bullish Long-Term Signal Still Intact According to Woo, one of the strongest long-term signals, the Bitcoin Risk Signal, is currently trending downwards. This drop indicates that buy-side liquidity is currently dominant in the long-term environment, setting the stage for another strong leg upward. The lower the risk reading, the safer it is to hold or accumulate Bitcoin, and this signal’s current decline shows a relatively low-risk environment for long-term investors. Woo noted that this long-term setup is intact, and with Bitcoin trading well above the psychological six-figure mark, the momentum is still in favor of the bulls in the long term. At the time of writing, the local risk model, as shown in the chart below, is currently in the mid-range, having declined from peak levels in early 2025, and is expected to continue trending downwards. In another analysis, Willy Woo noted the next significant move could push it above $114,000 and trigger liquidations of short positions. Bad News For Bitcoin Price Although the long-term picture is still favorable, the short-term models, including the Speculation and SOPR (Spent Output Profit Ratio) metrics, are flashing caution. Using this indicator, Woo noted that the strength of the rally from $75,000 to $112,000 has started to weaken, especially with flat capital inflow in the past three days.  Keeping this in mind, Bitcoin’s price action this week is critical. “If we do not get follow through, then we will be up for another consolidation period,” the analyst said. If spot buying fails to pick up strongly in the coming week, which is the first week of June, especially with U.S. markets reopening after a long weekend, there will be a chance for a bearish pivot. The good and bad news can be summed up as follows: if buying pressure opens up quickly, Bitcoin could break above $114,000 and head toward the next major liquidity zone between $118,000 and $120,000. Failure to push higher could confirm bearish divergences and set the stage for another round of consolidation. Related Reading: $400K Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’ At the time of writing, Bitcoin is trading at 103,700, down by 1.5% and 3.9% in the past 24 hours and seven days, respectively. Featured image from Unsplash, chart from TradingView

The price of Bitcoin has dropped by nearly 4% over the last seven days, indicating the waning bullish momentum in the largest cryptocurrency market. This recent sluggishness has called into question the strength of the latest bull rally that saw the market leader climb to a new all-time high last week. According to an investment data platform, the price of BTC might not be done just yet with its bullish run, with the latest on-chain data suggesting room for further upside movement. Is BTC In An Overheated Market Condition Yet? Market analytics firm Alphractal took to the social media platform X to share an exciting on-chain insight into the current setup of the Bitcoin price. According to the blockchain company, the price of BTC sits in an interesting position that could profit only “attentive” investors. Related Reading: This Chart Warns Bitcoin’s Momentum May Be Running Out, Here’s Why The relevant metric here is the Sharpe Ratio, which evaluates the risk-adjusted returns of a specific asset (Bitcoin, in this scenario). This indicator basically measures how much profit an investment offers per unit of risk (considering risk is measured by volatility). A rising Sharpe Ratio typically indicates a higher risk-adjusted performance. On the other hand, when this metric is in a downward trend, it implies that the coin is in a “lower-risk zone” and profits are becoming less significant.  As observed in the chart above, the Bitcoin Sharpe Ratio (blue line) has not yet reached the upper trendline (red dashed line) — a crucial level that has served as a market peak indicator in the past. The indicator suggests that the flagship is currently in a zone of medium risk, implying that the market is less prone to uncontrolled movements. Alphractal noted:  The upper trend line (red dashed line) has functioned as an excellent signal for moments of excessive euphoria in the Bitcoin market. The fact that we haven’t touched this region yet indicates there may be room for additional appreciation in the current cycle. While the Bitcoin Sharpe Ratio is still away from the region that signaled the past tops of the 2013, 2017, and 2021 cycles, investors might still want to apply some level of cautious optimism in their market approach. This is especially as the metric’s current values have historically coincided with both optimistic rallies and pessimistic corrections.  Bitcoin Price At A Glance As of this writing, the price of BTC sits just above the $104,100 level, reflecting an over 1% decline in the past 24 hours. According to data from CoinGecko, the premier cryptocurrency is down by more than 3% in the last seven days. Featured image created by Dall-E, chart from TradingView

The Bitcoin price has not quite been able to maintain the bullish momentum that saw it climb to a new all-time high last week. Instead, the premier cryptocurrency has succumbed to bearish pressure over the past few days, falling about 7% from its record-high price. Unfortunately, the Bitcoin price seems to be at the start of what could be a disappointing downward run over the coming weeks. The latest technical price data indicate a potential bearish trend reversal for the price of BTC, with the market leader at risk of losing its six-figure valuation. Which Technical Indicators Are Sounding The Sell Alarm? In a May 30 post on the X platform, crypto analyst Burak Kesmeci provided a technical insight into the price of Bitcoin, explaining that signs are quickly turning bearish for the flagship cryptocurrency. The online pundit projected that BTC could face a severe price downturn to around the $93,000 level in the near future. Related Reading: Halfway To Clean: Bitcoin Hits 50% Renewable Mark, Ripple Chairman Reacts Kesmeci highlighted changes in some technical indicators on the daily timeframe, suggesting that a correction might be on the horizon for the Bitcoin price. One of these indicators is the daily Relative Strength Index (RSI), a momentum indicator that estimates the speed and magnitude of an asset’s price movements. As observed in the chart above, the daily RSI is around 51 points and below the 14-day simple moving average (SMA). According to the crypto analyst, this technical indicator shift points to a weakening bullish momentum for the Bitcoin price. Kesmeci also noted that the Fixed Range Volume Profile (FRVP), which analyzes trading volume around a price region, signals a heavy trading zone around the $103,500 level. A sustained close beneath this level could lead to elevated selling pressure for the flagship cryptocurrency, the analyst said. Furthermore, Kesmeci mentioned that the AlphaTrend indicates that a second close below 106.269 may trigger a “sell” signal for the Bitcoin price. Meanwhile, the Average Directional Index (ADX) suggests that the bears are gaining the upper hand in the market. Finally, Kesmeci pinpointed the next target at the 0.5 Fibonnaci level and the FRVP Value Area Low (VAL), both of which could be considered major support zones, at around $93,000 and $91,800, respectively. Ultimately, all these technical levels suggest that the Bitcoin price may correct to the $91,000 – $93,000 bracket. Bitcoin Price At A Glance As of this writing, the price of BTC is hovering around the $104,000 mark, reflecting an almost 2% decline in the past 24 hours. Related Reading: Ethereum Pulls Back To 20DMA After $2,700 Rejection: Testing Strength At Key Support Featured image from iStock, chart from TradingView

In an interview with Korean crypto researcher Juhyuk Bak, also known as @JuhyukB, Capriole Investments CEO Charles Edwards laid out a striking divergence in the crypto asset markets: while Bitcoin could double this year, altcoins remain structurally impaired and far from any meaningful rotation. Bitcoin Could Hit $200,000 This Year Speaking from the perspective of a macro quant hedge fund operator, Edwards was unequivocally bullish on Bitcoin, stating, “If the data stays in the current trend we’re in, I think $150–200K is definitely possible this year.” The founder of Capriole, a fund known for pioneering on-chain valuation models like Hash Ribbons, Energy Value, and the Macro Index, grounded this forecast in a web of interlocking technical, sentiment, and macroeconomic signals. Related Reading: Bitcoin Warning: Bull Trap Or $270,000 Rocket? Analyst Exposes What’s Coming “We’re printing new all-time highs on daily and weekly closes,” Edwards noted. “As long as we stay above $104K […] as long as the Macro Index trends up, and US liquidity continues to rise, this environment is very bullish.” Capriole’s proprietary Macro Index—a machine learning model aggregating over 100 inputs from Fed liquidity to bond and equity markets—has turned decisively positive. Bitcoin’s rally, Edwards emphasized, is further reinforced by metrics like MVRV Z-Score, Hodler Growth Rates, and Energy Value, all signaling room for expansion. But while Bitcoin shows strength across multiple dimensions, altcoins are telling a very different story. The Death Of The Old Altcoin Cycle Edwards refrained from naming specific altcoins but delivered a clear macro verdict: the capital flow dynamics have changed, and altcoins are no longer on an equal footing with Bitcoin. “Structurally, things are quite a bit different this cycle […] the biggest driving forces are Bitcoin ETFs and US policy. That’s creating a centralizing effect—funneling capital directly into Bitcoin,” he explained. He pointed to the historical cycles of retail-led altcoin rallies, followed by catastrophic drawdowns—often exceeding 99% losses. “Retail has just gotten destroyed,” he said bluntly. “There’s a fatigue in the altcoin space that wasn’t there four or five years ago.” Related Reading: Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock The legacy of failed ICOs, broken tokenomics, and events like the FTX collapse have left lasting scars. Meanwhile, institutions are avoiding the risks and complexity of smaller-cap digital assets, opting instead for regulated Bitcoin exposure through ETFs and corporate treasury allocations. “It used to be more of a level playing field. That’s no longer the case,” Edwards said. “The real money is flowing into Bitcoin—and that probably continues for a while.” When Will Altcoins Wake Up? Despite the grim tone, Edwards does not dismiss altcoins entirely. He views a strong altcoin cycle as conditional—not impossible, but dependent on clear Bitcoin dominance first. Using Capriole’s Speculation Index and Crypto Breadth models, which track the relative strength and price movement of altcoins, he made a key observation: “Right now, only 5% of altcoins are above their 200-day moving average. That’s not bullish.” He compared the current setup to late 2020, when Bitcoin surged from $10K to $60K before altcoins began outperforming. That rotation required Bitcoin to first breach previous all-time highs decisively. “You want Bitcoin to hit something like $140K while alts are still underperforming. That would be the ideal setup […] that’s when capital begins rotating downstream,” he explained. Conversely, if altcoins begin pumping prematurely, while Bitcoin remains range bound, Edwards sees that as a top signal. “That’s usually the last puff of air,” he warned. Cycles Are Changing, Risks Are Evolving Beyond price action, Edwards questioned the relevance of traditional halving cycles. He argued that the impact of miners—once the primary driver of Bitcoin supply dynamics—has diminished significantly due to ETFs, corporate treasuries, and sovereign actors like Michael Saylor. “That four-year cycle is dead—or at least dramatically weaker. Miners are now just 2–3% of the total supply flow. The real drivers today are institutions,” he said. This evolution reduces the probability of 80% drawdowns and increases the risk of systemic leverage—particularly from publicly traded Bitcoin-heavy firms. While not an immediate concern, Edwards sees potential for long-term vulnerabilities if major players overextend. Edwards also discussed diversification within Capriole’s portfolio. While Bitcoin remains the firm’s core allocation, he revealed exposure to quantum computing equities like IonQ (IONQ), Rigetti (RGTI), D-Wave (QBTS), and QUBT. “I think quantum is like Bitcoin in 2015. It’s early, it’s volatile, but the long-term CAGR could be even higher than Bitcoin’s.” He added that gold also plays a strategic role, not as a replacement but as a hedge. Capriole monitors the gold-to-equity ratio closely, and its breakout above the 200-day moving average is seen as a historically bullish signal—both for gold and Bitcoin. In closing, Edwards urged investors to tune out most of the financial news cycle. “Probably 99% of headlines don’t matter,” he said. Instead, focus on game-changing shifts: Fed pivots, global liquidity expansions, and true structural reconfigurations of capital flow. “We’re wired to overreact to bad news. The key is to filter it down to a few macro drivers that actually move the market—and Bitcoin right now has those working in its favor.” Until altcoins show meaningful breadth and break their long-term resistance structures, Edwards’ message is clear: Bitcoin will soar. Altcoins won’t—at least, not yet. At press time, BTC traded at $105,557. Featured image created with DALL.E, chart from TradingView.com

Recent trends in the Bitcoin ETFs market reveal a significant shift in investor sentiment, with funds flowing into BTC exchange-traded funds while gold-backed funds experience notable outflows.  Bitcoin ETFs Emerge As Preferred Safe Haven According to a Bloomberg report, US Bitcoin ETFs have attracted over $9 billion in inflows in the past five weeks, primarily driven by BlackRock Inc.’s iShares Bitcoin Trust ETF (IBIT). In contrast, gold-backed funds have seen outflows exceeding $2.8 billion during the same time frame. Related Reading: Can XRP Market Cap Touch $1.5 Trillion? Analyst Reveals The Math Behind It This divergence in investor behavior comes as easing trade tensions have diminished demand for traditional safe havens like gold. Meanwhile, Bitcoin is increasingly being recognized as a viable alternative store of value amid growing concerns about US fiscal stability.  Furthermore, the market’s leading cryptocurrency reached a record high of $111,980, buoyed by favorable regulatory developments and rising macroeconomic uncertainty.  Although gold remains up more than 25% this year, it has retreated from its recent peaks, currently trading approximately $190 below its all-time high. BTC’s Advantages Over Gold Analysts suggest that this rotation towards Bitcoin ETFs indicates a growing acceptance of the cryptocurrency as a legitimate hedge within investment portfolios.  Christopher Wood, global equity strategist at Jefferies, expressed optimism for both gold and Bitcoin, noting their effectiveness as hedges against currency debasement in the G7 nations. However, skeptics argue that Bitcoin’s notorious volatility still undermines its position as a true safe haven. Historical instances of macroeconomic shocks have shown Bitcoin falling sharply alongside other risk assets. Yet, some experts believe that Bitcoin’s decentralized nature gives it an advantage over gold in times of financial system risks.  Geoff Kendrick, global head of digital assets research at Standard Chartered, highlighted Bitcoin’s dual role as a hedge against both private sector risks, such as the collapse of Silicon Valley Bank in 2023, and government-related concerns, including the stability of the US Treasury. Kendrick pointed out that recent threats to Federal Reserve (Fed) independence, alongside tariff escalations and broader concerns about US policy credibility, further bolster Bitcoin’s appeal. Related Reading: $400K Bitcoin? Analyst Says It’s Not A Dream—It’s ‘Coded’ In addition to these factors, Bitcoin appears to be shedding its previous reputation as merely a tech-adjacent risk asset. Dilin Wu, a research strategist at Pepperstone, noted that Bitcoin’s intraday correlation with major indices like the Nasdaq, as well as with the dollar and gold, has significantly decreased.  The backdrop of growing fiscal strain has intensified the discourse surrounding these assets. Moody’s recently downgraded the US from its last triple-A credit rating, citing concerns over ballooning deficits and national debt.  This downgrade aligns the US with other ratings agencies, including Fitch and S&P Global, which already rate the country below the top tier. Despite the recent surge in Bitcoin’s popularity, gold continues to outperform on a year-to-date basis, boasting gains of about 25% compared to Bitcoin’s rise of approximately 15%. Featured image from DALL-E, chart from TradingView.com 

Bitcoin is showing signs of fatigue after reaching a new all-time high of $111,814 on May 22. Since then, Bitcoin has had multiple failed attempts to break above this level, which has led to an increase in bearish pressure. Over the past several days, price action has begun forming a sequence of lower highs on the 4-hour timeframe, which, according to technical analysis on the TradingView platform, is interpreted as a signal that bullish momentum may be losing steam.  Resistance Rejects Again With Double Top Risk The analyst behind the TradingView post highlighted the clear rejection pattern near the $111,000 to $112,000 zone, which Bitcoin has repeatedly tested since last week but has failed to break through. This repeated failure to break higher says that bullish momentum is fading fast, especially as retail buyers are now somewhat hesitant to buy at this zone. Related Reading: Crypto Market Today: 5 Bullish Catalysts To Watch That Say Bitcoin Price Is Going Higher According to the chart analysis, the current price movement is beginning to resemble a classic double top structure, which is a technical formation that often signals a shift from bullish control to bearish dominance. Given the weakening follow-through on each upward attempt, this setup could be the early signal of a more significant market reversal in the days ahead. With this in mind, the analyst illustrated this outlook with a projected zigzag path on a 4-hour candlestick timeframe chart, anticipating that another rejection from the resistance band could trigger a cascading move downward. Furthermore, these multiple rejections have led to a simultaneous weakening of support around $105,000, and this level could give way at any time soon.  Bitcoin Might Drop To $102,000 Support Zone If this projected zigzag path plays out, Bitcoin’s price could break lower in the coming days and head toward a support area located between $101,000 and $102,000. This zone comes into focus because it acted as a strong support level between May 14 and May 19. Bitcoin eventually found footing around this level to stage a rebound that ultimately pushed it to the all-time high of $111,900 reached on May 22. Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next Although the bull market narrative is still dominant in the long term, the current price action has shifted the short-term tone of the market to bearish. This analysis addresses that potential, and Bitcoin could revisit the $101,000 to $102,000 before another leg up. At the time of writing, Bitcoin is trading at $105,272, down by 2.5% in the past 24 hours. The $106,800 support level has already given way, and the focus is now on holding above $105,000. If Bitcoin fails to hold above $105,000 in the coming trading sessions, it could lead to a cascading downturn towards $101,000 during the weekend. Featured image from Getty Images, chart from Tradingview.com

Lyn Alden, a leading macroeconomic strategist and financial analyst, took the stage at the Bitcoin 2025 conference with a stark warning: the US fiscal deficit is no longer a problem that can be addressed; it is an unstoppable force. Alden’s address centered around the growing structural issues within the US economy, particularly the government’s runaway spending, and the inevitable impact it will have on asset prices, especially scarce assets like Bitcoin. Bitcoin Vs. Unstoppable US Debt “Nothing stops this train,” Alden said, underscoring the severity of the situation. She went on to explain how US fiscal deficits and unemployment rates, which once moved in tandem, have begun to decouple in recent years. “Over the past several years, ever since 2017, we’ve seen a decoupling. Unemployment rates have dropped, yet the federal deficit has ballooned to 6-7% of GDP.” This shift, Alden argues, signals a new fiscal reality that is now irreversible. Alden’s analysis highlighted that this trend has been exacerbated by the pandemic, but it was already in motion long before. She pointed to historical data, emphasizing that during most periods in the past, when unemployment went up, so did federal deficits, but this pattern has now changed. “This is a new era,” Alden stated. “The decoupling of the deficit from unemployment is something that hasn’t been seen for decades.” The implications of this fiscal decoupling are significant for investors, particularly those seeking to protect their portfolios from the erosion of purchasing power caused by inflation. Alden turned her attention to the broader asset landscape, showing how gold and Bitcoin have responded to the shifting economic climate. She displayed a chart comparing gold prices to real interest rates, illustrating a strong historical correlation between the two. Related Reading: Bitcoin Warning: Bull Trap Or $270,000 Rocket? Analyst Exposes What’s Coming Gold and Bitcoin are the two primary reserve assets that compete with each other at that scale,” Alden explained. “When real interest rates are high, investors are enticed to return to the dollar and treasury system. But when those rates are not high enough to keep pace with inflation, gold and Bitcoin shine.” Alden noted that since 2022, the correlation between gold prices and real rates has broken down, a development that further complicates the economic landscape. “We’ve entered a new environment where both gold and Bitcoin have continued to rise despite rising interest rates,” she pointed out, highlighting the growing divergence between traditional financial assets and alternative assets like Bitcoin. “If you’d asked anyone five years ago whether Bitcoin could hold its ground with interest rates at 4-5%, most would have said no. Yet, here we are, with Bitcoin worth over $100,000 per coin.” Why Bitcoin Wins For Alden, this shift is not merely theoretical; it is evidence of a deeper, more entrenched fiscal dynamic. She argued that as US government debt reaches unsustainable levels, traditional methods of controlling inflation, such as raising interest rates, have become ineffective. “When they raise interest rates, they ironically increase the federal deficit at a faster pace than they slow down private sector credit growth,” she explained. “The problem is that we no longer have the brakes attached to the system. The fiscal train is moving full speed ahead, and there’s nothing in place to slow it down.” Alden also explored how the Fed’s interest rate policies are increasingly unable to control credit growth in the face of rising government debt. “In the past, when federal debt was low, raising interest rates could slow down credit growth effectively. But now, with federal debt surpassing 100% of GDP, every rate hike just accelerates the deficit.” This, she argued, illustrates the structural weakness of the current system—one where the government is forced to keep increasing its debt, as there is no viable way to unwind the fiscal burden. Related Reading: Bitcoin Up 15% in a Month, Analyst Cautions on MVRV Resistance Level In stark contrast to the US fiscal system, Alden presented Bitcoin as the ultimate hedge against these inflationary pressures. “Bitcoin is the opposite of this system,” she noted. “Unlike the US dollar, which is constantly being debased by inflationary policies, Bitcoin is an asset defined by absolute scarcity. You can’t create more of it. And that scarcity is what makes Bitcoin an attractive store of value in an era of fiat instability.” Alden also made the case for Bitcoin’s growing relevance in a world where traditional financial mechanisms are faltering. “The rules that governed the economy for the past century no longer work,” she said. “We’ve gone through the looking glass. We are in a new era where nothing can stop the fiscal train. But Bitcoin, with its transparent ledger and fixed supply, stands apart as an asset that can’t be manipulated or inflated away.” In conclusion, Alden warned that the fiscal trajectory of the US is set for the long haul. “For the next decade, we will be running very large fiscal deficits in the US, almost regardless of what else happens,” she said. “Nothing can meaningfully decelerate this trend. The only way to protect yourself is to own the highest quality scarce assets. And Bitcoin is at the top of that list.” At press time, BTC traded at $105,822. Featured image created with DALL.E, chart from TradingView.com

On-chain data shows the Bitcoin Market Value to Realized Value (MVRV) Ratio is getting high, but still outside this extreme territory. Bitcoin MVRV Ratio Yet To Surpass +1 SD Line In its latest weekly report, the on-chain analytics firm Glassnode has talked about how Bitcoin is currently looking from the perspective of the MVRV Ratio. The “MVRV Ratio” is a popular indicator that, in short, tells us about how the value held by the investors as a whole compares against their initial investment. Related Reading: Toncoin Open Interest Spikes 33%—Will History Repeat With A Pullback? When the value of this metric is greater than 1, it means the holders are carrying more than they put in. In other words, they are in a state of net profit. On the other hand, the indicator being under the threshold suggests the overall network is underwater. The analytics firm has used the MVRV Ratio to define pricing bands that correspond to extreme deviations from the average investor profitability (that is, the mean value of the MVRV Ratio). These bands help point out periods where investor profits/losses are unusually high. Below is the chart shared by Glassnode in the report that shows the trend in these pricing bands for Bitcoin over the last few years. As displayed in the graph, the Bitcoin price has been trading above the mean level of this model since a while now. Recently, the asset has also broken above the +0.5 standard deviations (SD) line. This line corresponds to the price at which the MVRV Ratio attains a value that’s 0.5 standard deviations above the all-time mean. At present, the level is situated around $100,200. The level that BTC is yet to surpass in this latest rally is the +1 SD one, located at $119,400. From the chart, it’s visible that the cryptocurrency breaking above this line has generally led to a top for its price. The explanation behind this pattern lies in the fact that the larger investor profits grow, the more tempted holders become to take them. At extreme deviations of the MVRV Ratio, selling pressure from holders giving in to this temptation becomes significant, hence why the asset approaches a long-term top. In the current cycle, Bitcoin has breached the +1 SD level of the model on two occasions, ending up with the formations of the March 2024 and December 2024 peaks. For now, the current rally is still below this level, but above the +0.5 SD that also corresponds to a significant level of gains. Related Reading: Shiba Inu Trapped Inside Triangle: 17% Move Incoming? “This suggests the market is relatively heated, but arguably still has room for further expansion before the unrealized profit held by investors reaches an extreme level above +1σ,” explains the analytics firm. BTC Price Bitcoin has seen some pullback during the past day as its price is down to $105,900. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin price started a fresh decline and tested the $104,600 zone. BTC is now consolidating and might struggle to recover above $107,500. Bitcoin started a fresh decline below the $107,500 zone. The price is trading below $107,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $107,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if it breaks the $104,000 support zone. Bitcoin Price Dips Further Bitcoin price started a fresh decline and traded below the $107,500 support zone. BTC even traded below the $105,600 level and tested the next support at $104,600. A low was formed at $104,604 and the price is now consolidating losses. There was a move above the $105,200 level, but the price is still below the 23.6% Fib retracement level of the recent decline from the $110,500 swing high to the $104,604 low. Bitcoin is now trading below $107,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $106,000 level. The first key resistance is near the $107,000 level. The next key resistance could be $107,500. There is also a connecting bearish trend line forming with resistance at $107,550 on the hourly chart of the BTC/USD pair. It is close to the 50% Fib retracement level of the recent decline from the $110,500 swing high to the $104,604 low. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $110,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $107,500 resistance zone, it could start another decline. Immediate support is near the $104,500 level. The first major support is near the $104,000 level. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $104,000, followed by $103,200. Major Resistance Levels – $106,000 and $107,000.

Crypto analyst Dr. Cat (@DoctorCatX) has issued a high-stakes warning about Bitcoin’s trajectory, suggesting the market now stands at a decisive technical crossroads. In a detailed post on X, Dr. Cat challenged the widespread optimism surrounding a casual correction to $90,000, dismissing the idea as “a fairy tale” unsupported by multi-timeframe Ichimoku data. Bitcoin $90,000 Dream Is A “Fairy Tale” “To make it clear,” the analyst wrote, “the idea to casually dip to 90K and resume the daily uptrend sounds like a fairy tale to me.” According to Dr. Cat, such a move would require Bitcoin to breach no fewer than four critical support levels on higher timeframes, which he considers “so unrealistic that… [it] may come only in the dreams of someone sidelined waiting for these prices.” Related Reading: US Set To Reign As ‘Bitcoin Superpower,’ Declares Trump’s Digital Assets Chief Instead, Dr. Cat identifies a narrow window of “imbalances” across the daily, 2-day, and 3-day Ichimoku indicators—most notably between $102,600 and $106,300—that remain untapped. “These are pending a touch,” he noted, pointing to the Kijun Sen and Tenkan Sen levels as crucial balance markers. The weekly Chikou Span (lagging span), a key indicator in Ichimoku theory, currently sits above prior candle closes—a historically bullish condition that suggests Bitcoin is still in a strong uptrend unless it closes below those support levels. Dr. Cat charted these historical supports using the 26-period look-back rule: approximately $103.600 for this week, rising to $108.300 by mid-June before dipping toward $99,000 by late June. “If CS has managed to keep above candles so well until now on the steepest past slope, it’s very unlikely to go below them,” he emphasized. However, the bullish case comes with a short fuse. A pivotal technical event—the bullish TK cross on the weekly chart—is expected on June 9. “But if [it’s] below ATH, it will be fake as Kijun Sen will be flat,” he warned. In plain terms: unless Bitcoin prints a new all-time high shortly after the TK cross, the signal will be invalidated. On the other hand, a new ATH post-cross would confirm what Dr. Cat calls a “super clear and bullish signal: very, very unlikely not to be followed immediately by a strong bullish continuation.” Related Reading: Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock Notably, he flags a divergence between BTCUSD and BTCEUR, the latter of which is already showing the Chikou Span dipping into candle territory, a neutral-to-bearish signal. “BTCEUR… looks significantly worse than BTCUSD,” he observed. “This chart is simply neutral and can go either way: much higher than here, or as low as ~70K EUR.” He attributes some of the current BTCUSD bullishness to USD weakness, adding that mid-June will likely clarify whether this price strength is structurally sound or artificially inflated. Zooming out to the monthly chart, Dr. Cat unveiled his most aggressive forecast yet: $270,000 per BTC, based on Ichimoku Price Theory’s “4E model.” While he acknowledged this as a “wild guess,” he argued that the crypto market tends to defy consensus expectations. “Plenty of people seem to be skeptical of this bull run,” he said. “And even if they expect it to continue, they bet mostly on shy/moderate targets. My bet is on the latter [being surpassed].” The next two to three weeks will be decisive. A failure to break all-time highs in June—combined with Chikou Span weakness or daily trend breakdowns—could signal a prolonged cool-off into Q4. Until then, all eyes are on the weekly TK cross and the market’s reaction. At press time, BTC traded at $108,783. Featured image created with DALL.E, chart from TradingView.com

Bitcoin is currently changing hands just above $108,000, consolidating after Tuesday’s fresh all-time high. Charles Edwards, founder of the digital-asset hedge fund Capriole Investments, believes that price could be at least 50% higher by November. In his latest market note, “Saddle Up,” released on 27 May, the manager argues that a rare confluence of macro, technical and on-chain factors has created “the most bullish technical setup we could ask for for Bitcoin at all-time highs.” Bitcoin 50% Rally Is “Conservative” Edwards first set the stage for the call in late April, when Bitcoin was trading near $93,000. “We noted the bullish Bitcoin setup and expectation to be ‘pushing new all-time highs […] quite soon’,” he recalled. One month later the market has risen 16%, validating that view and, in Edwards’s telling, clearing the decks for the next leg higher. Central to the thesis is what Edwards dubs the “Hard Asset Era.” A breakout in the Gold-to-S&P 500 ratio above its 200-week moving average signals that investors are again favouring scarce stores of value over equities. Historically, such regimes are “sticky,” he writes, adding that the ensuing outperformance of gold over stocks has ranged from 150% to 650% in past cycles. “If you think gold has already rallied a lot, think again,” Edwards said. On that analogue, Bitcoin — which tends to lag gold by several months — could be poised for even steeper gains. Related Reading: US Set To Reign As ‘Bitcoin Superpower,’ Declares Trump’s Digital Assets Chief Recent policy changes have underpinned the rotation. Basel III rules elevated gold to Tier-1 reserve status in 2022, forcing banks to back paper positions with physical metal, while last year’s approvals of spot-Bitcoin exchange-traded funds opened institutional flood-gates to the cryptocurrency. Washington’s creation of a Strategic Bitcoin Reserve in early 2025 provided an additional layer of state-level legitimacy. Against the same backdrop, persistent inflation, tariff frictions and the precedent of freezing Russian foreign-exchange reserves have catalysed demand for politically neutral assets. Bitcoin Technicals And Fundamental From a market-structure standpoint, Bitcoin’s April slide to $75,000 and sharp recovery above $90,000 is described as a text-book “fake-out” — a failed breakdown that often precedes powerful upside trends. The weekly close reclaim above $90,000 “marked the start of a new trend,” Edwards contends, making the $104,000 level the first line of defence. “As long as price is above $104K, this is the most bullish technical setup we could ask for,” he wrote, reducing near-term risk management to a single number. Related Reading: Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock Capriole’s machine-learning-driven Bitcoin Macro Index, which blends more than 100 on-chain, macro and equity-market variables, continues to register in “bullish growth.” Apparent demand (production minus dormant supply) has turned positive, US liquidity remains supportive, and Capriole’s new “Volume Summer” metric shows trend-confirming expansion in trading activity. Taken together with the historical three-to-five-month lag between gold breakouts and Bitcoin rallies, the firm argues that “a 50 %-plus rise over the next six months is a conservative target.” Policy Wild-Cards The clearest threats to the projection lie on the policy front. Edwards highlights a 30- to 60-day window for the United States to strike tariff compromises with China and the European Union; failure could dent risk appetite. He also warns that the flourishing “Bitcoin-treasury arbitrage” — whereby corporates issue low-cost debt to accumulate BTC — could amplify downside in a future deleveraging, though leverage levels remain manageable for now. For the moment, however, the combination of a hard-asset bull cycle, confirmed technical strength and improving fundamentals keeps Capriole “very optimistic about the mid- to long-term potential for both gold and Bitcoin.” As long as the market holds above that $104,000 weekly pivot, Edwards suggests investors should — in his own closing words — “saddle up.” At press time, BTC traded at $108,005. Featured image created with DALL.E, chart from TradingView.com

Bitcoin has spent the last five days trading within a relatively narrow range between $106,229 and $111,807, following its recent all-time high of $111,814. Despite the increase in selling pressure from miners after the all-time high, the price of Bitcoin has managed to hold above $108,000, with on-chain data showing Bitcoin diamond hands absorbing all the selling pressure. Long-Term Holders Accumulating With Minimal Spending According to data from the on-chain analytics platform CryptoQuant, the Long-Term Holder (LTH) Spending Binary Indicator has fallen to its lowest level since September 2024. This interesting trend was initially noted on the social media platform X by crypto analyst Alex Adler Jr. Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next The 15-day moving average of this metric, as shown in the chart by CryptoQuant, has dropped to the minimal spending zone. Notably, this zone has consistently preceded a more bullish move in the Bitcoin price.  In parallel, long-term holder supply has risen by approximately 300,000 BTC over the past 20 days. This marks a deviation from the trend of declines in the long-term holder supply since 2024. At the time of writing, 14.6 million BTC, representing about 74% of the total current circulating supply of BTC, is in addresses classified as long-term holders.  This pattern suggests that so-called “diamond hands”, i.e., investors with a strong conviction who hold through volatility, are not only refraining from selling with Bitcoin’s recent new peak, but are actively accumulating. The chart below shows the correlation between minimal LTH spending and rising price action, a behavior that also aligned with phases of Bitcoin’s uptrend in 2019, late 2020, and late 2024. Why It’s Bullish For The Market The significant uptick in long-term holder supply, combined with minimal selling activity, reveals a hidden strength in the market. The current behavior of long-term investors also indicates their confidence in Bitcoin’s valuation at current levels, despite the recent price surge. Many of these long-term holders are in substantial profit, yet still choose to hold. This is unlike short-term holders, who have collectively realized over $11.6 billion in profits over the past month alone. Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens Drawing a parallel with historical data, the current decline in long-term holder (LTH) spending mirrors a similar pattern observed in September 2024. At that time, the LTH Indicator was in the minimal zone, and the long-term holder supply was also increasing steadily. What followed was a remarkable 96% surge in Bitcoin’s price, rising from approximately $54,000 to peaks around $106,000 in December and January. If the market were to follow a similar trajectory from the current price level, a comparable 96% rally would see Bitcoin rise to a new peak near $212,000. At the time of writing, Bitcoin is trading at $109,000. Featured image from Getty Images, chart from Tradingview.com

Bitcoin price started a fresh decline and tested the $106,800 zone. BTC is now consolidating and might aim for a move above $108,500 Bitcoin started a fresh decline below the $108,500 zone. The price is trading below $108,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $108,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $108,500 resistance. Bitcoin Price Hits Support Bitcoin price started a fresh decline and traded below the $108,500 support zone. BTC even traded below the $107,400 level and tested the next support at $106,800. A low was formed at $106,800 and the price is now recovering. There was a move above the $107,500 level. The price surpassed the 23.6% Fib retracement level of the recent decline from the $110,500 swing high to the $106,805 low. Bitcoin is now trading below $108,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $108,000 level. There is also a key bearish trend line forming with resistance at $108,000 on the hourly chart of the BTC/USD pair. The first key resistance is near the $108,650 level. It is close to the 50% Fib level of the recent decline from the $110,500 swing high to the $106,805 low. The next key resistance could be $109,000. A close above the $109,000 resistance might send the price further higher. In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $108,500 resistance zone, it could start another correction. Immediate support on is near the $107,200 level. The first major support is near the $106,800 level. The next support is now near the $106,000 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $103,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $107,200, followed by $106,800. Major Resistance Levels – $108,000 and $110,000.

Samson Mow, a Bitcoin expert and the Chief Executive Officer (CEO) of JAN3, a BTC-focused infrastructure firm, has shared a striking take on the current valuation of the flagship cryptocurrency. According to Mow, Bitcoin is still far from its full potential and, in his view, should already be priced at $10 million per coin. Why Bitcoin Is Not Worth $10 Million Yet In a recent post on X (formerly Twitter), Mow stated, “If the world understood Bitcoin, we would be at $10 million a coin now.” This comment reflects his belief that Bitcoin’s true value is heavily undervalued and underestimated.  Related Reading: Massive $200 Million Sell Wall Holds Bitcoin At $111,000 And $113,000 – Here’s What We Know For Mow, BTC is more than just a coin to trade; it is a revolutionary asset that could shake up the foundations of the current financial system. With its capped supply, decentralized nature, and consistently growing value, many even believe that BTC has the potential to act as a global reserve currency.  Yet despite growing adoption and visibility, Mow argues that most people in the world, including institutions, policymakers, and retailers, still do not fully comprehend Bitcoin and its implications. According to the JAN3 CEO, this knowledge gap is what is holding Bitcoin back from achieving the massive price surge that he and many other long-term advocates anticipate.  While the $10 million mark remains speculative for now, Mow’s remarks reflect a wider sentiment among Bitcoin enthusiasts who see the current price as just the beginning. For example, top Bitcoin supporters and investors like Michael J. Saylor, the founder of MicroStrategy, have shared similar views, predicting an explosive rise in Bitcoin’s value to $10 million by 2035.  Likewise, Matt Hougan, Bitwise’s Chief Investment Officer (CIO), has voiced strong confidence in Bitcoin reaching the $1 million mark. He believes this milestone could realistically be achieved within the next five years.  Demand For BTC Surges Among Institutions And The Wealthy With the growing belief that the Bitcoin price will only continue to rise in the long term, social media reports indicate a significant surge in interest and demand among financial institutions and the wealthy. Notably, Saylor, one of the biggest advocates for Bitcoin, has long been accumulating the cryptocurrency in hundreds of thousands. Related Reading: Is The Bitcoin Rally Over After $111,900 ATH? Global M2 Money Supply Is Still Going Donald Trump, the United States (US) President, has also been a public supporter of Bitcoin, with reports revealing that he is actively buying the flagship cryptocurrency. Even investing legend and hedge fund manager Hugh Henry disclosed earlier this month that he intends to sell his $35 million house to buy $10 million worth of Bitcoin.   Binance CEO Richard Teng also announced that the wealthy are showing significant interest in the leading cryptocurrency. He revealed that sovereign funds and high-net-worth individuals are now purchasing BTC like never before. This growing accumulation by institutions and the rich signals strong confidence in BTC’s long-term value and sustainability. Featured image from Getty Images, chart from Tradingview.com

As Bitcoin (BTC) continues to capture investor enthusiasm, recently reaching a new all-time high of nearly $112,000, crypto analyst Cyclop has shared intriguing forecasts regarding the cryptocurrency’s future performance.  Will Bitcoin Break Its All-Time Highs Again  In a post on social media platform X (formerly Twitter), Cyclop projected that Bitcoin’s next peak is expected between November and December 2025, with the bull market concluding around February to March 2026. Additionally, he anticipates an altcoin rally during the summer and fall of 2025. Related Reading: Here’s Why Hyperliquid Hit New ATH At $39 And Why It Could Continue Cyclop elaborated on the cyclical nature of cryptocurrency markets, noting that while many investors are excited, only a small percentage typically profit.  The analyst attributed this discrepancy to what he calls “crowd manipulation,” where the majority of investors often misinterpret market signals, believing it’s either too late or too early to invest.  The Impact Of Halving Events To provide clarity on market cycles, Cyclop referenced historical data, highlighting previous Bitcoin cycle highs: $1,242 in November 2013, $19,891 in December 2017, and $69,000 in November 2021.  The analyst pointed out that in both the 2017 and 2021 bull markets, peaks occurred exactly 29 months before Bitcoin’s Halving events, a pattern that repeats with remarkable consistency. Moreover, he analyzed the duration and severity of bear markets, noting that the downturns in 2018 and 2022 lasted exactly 12 months, with retracements of 84% and 77%, respectively. These similarities suggest that while each cycle may exhibit minor variations, the overarching patterns remain largely unchanged. Related Reading: Crypto Analyst Predicts XRP Price Could Shoot To $12 Soon Cyclop also observed that Bitcoin has historically broken its all-time highs seven to eight months following halving events, a trend that continued in the latest cycle.  Despite numerous changes in the cryptocurrency landscape, such as increasing mass adoption and evolving macroeconomic conditions, the expected bull run for this cycle appears to be extending slightly longer than its predecessors, with the peak anticipated in late 2025. At the time of writing, BTC is trading at $108,600, marking a modest 3% decline from its all-time high of $111,800, which was reached last week. Year-to-date, the market’s leading cryptocurrency has gained 56%, trailing only XRP, which has gained 337% in the same period. Since Thursday’s peak, BTC retraced to the $106,700 mark, but it has since attempted to consolidate between $108,500 and $109,000, potentially moving toward new highs. However, the $110,000 level could act as a new resistance wall for the Bitcoin price, as many traders see an opportunity to short the asset, expecting further pullbacks that will allow them to liquidate late long positions. It remains to be seen how BTC’s price will perform in the coming days, as this new stage of price discovery could introduce volatility for market investors and perhaps allow altcoins to flourish. Featured image from DALL-E, chart from TradingView.com 

US Treasury Secretary Scott Bessent has signalled that the long-debated overhaul of banks’ supplementary leverage ratio (SLR) is imminent—a policy pivot that could reverberate through Bitcoin markets—telling television interviewers that regulators are “very close to moving” on the rule and that the adjustment could compress Treasury yields by “tens of basis points.” Rocket Fuel For Bitcoin Although the proposal must still clear the Federal Reserve, the Office of the Comptroller of the Currency and the FDIC, the direction of travel is clear: exempting, or partially exempting, US Treasuries from the SLR will let large banks recycle balance-sheet capacity into fresh purchases of government debt. The SLR, introduced after the 2008–2009 crisis, forces even risk-free assets such as Treasuries to carry a capital charge; a global systemically important bank must fund five cents of equity for every dollar of total assets, including central-bank reserves. Bessent’s plan would lift that burden for sovereign bonds, a step the industry has lobbied for since the temporary pandemic waiver expired in March 2021. Kevin Fromer, chief executive of the Financial Services Forum, calls the current leverage-based stack “outdated and at odds with financial stability and economic growth,” describing relief as necessary “to better serve US taxpayers, capital markets, consumers, businesses, and the economy.” Related Reading: Bitcoin Enters A Massive Week: Key Events To Watch While officials frame the move as a micro-prudential calibration, the macro-liquidity impulse is substantial. Market commentator Furkan Yildirim tells his 103,000 subscribers that US banks collectively hold about $5 trillion in Treasuries; eliminating the five-percent capital haircut would liberate roughly $250 billion of tier-one capital—fifty times the Federal Reserve’s current monthly quantitative-tightening pace of $5 billion. “This is a liquidity injection by regulatory pen stroke,” he says, adding that the step “lowers yields without the Fed printing money,” a mix that historically pushes investors further out the risk curve. The market is already trading on that expectation. Benchmark ten-year yields slid below 3.95 percent after Bessent’s remarks and after President Trump deferred a threatened 50 percent tariff on EU goods until 9 July. Yildirim argues that “every basis-point drop in the ten-year is basically a marketing campaign for Bitcoin,” because “liquidity doesn’t disappear—it just looks for a new home.” He stresses that the Treasury’s willingness to change bank-capital rules, rather than rely on the central bank, “tells you how cornered policymakers feel by deficits, debt service and political optics.” Related Reading: Bitcoin SLRV Ribbons Turn Green—What Happens Next? Not everyone is convinced the rule change will work as intended. Critics such as Peter Boockvar of Bleakley Advisory note that banks’ appetite for duration risk has not fully recovered since the 2023 regional-bank failures; if dealers fail to absorb the incremental Treasury supply, the Federal Reserve could be forced back into the market. The Bank Policy Institute, while welcoming SLR relief, argues that it must be paired with a broader rethink of post-crisis overlays such as the GSIB surcharge and the stress-test regime to unlock balance-sheet capacity on a lasting basis. Bitcoin, however, responds reflexively to dollar-liquidity metrics. Lower Treasury yields diminish the allure of money-market funds paying north of five percent, releasing capital that has been parked in cash-equivalent vehicles since 2022. On-chain data highlighted by Yildirim show over-the-counter (OTC) desk inventories sliding to 115,000 BTC, evidence that large buyers are sourcing coins directly; when that stock is depleted, desks must restock from public exchanges, a dynamic that tightens float and historically amplifies upside moves. Ultimately the SLR reprieve is no panacea for America’s fiscal arithmetic, but it removes a near-term balance-sheet choke point and lowers the opportunity cost of holding non-yielding assets. As Yildirim puts it, “A deregulation that stabilises sovereign funding while nudging investors into risk assets is, almost by definition, a tailwind for Bitcoin.” In that sense the rule change functions like shadow quantitative easing, arriving at a moment when the Federal Reserve is hamstrung by sticky inflation and political constraints—one more structural catalyst for Bitcoin. At press time, BTC traded at $108,790. Featured image created with DALL.E, chart from TradingView.com

Trump Media (TMTG) announced that it has successfully raised $2.5 billion from institutional investors, marking one of the largest allocations of Bitcoin treasury assets by a public company. However, the announcement was met with a mixed market response, as shares of Trump Media closed 10% lower on the same day. Trump Media Secures $2.5 Billion For Bitcoin Treasury The substantial funding includes $1.5 billion in common stock and $1 billion in convertible notes, with the proceeds designated for the purchase of bitcoin, which will now be a core asset in the company’s treasury.  Trump Media confirmed that it has secured subscription agreements with approximately 50 institutional investors to facilitate this ambitious endeavor. Related Reading: On The Verge: Strategy’s Recent Purchase Positions Total Bitcoin Holdings Near 600,000 To manage these digital assets, the company will store its Bitcoin with Anchorage Digital and Crypto.com—platforms that recently collaborated with Trump Media to launch its first exchange-traded funds (ETFs).  This announcement comes as BTC retraces from its recent record highs, coinciding with the Bitcoin 2025 conference on the Las Vegas Strip, which has highlighted President Donald Trump’s emerging identity as the nation’s first “crypto president.”  Despite the excitement surrounding the IPO, Trump Media’s stock remains volatile, experiencing nearly a 30% decline this year. The company currently holds a market capitalization of about $5.3 billion, contrasted with reported revenues of just $3.6 million and a loss of $400 million in 2024.  BTC As An ‘Apex Instrument’ Devin Nunes, CEO of Trump Media and former congressman, referred to BTC as an “apex instrument of financial freedom.” He framed this move as a necessary defense against what he described as “systemic discrimination” from financial institutions toward conservative businesses.  In addition to this treasury initiative, Trump Media has partnered with Crypto.com to launch a series of ETFs and digital asset products, pending regulatory approval. These funds will include baskets of cryptocurrencies like Bitcoin and Crypto.com’s native token, Cronos (CRO).  The offerings will be branded under the Trump Media name and made available to global investors through major brokerage platforms and the Crypto.com app, which boasts over 140 million users. Related Reading: Ethereum Nears Critical Price Level – Reclaiming $3,000 Would Spark A Market-Wide Rally The $2.5 billion BTC treasury initiative also follows a broader trend among politically aligned businesses converting their corporate treasuries to Bitcoin-heavy portfolios.  Additionally, figures like Jack Mallers are emerging to rival established players, backed by significant investment from Tether and SoftBank. David Bailey, another major player in Trump-linked BTC initiatives, recently led a $710 million merger with KindlyMD, shifting the company’s focus from holistic opioid recovery to a crypto-first strategy. Bailey, a trusted advisor to the Trump administration, described this approach as “Strategy, squared,” emphasizing a commitment to increasing the BTC holdings per share.  Featured image from DALL-E, chart from TradingView.com

At the Bitcoin 2025 Conference, a session titled “Making America the Global Bitcoin Superpower” conveyed a clear message: the United States is committed to embracing Bitcoin (BTC) and leading the global market.  Key speakers Bo Hines, the White House Executive Director for digital assets, and Tyler Williams from the US Treasury Department, alongside moderator Miles Jennings, outlined the government’s aggressive strategy to establish the nation as a leader in the cryptocurrency space. Integration Of Crypto With ‘Legacy Financial Systems’ “We are well on our way to becoming the Bitcoin superpower of the world,” Hines declared, emphasizing that this initiative transcends partisan politics. He described the movement as a “revolution in our financial system” that requires immediate action. Jennings pointed out the critical regulatory measures that are currently being developed. “If the bill becomes law, we will play a significant role in integrating Bitcoin, stablecoins, and other digital assets with the legacy financial system,” he stated. This integration, he noted, would be facilitated by pending stablecoin legislation. Related Reading: Bitcoin Retraces Below $109,000: Analysts Split on Future Outlook Hines highlighted the importance of modernizing payment systems, asserting, “Updating the payment rails is necessary, and we are making significant progress.”  He noted that forthcoming market structure legislation would clarify the regulatory landscape for intermediaries such as exchanges and brokers, determining whether digital assets will be classified as securities or commodities. Encouraging innovation within the crypto sector, Hines remarked, “We want folks to innovate here. We can’t let fear of regulatory repercussions stifle creativity.” He urged innovators who have moved abroad to consider returning, stating, “Our message to those who have gone offshore is: welcome home.” ‘Bitcoin Is The Golden Standard’ Williams reinforced the need for any new regulations to accommodate the unique nature of decentralized finance (DeFi). “Traditional financial markets operate on a principal-agent model, but crypto is shifting us toward a principal-to-principal structure,” he explained.  He noted that regulatory support for the exchange-traded products (ETP) marketplace had led to a surge in institutional Bitcoin adoption, and he believes that similar outcomes could arise from stablecoin and market structure legislation. Related Reading: Dogecoin Enters Danger Zone — Chartist Predicts Sharp Drop Ahead Hines made a particularly bullish statement, declaring, “Bitcoin is truly the golden standard. This is an asset that we should be harnessing on behalf of the American people. We want as much as we can possibly get.”  Tyler Williams echoed this sentiment, asserting, “We are going big on digital assets.” Hines concluded the session with a strong commitment: “You will certainly see the United States stepping out as the Bitcoin superpower of the world.” As of this writing, the market’s leading cryptocurrency, Bitcoin (BTC), is trading at $108,560, just over 2.8% below its all-time high of $111,800, which was reached last week amid renewed investments in the Bitcoin ETF market. Featured image from DALL-E, chart from TradingView.com 

Bitcoin hovers between $107,000 and $111,000, a deceptively narrow range that masks an options market bristling with tension. In a note to clients released today, Singapore-based QCP Capital argues that the lull is anything but benign. “Bitcoin’s reaction to last Friday’s macro developments was relatively restrained, even as equities rallied sharply,” the desk writes, pointing to “steady” institutional inflows into spot-BTC ETFs as the anchor keeping spot prices in check. Bitcoin Calm Before The Storm? The stability, however, has not bled into derivatives: “Front-end implied volatility held firm, with BTC consolidating in a tight range,” QCP observes, adding that traders are actively paying up for one- and two-week downside protection ahead of the Bitcoin Conference that opens in Las Vegas later today. Related Reading: Bitcoin Enters A Massive Week: Key Events To Watch QCP frames the three-day gathering—whose speaker roster includes US Vice President JD Vance, Strategy chairman Michael Saylor, and Donald Trump’s sons Eric and Donald Jr.—as the key near-term volatility catalyst. “The sustained elevation in near-term vols suggests that traders are positioning around headline risk,” the firm writes. Memories of last year’s Nashville conference linger: a keynote by US President Trump sent one-day implied volatility above 90 before collapsing, with spot BTC tumbling nearly 30 percent in forty-eight hours. “That episode continues to shape market memory,” QCP warns, even as it assigns a low probability to a repeat. The positioning data argue for caution all the same. Perpetual futures open interest has retreated in the past twenty-four hours, and funding rates have slid back toward neutral levels—signs, QCP says, of “a defensive tilt.” Retail voices that typically embrace leverage are dialing back risk as well. Popular trader James Wynn has publicly trimmed longs, echoing an uptick in demand for short-dated puts that QCP describes as “persistent.” ETF flows remain the counterweight to that defensiveness. US spot-Bitcoin products absorbed 7,869 BTC last Friday, the largest single-day haul since late April, according to Glassnode data. For the week ending 23 May, net inflows reached $2.75 billion, the second-strongest weekly print of the year. Those allocations, QCP argues, “offer underlying support,” but are not large enough to overwhelm options-driven short-term swings should headlines jolt sentiment. Rumors—since denied—that Trump Media is exploring a $3 billion crypto raise exemplify the hair-trigger backdrop. “Headline sensitivity is elevated,” QCP writes. In its base case, Bitcoin holds its current band until the Las Vegas speeches conclude, after which “front-end vols are expected to compress as risk premia fade.” Higher Until Early June? Not everyone agrees that the compression will come quickly. The pseudonymous macro-cycle analyst Astronomer (@astronomer_zero), whose FOMC-timing model correctly flagged Bitcoin’s March low and February high, remains emphatically long. “This is not a ‘top in June’ call,” he posts on X. “This is a call that we go higher from here, and I remain bullish. Big difference.” Related Reading: Massive Whale Activity Detected on Binance as Bitcoin Tests New Highs He argues that Bitcoin historically grinds upward until roughly ten calendar days before an FOMC meeting; the next one lands on 18 June. “Price likely keeps going higher until the 8th–18th of June,” he writes, adding that cyclical weekly timing “lines up” and that he is “looking for longs upon short-time-frame pullbacks.” Astronomer’s conviction rests on a broader twenty-four-week cycle that he dates from the October 2024 breakout. “We are only week six,” he notes, implying that the upside phase is barely half-way through. He concedes that “alts always lag behind BTC,” but argues that pressing the momentum trade now is critical: “Going with momentum as long as possible gets you in the right mindset before trying to short too early.” For the moment, spot prices stay eerily placid even as the options market prices a storm. Whether that storm strikes upward or downward may depend on a sound bite delivered from a Las Vegas stage or on a policy nuance telegraphed from the Marriner Eccles Building three weeks later. Until then, Bitcoin’s calm is precisely what makes veteran traders nervous—and why hedging desks are doing brisk business selling fear. At press time, BTC traded at $110,661. Featured image created with DALL.E, chart from TradingView.com

Bitcoin price started a fresh increase above the $108,000 zone. BTC is now consolidating gains and might aim for a move above $110,750 Bitcoin started a fresh upward move above the $108,000 zone. The price is trading above $108,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $108,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $110,750 resistance. Bitcoin Price Consolidates Gains Bitcoin price found support near the $107,400 zone and recently started an upside correction. BTC traded above the $108,000 and $108,500 resistance levels. The price even spiked above the $110,000 resistance zone. However, the bears were active near the $110,750 level. There was a downside correction and the price traded below the $110,000 level. The price dipped below the 50% Fib retracement level of the recent move from the $107,600 swing low to the $110,742 high. Bitcoin is now trading above $108,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $108,800 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $110,000 level. The first key resistance is near the $110,750 level. The next key resistance could be $111,800. A close above the $111,800 resistance might send the price further higher. In the stated case, the price could rise and test the $113,000 resistance level. Any more gains might send the price toward the $115,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $110,750 resistance zone, it could start another correction. Immediate support on is near the $108,500 level. The first major support is near the $108,350 level and the 76.4% Fib level of the recent move from the $107,600 swing low to the $110,742 high. The next support is now near the $107,850 zone. Any more losses might send the price toward the $106,500 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $108,500, followed by $107,500. Major Resistance Levels – $110,000 and $110,750.

A new Bitcoin price analysis confirms that the flagship cryptocurrency is still in a bullish trend after its recent bounce off a key re-accumulation zone. With key structural support levels intact and a bullish AB=CD pattern unfolding, analysts are now eyeing a potential surge above $120,000, marking a new all-time high.  Bitcoin Price Targets $122,000 After AB=CD Completion According to a technical analysis report by TradingView crypto analyst Weslad, Bitcoin is accurately following a well-defined bullish trajectory, potentially paving the way for a surge to $122,000. With BTC now priced at $109,747 at the time of writing, reaching this ATH target would represent an 11.17% increase from current levels. Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens This optimistic forecast comes on the heels of an accurate AB=CD pattern on the BTC chart—-a harmonic structure that previously hinted at significant upside potential. Notably, the Bitcoin price has since retraced into a key re-accumulation zone between $104,000 and $107,000 — a move the analyst described as a healthy correction rather than a reversal. Weslad has disclosed that the present re-accumulation zone is a price range where buyers are believed to be stepping in again. As long as Bitcoin stays within or above this zone, the analyst asserts that its market will remain bullish.  Currently, Bitcoin is trading well-above the crucial psychological support of $100,000, reinforcing its bullish position. The broader market structure also remains intact within an Ascending Channel, supported by higher timeframe demand zones.  According to Weslad’s analysis, if Bitcoin can firmly hold its price within the $104,000 – $107,000 range, the cryptocurrency could see a significant increase to the 2.618 Fibonacci Extension level near $122,000. Adding to this bullish case, a breakout above the $112,000 resistance is also needed to confirm the next leg of this move, marking a potentially stronger and larger upside momentum. BTC Set For Major Pullback Before Breakout As the Bitcoin price approaches the local resistance around $111,000, Weslad warns that the market may face a temporary hurdle before the continuation of the projected uptrend. The TradingView analyst notes that if price action is rejected at this resistance level, traders should anticipate a potential re-test of the $107,000 – $108,000 region.  Related Reading: Bitcoin Top Indicator Says It’s Not Over Yet As Parabola Signals Fail This area has served as a reliable barrier during the recent consolidation phase and is expected to hold firm in the event of a minor correction. Most recently, Weslad affirmed that this anticipated corrective move has already concluded, signaling that the market is now poised for the “real growth phase.” With the base demand zone around $86,000 – $91,000 and strong support around $96,000 – $99,000, Bitcoin’s overall structure remains bullish unless a decisive breakdown below $100,000 occurs. Until then, all eyes remain on the $112,000 breakout level, which could trigger a potential surge toward the projected $122,000 target. Featured image from Getty Images, chart from Tradingview.com

The market’s leading crypto, Bitcoin (BTC), has experienced a retracement below the $109,000 mark on Monday, following its recent surge to an all-time high (ATH) of $111,800 last week. As the cryptocurrency market reacts to these fluctuations, analysts find themselves divided on BTC’s price future trajectory. Bitcoin Could Hit New ATH Of $113,000 This Week Market expert Doctor Profit took to social media platform X (formerly Twitter) to reaffirm his bullish stance, citing the recent occurrence of a “Golden Cross”—a technical indicator that has historically signaled significant price increases.  Related Reading: Dogecoin Chart Turns Ugly—This Price Could Trigger Panic With an accuracy rate of 87.8% on higher time frames, the Golden Cross has flashed only twice in the past two years and has now reappeared. Doctor Profit emphasized its rarity, stating, “This is a rare and powerful signal that deserves serious attention.”  The expert pointed out during his analysis that the previous instances when the Golden Cross appeared resulted in remarkable price surges: in October 2023, Bitcoin jumped from $27,000 to $73,000, representing a 170% gain, and in October 2024, it rose from $63,000 to $109,000, marking a 73% increase.  The expert now anticipates that the Bitcoin price could reach a new all-time high of  $113,000 this very same week, citing substantial liquidity in that area and robust momentum in the market. Potential Bull Trap In BTC Additionally, Doctor Profit highlighted the significant inflows into Bitcoin exchange-traded funds (ETFs), which are nine times greater than the amount of Bitcoin being mined.  He also pointed to Strategy’s (previously MicroStrategy) ongoing accumulation of Bitcoin with a new purchase made on Monday by the company, suggesting that this trend is constraining supply and creating opportunities for further price appreciation. In contrast, fellow analyst Cameron Fous expressed a more cautious outlook on X, suggesting that the current price may represent the peak of the 2025 bull run.  He referenced historical price patterns from the previous bull market, asserting that Bitcoin’s recent performance could resemble a “bull trap,” where prices see a sharp decline after reaching a peak.  Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? Fous indicated that signs of a potential reversal could be forming, especially if Bitcoin breaks below the 50-day moving average (MA). Despite his caution, he acknowledged that Bitcoin could still rally to between $130,000 and $200,000 in the short term.  He emphasized that while the market remains bullish, top signals often precede trend reversals and cautioned that past behavior should inform present decisions, as market dynamics can shift rapidly. When writing, the market’s largest cryptocurrency is trading at approximately $108,739, registering a slight 0.6% retrace in the 24-hour time frame. In total, BTC has retraced little over 3% from its all-time high reached last week.  Featured image from DALL-E, chart from TradingView.com 

As Bitcoin (BTC) attempts to turn the $110,000 resistance into support, some analysts believe its price discovery rally has just started, forecasting new highs for the flagship crypto. Related Reading: Avalanche Slides Off The Edge – What Comes After The 4H Trendline Snap? Bitcoin Starts Second Price Discovery Uptrend Last week, Bitcoin’s momentum propelled its price to its new all-time high (ATH) of $111,814 before retracing to its current range. Over the weekend, Bitcoin confirmed its breakout into its second Price Discovery Uptrend, following its successful retest of the $104,500 mark as support. The cryptocurrency has been in a significant market recovery for over a month, rallying nearly 50% from April lows. Analyst Rekt Capital noted that BTC ended its downside deviation period and positioned itself for a retest of its key re-accumulation range during early May’s surge, which was successfully reclaimed and surpassed. The analyst considers that its new Price Discovery Uptrend has “only just begun,” as Bitcoin starts Week 2 of this phase. Rekt Capital highlighted that this cycle has been “a story of Re-Accumulation Ranges,” which signals that a new range will likely form after this Price Discovery. Meanwhile, history suggests a second Price Discovery Correction is ahead as Bitcoin transitions into its new Price Discovery Uptrend. During its future correction, BTC will likely retrace between 25%-35% “to produce yet another Downside Deviation below the Re-Accumulation Range Low (future orange circle) before resuming upside into a likely Price Discovery Uptrend 3.” In the meantime, “All Bitcoin needs to do is hold above the Re-accumulation Range High of $104,500” to continue its price discovery rally. $110,000 Breakout Next? Notably, the flagship crypto has been retesting the range high as support over the past two weeks, confirming the breakout. As such, dipping into the previous $92,000-$104,500 range’s upper zone could happen as “part of normal volatility.” Moreover, it turned another key resistance, the $102,500 mark, into support during this period, which it had previously been rejected from in January 2025. With these levels as support, Rekt Capital considers that only the December 2024 and January 2025 upwicks, at $108,353 and $109,588, stand in the way of additional Price Discovery. Trader Daan Crypto Trades noted that Bitcoin is “still strong but fighting around its previous all-time high from earlier this year.” He pointed out that price action looks “very choppy” in the lower timeframes, but it shouldn’t be concerning for investors if the price remains within its current range. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? Analyst MacroCRG affirmed that Bitcoin must officially reclaim the $110,000 level to continue its rally, as it marks the previous ATH and the Value Area High (VAH) from last week. “Acceptance above and we likely squeeze straight into price discovery again,” CRG stated. Currently, Bitcoin is retesting its Weekly opening of $109,004 as support, which could set the stage for a breakout above the $110,000 mark if held. Meanwhile, rejection from this area could send BTC price to the $106,000-$108,000 area. As of this writing, Bitcoin trades at $109,181, a 1.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin heads into the final days of May with an unusually dense agenda of market-moving events that stretch from Las Vegas to Washington and Wilmington. Beginning Tuesday the 27th, the world’s largest cryptocurrency will be at the centre of its own ecosystem, Wall Street’s macro diary and one of the most closely watched bankruptcy wind-downs in digital-asset history. Bitcoin Week Of Fire The epicentre is Bitcoin 2025, the annual industry gathering that this year takes over The Venetian in Las Vegas from 27–29 May. Organisers expect more than 30 000 attendees and have added a new “Code + Country” policy track to underline Bitcoin’s emergence as a political wedge issue. “This is more than a headline moment — it’s a signal,” BTC Inc. chief executive David Bailey said when announcing the keynote roster. “Bitcoin is the most exciting financial innovation in the world. It’s at the forefront of the national conversation.” Related Reading: $200,000 Bitcoin ‘Is Real’ By Year-End, Says Top Researcher For the first time a sitting US vice-president will speak at a crypto conference: JD Vance is due on the main stage Wednesday morning, 28 May. His team has trailed a defence of “innovation, financial sovereignty and a more resilient American future,” and public filings show personal Bitcoin holdings worth up to half a million dollars. Moreover, “Crypto Czar” David Sacks, Bo Hines, Executive Director of President Donald Trump’s Council of Advisers for Digital Assets and US Senator Cynthia Lummis will speak on Tuesday. The political guest list does not end there. From abroad, Brexit campaigner – and now Reform UK leader – Nigel Farage has confirmed a fireside interview, arguing that national sovereignty and “free speech” run parallel to Bitcoin’s ethos. “We are pleased to announce that Nigel Farage will join the speaker lineup at the Bitcoin Conference 2025 in Las Vegas,” organisers wrote in a statement last week, framing his return as a natural sequel to his 2023 appearance in Amsterdam. Also slated are Eric Trump and Donald Trump Jr., underlining how thoroughly the Republican establishment has embraced the event. While cameras focus on the Venetian halls, traders will be wiring what the FTX Recovery Trust calls “over $5 billion” to thousands of former customers of the failed exchange. The second distribution round, beginning Thursday 30 May, will see creditors recover between 54 % and 120 % of their dollar-denominated claims, with BitGo and Kraken acting as agents. Because many claimants sold other crypto holdings to cover losses in 2022, analysts will watch whether a fresh injection of spendable dollars feeds directly back into the market. Related Reading: Stealth Bitcoin Bull Run Ahead: Fidelity Says Do Not Blink Macro traders get no respite. On Wednesday afternoon the Federal Reserve releases the minutes of its 6–7 May policy meeting. The Fed’s signaled that, because of persistent inflation risks, a rate cut is off the table for now, even as policymakers express concern over the economic fallout tariffs could trigger. Twenty-four hours later comes the Bureau of Economic Analysis’ second estimate of first-quarter GDP; the advance print showed a 0.3 % annualised contraction, a surprise that rattled rate-cut odds in early May. Finally, Friday brings the April Personal Consumption Expenditures (PCE) price index, the Fed’s preferred inflation gauge, with publication set for 30 May at 08:30 EDT. March’s core PCE was flat month-on-month and 2.6 % year-on-year; economists now infer a 0.2 % MoM rebound for April, keeping the YoY pace at 2.6 %. The estimate comes from translating the latest CPI release into PCE weights. Headline PCE inflation has already slowed to 2.3 % YoY in March, its lowest in four years. At press time, BTC traded at $109,686. Featured image created with DALL.E, chart from TradingView.com

Bitcoin price started a fresh increase above the $108,000 zone. BTC is now consolidating and might start another increase if it clears $110,750 Bitcoin started a fresh upward move above the $107,500 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $109,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $110,750 resistance. Bitcoin Price Consolidates Gains Bitcoin price found support near the $106,650 zone and recently started an upside correction. BTC traded above the $107,500 and $108,000 resistance levels. There was a move above the 50% Fib retracement level of the recent decline from the $111,982 swing high to the $106,672 low. The price even spiked above the $110,000 resistance zone. However, the bears were active near the $110,200 level. The price failed to settle above the 61.8% Fib retracement level of the recent decline from the $111,982 swing high to the $106,672 low. Bitcoin is now trading above $108,500 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $109,200 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $110,000 level. The first key resistance is near the $110,750 level. The next key resistance could be $111,800. A close above the $111,800 resistance might send the price further higher. In the stated case, the price could rise and test the $113,000 resistance level. Any more gains might send the price toward the $115,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $110,000 resistance zone, it could start another correction. Immediate support on the downside is near the $109,200 level. The first major support is near the $108,500 level. The next support is now near the $107,500 zone. Any more losses might send the price toward the $106,200 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $108,500, followed by $107,500. Major Resistance Levels – $110,000 and $110,750.

Bitcoin has seen a sharp pullback in the past few days, dropping below $110,000 after setting a fresh all-time high of $111,900 just four days ago. The correction saw the price fall as low as $107,500 before rebounding slightly, raising doubts among investors about the strength of the recent rally. Despite this retracement, some analysts argue that the bullish structure is still intact for Bitcoin. Particularly, crypto analyst Colin pointed to an interesting macroeconomic indicator called the Global M2 Money Supply as a reason for continued optimism. Global M2 Money Supply Says Bitcoin Rally Still Strong According to an analysis posted by crypto analyst Colin on the social media platform X, Bitcoin continues to track the global M2 money supply with accuracy offset by an 82-day lag. The chart highlights that the global M2 aggregate, which reflects the total liquidity circulating in the world’s largest economies, has recently hit a new all-time high. Historically, Bitcoin has closely mirrored this trend with a slight delay, and Colin believes this pattern suggests there is still considerable room for the Bitcoin price to climb. Related Reading: Bitcoin Vs. Global M2 Money Remains Bullish To Push Price To New ATH Above $100,000 The correlation between the Global M2 money supply and Bitcoin’s price action is statistically significant across various time frames, with the highest correlation of 93% found in the 1½-year window. This strong correlation shows that Bitcoin’s recent rally is on the back of deeper monetary expansion trends.  Keeping this in mind, the interpretation is that Bitcoin is undergoing a healthy retracement within a broader upward trend, especially when viewed in the context of the global money supply. The pullback to $107,500 doesn’t invalidate the bullish setup, and Bitcoin’s ability to hold above the previous consolidation level between $102,000 and $104,000 is also a positive note. Colin: Social Sentiment Still Skeptical, But Data Speaks Loudly Despite the new $111,900 all-time high and Bitcoin bulls successfully holding its breakout level as support, social sentiment is still somewhat uncertain. This was also noted by Colin, who pointed out that many market participants still doubt the sustainability of the breakout, describing this disbelief as ironic given the strength of the underlying data.  Related Reading: Technical Analyst Predicts Bitcoin Price Blow Off Top To $325,000 – The Timeline Will Shock You Colin also referenced the CBBI (Crypto Bull Run Index), which currently reads 79, still comfortably below the overheated threshold. This indicates that, by normal standards, the market is far from its euphoric peak, and there’s still significant upside left in the cycle. The chart provided by Colin highlights a projected upward trajectory that would see Bitcoin breaking above current levels toward $130,000 and beyond if the M2 correlation continues to play out.  Interestingly, Colin’s analysis of the Global M2 supply and its relation to Bitcoin has been spot on in predicting Bitcoin’s rally. In April, when Bitcoin dropped to as low as $74,000, he projected that May would mark the next major breakout period for Bitcoin’s price, and this forecast has materialized exactly as he anticipated. At the time of writing, BTC is trading at $109,670, up by 2% in the past 24 hours. Featured image from Getty Images, chart from Tradingview.com

Bitcoin’s path to $200,000 by December has gained a new champion. Digital-asset research boutique Capriole Investments drew attention over the weekend to fresh modelling from on-chain analyst “ElonMoney,” arguing that a $200,000 print is not only plausible but statistically grounded. “$200K is real,” Capriole wrote on X, adding that the thread is “a great use of Capriole Charts to conduct a macro Bitcoin analysis.” In the research, ElonMoney assembles six long-horizon indicators. “For this analysis, I used metrics like the MVRV Z-Score, Energy Value Oscillator, Bitcoin Heater, Macro Index, and other indicators, as well as historical data,” the researcher writes. “TL;DR: $200K is real.” Bitcoin To $200K Is Real The MVRV Z-Score, which measures how many standard deviations Bitcoin’s market capitalisation sits above its realised capitalisation, begins the stack. At present the score hovers a touch above 2. ElonMoney calls that “a neutral zone, far from the overheated red band,” adding, “Today’s reading tells us the tank is far from empty; previous cycle tops did not arrive until the Z-Score screamed through seven.” The implication, according to the author, is that price could double from current levels without violating historical symmetry. Related Reading: Bitcoin Extreme Greed Is Here—Time To Be A Contrarian? Energy economics reaches a similar verdict. “The energy value acts as a gravity well for price,” ElonMoney explains, referring to the Energy Value Oscillator, which equates a theoretical fair value to aggregate network energy consumption. That fair-value line sits near $130,000—above spot—so the oscillator itself is close to zero. “Until the oscillator shows a 100 percent premium, talk of a terminal top is premature,” he argues, pointing to the 2021 peak, when the premium exceeded one hundred percent even though Bitcoin capped under $70,000. Under current hash-rate projections the model’s fair value could reach $150,000 by October; a repeat of the historical premium would place price in the $225,000 to $300,000 corridor. Derivatives telemetry offers corroboration rather than contradiction. Bitcoin Heater, a composite of perpetual-swap funding, calendar-spread basis and options skew, reads 0.6–0.7. “Derivatives have begun to simmer, not boil,” the note says. “We are nowhere near the sustained 0.9-plus prints that bleed into blow-off tops. Euphoria needs leverage, and leverage is still only warming up.” The Macro Index Oscillator, built from more than forty on-chain and macro inputs, currently registers +0.7. “That is an unmistakable expansion print,” ElonMoney concedes, “but expansion is not exhaustion. In 2021 we watched the same indicator crest at three.” The researcher stresses that user growth, fee revenue and realised profit-and-loss series all point to an economy that is accelerating, not decelerating. Related Reading: Stealth Bitcoin Bull Run Ahead: Fidelity Says Do Not Blink Liquidity depth, captured by the proprietary “Volume Summer” gauge, is favourable but subdued. “Capital is flowing back into spot markets, yet we have not seen the fever-green highlights that accompany retail stampedes,” says the report. The gauge’s latest reading of +75,000 units contrasts with the +150,000 figure recorded sixty days before the April 2021 apex. “Liquidity is positive; it is not parabolic,” ElonMoney writes. Finally comes leverage in absolute terms. The ratio of total open interest to market capitalisation is just under 3.5%. ElonMoney calls the figure “constructive but not combustible,” adding, “The market mechanically cannot top until speculators believe it cannot fall. We are not at that point yet. If OI/Mcap presses past five percent, alarms will sound; until then, leverage is fuel.” Capriole itself does not publish a price target, yet by circulating the analysis it tacitly accepts the inference that Bitcoin has ample upside into year-end. “$200K is real,” Capriole’s post reads in full, appending a screenshot of the report’s headline chart. The timing question hinges on how quickly those six dials swing toward their historical extremes. ElonMoney offers a conditional roadmap: “If MVRV punches through seven, if the Energy Value premium breaks one hundred percent, if Heater pins at one, and if OI/Mcap hits five percent, you will know distribution territory is in sight.” Barring that confluence, he believes price discovery will grind higher. “Bitcoin does not die of old age,” the note concludes. “It dies of over-valuation, and we are demonstrably not there yet.” At press time, Bitcoin traded at $109,559, leaving a near-90% run required to validate ElonMoney’s base case before year-end. Featured image created with DALL.E, chart from TradingView.com

Bitcoin price started a fresh increase and traded to a new all-time high above the $111,600 zone. BTC is now consolidating and might start another increase above $111,000 Bitcoin started a fresh upward move from the $106,800 zone. The price is trading above $108,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $107,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $110,000 resistance. Bitcoin Price Eyes Fresh Increase Bitcoin price traded to a new all-time above $110,000 and recently started a downside correction. BTC tested the $106,700 zone and recently started a fresh increase. There was a move above the $107,000 and $108,000 resistance levels. The bulls pushed the price above the 23.6% Fib retracement level of the recent decline from the $111,983 swing high to the $106,672 low. Besides, there was a break above a key bearish trend line with resistance at $107,800 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $109,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $110,000 level. It is close to the 61.8% Fib retracement level of the recent decline from the $111,983 swing high to the $106,672 low. The first key resistance is near the $110,750 level. The next key resistance could be $111,800. A close above the $111,800 resistance might send the price further higher. In the stated case, the price could rise and test the $113,000 resistance level. Any more gains might send the price toward the $115,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $111,000 resistance zone, it could start another correction. Immediate support on the downside is near the $108,000 level. The first major support is near the $107,500 level. The next support is now near the $106,500 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $103,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $107,500, followed by $106,500. Major Resistance Levels – $111,000 and $113,000.