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.
Bitcoin is grappling with intensified volatility following a sharp selloff triggered by US President Donald Trump’s abrupt announcement of a sweeping 50% tariff on all EU imports starting June 1. The unexpected macroeconomic move sent shockwaves through assets, and Bitcoin was no exception, dropping aggressively from all-time highs near $111,800 to lows around $107,500 in a matter of hours. Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Although there was a brief recovery towards $109,000, the ensuing price action now shows an intense battle between the bulls and bears, with technical analysis on the 1-hour candlestick timeframe showing the two ways Bitcoin can play out this week. Bitcoin Compression Structure Between Fair Value Gaps According to crypto analyst TehThomas, Bitcoin’s current price structure is defined by two opposing 1-hour fair value gaps (FVGs). The lower FVG zone identified by the analyst is around $107,500, which showed up during the rally towards $111,814 ATH and is now acting as the first significant reaction point post-rally. The upper FVG range is between $109,800 and $110,700. This level, previously the base of a breakdown candle, flipped into strong resistance on Friday. Interestingly, a rejection was confirmed inside this upper FVG, which showed there were many sellers present in that zone. Notably, the 1-hour chart shared by the analyst points to a deadlock scenario for the Bitcoin price. A breakout above or below the identified fair value gaps will likely define the directional bias for Bitcoin’s next major leg. Bitcoin’s next impulsive move will likely come with volume confirmation, either with a bullish displacement above resistance or a bearish rejection that pushes the Bitcoin price toward a lower demand target. Chart Image From TradingView Bullish And Bearish Scenarios For Bitcoin Interestingly, since the analysis, the ensuing price action has been marked by Bitcoin’s failure to reclaim the upper FVG and more of a consolidation around the lower FVG at $107,500. This places the most significance around this level, as Bitcoin’s reaction here could either cause a rebound upwards or a significant price retracement. For the bullish scenario, a bounce at the lower FVG will send the Bitcoin price towards the upper FVG. A sustained move above the upper FVG at $110,700 would indicate a bullish reclaim and might bring a new all-time high around $113,000 back into focus. Related Reading: Think Big? Multiply It By A Billion — XRP Tied To ‘Greatest’ Global Meeting: CEO For the bearish scenario, especially with a clean loss of the $107,500 level, the path opens for a move toward $106,000. This level is aligned with a liquidity pool left behind from consolidation early last week. If the structure breaks downward below $106,000, sellers may seize control in the short term. At the time of writing, Bitcoin was trading at $107,017. Featured image from Unsplash, chart from TradingView
After an impressive outing in the past week, the price of Bitcoin seems to be in a cool-off period, sitting nearly 4% away from its recent all-time high. This weekend’s performance somewhat looks like the typical movement of the crypto market at the end of the week in 2025. However, the latest on-chain observation shows that a group of investors might be responsible for the sluggishness of the Bitcoin price over the past day. These recent signs point to the possibility of the bull cycle entering its final stages. Here’s When BTC Price Could Begin To Witness Significant Correction In a new post on the social media platform X, investment data firm Alphractal revealed that the Bitcoin short-term holders (STH) are starting to distribute their coins. The short-term holders are known to be the most reactive group of investors, as seen with the BTC investors shaving off their holdings following the recent increase in the Bitcoin price. Related Reading: Bitcoin Pulls Back To Daily EMA 8 – Can Bulls Hold Momentum? This on-chain revelation is based on the changes in the Bitcoin Supply Held By Short-Term Holders indicator, which tracks the total amount of BTC owned by investors for less than 155 days. As shown in the chart below, this metric has been dwindling over the past few weeks, signaling ongoing distribution by short-term investors. From a historical perspective, when the supply held by STH witnesses an abrupt decline, the price of Bitcoin is likely near major cycle tops. In essence, the reactive investors offload their assets as the price increases, slowing down the coin’s demand. Alphractal noted that this is “a classic sign” that the bull cycle might be close to its final stages. The on-chain analytics firm also highlighted that the Short-Term Holder realized price currently sits at $94,500, acting as the final support level preventing this investor group from going underwater. On the other hand, the Long-Term Holder realized price currently stands at around $33,000, suggesting a clear behavioral divergence between long-term and short-term investors. In the end, Alpractal noted that the Bitcoin price still managed to reach new all-time highs in 2021 despite the STH distribution. Hence, the market intelligence platform believes that the BTC price still has room for some upside movement, even though macro on-chain signals and the halving cycle pattern suggest a significant correction could begin after October 2025. Bitcoin Price At A Glance As of this writing, the price of BTC sits just beneath $109,000, reflecting a 0.4% increase in the past 24 hours. According to data from CoinGecko, the flagship cryptocurrency is up by over 5% in the last seven days. Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Featured image from iStock, chart from TradingView
Over the past few weeks, Bitcoin has displayed strong bullish momentum, breaking through several resistance levels to reclaim six-figure valuation and forge a new all-time high. After breaching its previous all-time-high price, the premier cryptocurrency has rekindled positive sentiments regarding its growth across the cryptocurrency market. As BTC continues to grow, however, recent on-chain data suggests that investors may need to check their optimism and approach the market with caution. Futures Surge, Spot Falls — Binance Data Signals Need For Caution In a May 24 post on social media platform X, on-chain analyst Darkfost reported that trader activity in the Bitcoin futures market on Binance has slightly increased since May 5, while the spot market activity has dwindled considerably. Related Reading: Technical Analyst Predicts Bitcoin Price Blow Off Top To $325,000 – The Timeline Will Shock You This on-chain observation is based on two metrics: the Daily Binance Future Trade Volume and the Trading Volume on Futures and Spot. As their names suggest, these metrics track the trading volume across various markets on the world’s largest exchange. When the Future Trading Volume metric has a high value, it typically suggests a growing appetite for short-term bets on BTC. On the other hand, a low value implies less willingness of futures traders to bet on Bitcoin’s movement in the short term. For the spot market, a high value on the metric mirrors investors’ inclination towards long-term bets on Bitcoin. Meanwhile, a low value often indicates that investors suggest reduced faith in the long-term promise of the flagship cryptocurrency. According to data shared by Darkfost, the increase in futures activity, combined with the decrease in spot market activity, has created an imbalance in market dynamics. This current imbalance hints at a rise in speculative trading, meaning investors are now more motivated by risk-on sentiment, rather than long-term belief in the cryptocurrency. According to the analyst, this inclination to place bets on BTC’s short-term movement can heighten volatility, especially when these bets are not backed by strong spot demand to support the trend. “This increase in risk-taking on the market makes the trend more fragile and calls for heightened caution before making investment decisions,” Darkfost ended with a warning note. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $107,770, reflecting a 0.2% increase in the past 24 hours. According to data from CoinGecko, the flagship cryptocurrency is up by over 4% in the past seven days. Related Reading: BNB Price Slingshot To $1,000: Why The 50 EMA Could Hold The Key Featured image from iStock, chart from TradingView
Bitcoin finally broke through its all-time highs this week, reaching $112,000 and holding firm above the key psychological level of $100,000. After weeks of steady momentum and bullish consolidation, the breakout marks a major shift in market structure, confirming that bulls are now in full control. The move has reignited optimism across the market, with sentiment turning decisively positive as BTC enters price discovery once again. Related Reading: Tron Bulls Regain Control – On-Chain Data Shows Fresh Buying Pressure The breakout wasn’t just technical—it was backed by strong positioning across derivatives markets. According to data from Coinglass, Bitcoin’s weekly liquidation heatmap reveals a dense cluster of liquidity around the $105,700 level. This area could act as a magnet in the short term, with some traders expecting a brief sweep into that zone before BTC resumes its upward trajectory. This environment now favors bulls, with both technical levels and on-chain data aligning to support further upside. As long as Bitcoin continues to close above $100K and dips remain shallow, the path of least resistance appears to be higher. With liquidity, momentum, and macro sentiment aligning, the coming weeks could be critical as BTC sets the tone for the rest of the market—and potentially the start of a full-blown bullish phase. Bitcoin Remains Strong Amid Tight Conditions Bitcoin posted another bullish week, reaching a new all-time high of $112,000 before pulling back slightly to hold above the key $100,000 level. Despite the strength, market sentiment has yet to flip fully euphoric. A cautiously bullish tone dominates as macroeconomic conditions remain tight, with high US Treasury yields and growing instability in global trade continuing to weigh on risk assets. Unlike many altcoins, which are still trading well below their previous cycle highs, Bitcoin appears to be thriving in this high-stress environment. Its resilience is being closely watched, as capital continues to favor BTC over smaller, more volatile assets. This relative strength reinforces Bitcoin’s status as a macro hedge, especially in uncertain economic conditions. Top analyst Ted Pillows added to the discussion by highlighting data from Coinglass, which shows significant liquidity sitting around the $105,700 level on the BTC weekly liquidation heatmap. According to Pillows, this cluster could serve as a short-term magnet, suggesting that a quick sweep of that zone may occur before Bitcoin resumes its upward move. “Liquidity at $105K is thick. A dip into that area could clear out late longs before the next leg higher,” he noted. With Bitcoin holding key levels and sentiment remaining grounded, the setup is favorable for continuation, but not without potential volatility. If BTC can defend the $100K–$105K range and reclaim $110K, the next push toward new highs may arrive sooner than expected. For now, bulls remain in control, but traders are staying alert as global markets remain on edge. Related Reading: Bitcoin Pulls Back To Daily EMA 8 – Can Bulls Hold Momentum? BTC Holds Above Key Averages Bitcoin is trading at $108,249 on the 4-hour chart after a strong push to $112,000 earlier in the week. The chart shows BTC currently consolidating above a confluence of key moving averages, including the 34 EMA ($108,046), 50 SMA ($106,840), and 100 SMA ($105,109), all of which are trending upward. These levels now serve as dynamic support zones, keeping the short-term structure bullish as long as price remains above them. Despite the rejection near $112K, BTC has avoided any aggressive selloff and continues to respect the mid-range levels of its recent breakout. The $103,600 level, marked in yellow, is a key horizontal support and previously acted as a resistance ceiling. It now provides a strong base if any deeper correction occurs. Volume has declined during this pullback phase, indicating that the selling pressure is likely corrective rather than the start of a trend reversal. If bulls can maintain control above $106K and reclaim momentum above $110K, a retest of the recent highs is likely. Related Reading: Ethereum Climbs Back To $2,700 – Bulls Ready For A Breakout? For now, the 4-hour trend remains intact. All eyes are on whether Bitcoin can hold above the clustered support and continue building a base for the next leg higher. Featured image from Dall-E, chart from TradingView
Bitcoin is wrapping up the week with strength, trading above the $105,000 mark after a sharp rally that pushed prices to a new all-time high near $112,000. The move reignited bullish momentum across the market, with traders and analysts now turning their focus to what could be the next phase of this cycle. Related Reading: Tron Bulls Regain Control – On-Chain Data Shows Fresh Buying Pressure Despite the aggressive push higher, on-chain data suggests the market remains healthy. Top analyst Darkfost highlighted that net realized profits are still within normal levels for a bull run. According to his analysis, profit-taking is not a sign of weakness—it’s a necessary part of market structure during uptrends. “This is what keeps investors engaged and prevents parabolic exhaustion,” he noted. The recent price action points to a potential shift in market dynamics, as Bitcoin breaks out of its post-halving consolidation phase. With weekly support forming above $105K and realized profit metrics staying in check, bulls are eyeing higher levels. If this momentum holds, the $112K rejection may only be a short-term hurdle. As always, volatility remains in play—but this week’s close sends a strong signal: the bull market structure is still intact. Bitcoin Has Room To Grow As It Prepares For Historic Weekly Close Bitcoin is on track to record its highest weekly close in history, signaling growing strength as it prepares for what many believe could be the next major bullish phase. After surging to a new all-time high near $112,000 earlier this week, BTC is now stabilizing above the $105,000 level—positioning itself above key short-term support going into next week. Still, while price action paints a bullish picture, macroeconomic conditions continue to pose risks. High interest rates, tightening financial conditions, and broader market uncertainty remain major factors. Investors are cautiously optimistic, but volatility could quickly return if global risk sentiment deteriorates. On-chain data offers a more grounded view of the current cycle. According to Darkfost, CryptoQuant data shows that realized profits currently stand at 104,000 BTC, or around $11 billion. While that number may seem large, it’s still well below the historical danger zone of 350,000 BTC—a level that typically signals euphoric conditions or overheating. This suggests the market remains in a healthy profit-taking zone. “Profit-taking is not a red flag during a bull market,” Darkfost noted. “It’s necessary. It helps maintain momentum and keeps participants engaged.” The coming week will be critical. A confirmed weekly close above $105K could solidify this level as new support and set the stage for further upside. But if bulls fail to hold ground, the rally risks losing steam. For now, Bitcoin appears strong, but the market is entering a zone where conviction will be tested. Related Reading: Bitcoin Pulls Back To Daily EMA 8 – Can Bulls Hold Momentum? BTC Holds Key Support After Rejection From New ATH Bitcoin is currently trading around $107,750 after a volatile week that saw prices hit a new all-time high near $112,000. The daily chart shows BTC pulling back from overbought conditions but holding firmly above the 34-day EMA at $100,886—a level that has consistently acted as dynamic support during this uptrend. Price remains well above the 50, 100, and 200-day SMAs, confirming a strong bullish structure. The key horizontal support at $103,600—now reclaimed—is another crucial zone. This level previously acted as a resistance ceiling during the March-April range and now serves as a potential launchpad if BTC consolidates above it. Volume appears to be declining slightly on the pullback, which may suggest this is a healthy retrace rather than a reversal. As long as Bitcoin maintains above the $103,600–$105,000 zone, bulls remain in control. A deeper correction would find initial support around the 34 EMA and then the 100 SMA near $91,000. Related Reading: Ethereum Holds Above Key Prices – Data Points To $2,900 Level As Bullish Trigger For now, the bullish trend remains intact. However, rejection at $112K and slowing momentum call for caution. A weekly close above $105K would confirm strength, while a break below $103K could trigger short-term weakness. Featured image from Dall-E, chart from TradingView
As the Bitcoin price skyrockets past former all-time highs (ATH), one technical analyst has ignited a wave of excitement across the crypto community with his bold new prediction. According to the forecast, Bitcoin could blow off to an astonishing $325,000 price peak — and the most shocking aspect of this analysis is not just the price target but the accelerated timeline for this meteoric rise. Related Reading: Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K Bitcoin Price To Peak At $325K? The $325,000 Bitcoin price forecast by Gert van Lagen, a prominent crypto analyst on X (formerly Twitter) is based on a technical analysis chart spanning BTC’s movements from 2009 and 2025. The chart applies Elliott Wave Theory on a High Time Frame (HTF), tracking a massive five-wave impulsive structure, with each wave representing a major bullish cycle driven by halving events. Lagen disclosed that Bitcoin is currently in Wave 5, the last wave of this mega-cycle, suggesting that the market is on the verge of its final parabolic blow-off. Each of Bitcoin’s past bull markets, according to the analysis, has ended with a near-vertical explosive surge, where price accelerates rapidly before crashing into a corrective phase. This surge has always been defined by a price angle of at least 82 degrees from the bottom. The crypto analyst has drawn a trendline connecting the peaks of Wave 1 and 2, creating a rising wedge pattern. The lower boundary of this wedge is represented by the 210,000 block SMA, which acts as a long-term support. Additionally, the upper trendline of this wedge intersects with the forecasted market top of Wave 5, which sits at around $325,000. Notably, this bullish prediction relies heavily on Bitcoin maintaining strong momentum and completing Wave 5 as a single clean impulse move, without any deviation or elongation, just like past cycles. Lagen’s bold $325,000 price forecast for Bitcoin comes with an exceptionally near-term timeline. The market expert predicts that BTC could reach this ambitious target as soon as July 5, 2025, which is just over a month away. Interestingly, this timeline is grounded in the movements observed in previous post-halving cycles. The analyst’s projected trajectory of Bitcoin’s surge to a market top also aligns closely with the past patterns that followed each Bitcoin halving cycle. These halving events have triggered strong bull markets during past cycles. The current rally also follows Bitcoin’s fourth and most recent halving event, which took place on April 20, 2024, reinforcing the repetitive and cyclic nature of Bitcoin’s price movements. A Historic Correction Could Follow This Price Surge Beyond the dramatic $325,000 Bitcoin price prediction, Lagen’s analysis also carries a foreboding bearish outlook. He cautions that after Bitcoin reaches this projected market top, what comes next may be a high time frame price crash, possibly lasting several years. Related Reading: Buy XRP Before It Explodes To $1,000, Market Expert Says Once the five-wave structure is completed, Lagen expects Bitcoin to enter its first true Wave 2 correction at the highest degree. Historically, Wave 2 retracements are deep, and given the current backdrop of global tightening and recession risks, the post-peak environment could challenge even the most seasonal holders. Featured image from Unsplash, chart from TradingView
Bitcoin surged past its previous all-time highs this week, reaching $112,000 on Thursday after breaking through resistance on Wednesday. The move marked a historic moment for the market, solidifying bullish momentum and pushing BTC into a new price discovery phase. However, the excitement was short-lived. Following comments from US President Donald Trump, who threatened to impose a 50% tariff on European Union imports, global markets turned cautious, causing a broad risk-off sentiment that sent Bitcoin prices lower. Related Reading: Ethereum Holds Above Key Prices – Data Points To $2,900 Level As Bullish Trigger The sell-off came swiftly, pulling BTC back below local highs as investors reacted to rising geopolitical and economic uncertainty. While this retracement is not unusual after such a strong rally, it underscores the sensitivity of crypto markets to macro headlines. Top analyst Big Cheds shared a technical perspective, noting that Bitcoin has now returned to the daily EMA 8. Holding this moving average could signal that bulls remain in control and that this pullback is simply part of a healthy consolidation. Bitcoin Steady As Market Uncertainty Grows Bitcoin continues to show resilience in the face of persistent macroeconomic uncertainty. As US Treasury yields remain elevated and volatility sweeps across global stock markets, BTC has managed to hold strong after recently pushing into new all-time highs. While many risk assets falter under these conditions, Bitcoin is proving its narrative as a macro hedge, attracting interest from institutional and retail investors alike. However, despite its recent breakout to $112,000, the rally has not yet been confirmed as a sustainable bullish phase. Analysts widely agree that a clean break above $115,000 is essential to trigger the next leg of price discovery. Without that confirmation, the current move could be seen as an overextension, especially amid broader market instability. Cheds shared a key technical insight this week, noting that Bitcoin is now back at the daily EMA 8 level—a moving average that has acted as reliable support since the $80K range. This suggests that the current pullback could be a healthy retest of trend support rather than the start of a deeper correction. If BTC manages to bounce from this level, bullish momentum could resume quickly. But if the EMA 8 fails, downside risk may increase, especially if traditional markets continue to slide. For now, all eyes remain on how Bitcoin reacts at this technical crossroads. Related Reading: Ethereum Climbs Back To $2,700 – Bulls Ready For A Breakout? BTC Retests Key Level As Uptrend Pauses Bitcoin is currently retesting key technical levels following its sharp rally to a new all-time high near $112,000. As shown in the 4-hour chart, BTC has pulled back to the 34-period EMA (currently around $107,800), a level that has served as reliable dynamic support during this uptrend. The latest candle action shows buyers stepping in slightly above this area, suggesting it’s still holding. Price is also hovering just above the 50-SMA at $106,273, reinforcing this zone as a confluence of support. Volume has picked up slightly on the pullback, which could indicate healthy profit-taking rather than panic selling if this level holds, a continuation toward the previous high, and potentially a push above $112K remains on the table. Related Reading: Ethereum Consolidates Above $2,500 While BTC Leads the Charge – Key Levels To Watch However, if the support fails and BTC dips below $106K, eyes will shift toward the next major horizontal support at $103,600. A drop to this region would still be technically valid within the broader uptrend but could shake short-term bullish momentum. Featured image from Dall-E, chart from TradingView
Bitcoin has had an interesting run so far in 2025, embarking on exciting upside rallies and enduring deep corrections in the space of a few months. The latest upward movement suggests the return of interest and confidence in the world’s largest cryptocurrency. After surpassing its previous all-time high price this week, the Bitcoin price has printed a new high of $111,814 — reached on Thursday, May 22. A fresh all-time-high price is often followed by a major correction, as investors are typically inclined to take profits. However, recent on-chain revelation suggests this Bitcoin bull run might be here to stay — and maybe for a longer period than expected. Analyst Says Realized Profits Yet To Signal Market Top In a May 23 post on social media platform X, on-chain crypto analyst Darkfost revealed that the net realized profits by Bitcoin investors remain normal for a bull phase. The relevant indicator backing this assertion is the Net Realized Profit/Loss metric, which measures the net profit or loss (in USD) of all coins spent on the network over a specific timeframe. Related Reading: Bitcoin Smashes Past $111K, But Are Traders About to Dump? This on-chain metric is calculated by finding the difference between the realized profit and realized loss of crypto investors. Positive values from the metric indicate that coins are being spent at a higher price than they were acquired, resulting in a net profit. On the other hand, negative values indicate that coins are being spent at prices lower than they were bought, resulting in a net loss. Neutral values simply suggest that coins are being spent close to their acquisition price. According to on-chain data shared by Darkfost, realized profits are currently at a high level of about 104,000 BTC (a rough equivalent of $11 billion). The analyst, however, pointed out that while this figure is substantial, it still falls short of the 350,000 BTC threshold level (a level which has historically signaled potential tops and preceded major correctional movements of Bitcoin). Darkfost inferred from the highlighted data that the net realized profit for a Bitcoin bull phase is currently at a normal level. The analyst noted the necessity of profit-taking in a bull market, implicitly preaching against fear amongst investors. Darkfost said about profit-taking: It’s what keeps investors engaged in the market and helps sustain the bullish momentum. Bitcoin Price At A Glance As of this writing, Bitcoin is valued at around $108,360, reflecting a more than 2% decline in the past 24 hours. Related Reading: Bitcoin Ready For Second ‘Price Discovery Uptrend’ Following $109,000 Breakout – What’s Ahead For BTC? Featured image from iStock, chart from TradingView
Fidelity Digital Assets chose a single post on X to frame its latest research note: “Bitcoin is up ~63 % from its 2024 halving price with 27 % of this halving epoch completed. While past epochs saw triple-digit rallies, a new story may be unfolding: one of rising maturity, deeper adoption, and network resilience.” The tweet landed minutes after the firm released “2024 Bitcoin Halving: One Year Later,” authored by senior analyst Daniel Gray, who contends that the apparent lull in price action masks “a strengthening foundation.” Fidelity Flags Bitcoin’s Silent Surge “Bitcoin presents a nuanced narrative a year after its fourth halving, with signs pointing toward consolidation, network resilience, and growing institutional adoption,” Gray writes, adding that structural indicators “suggest a strengthening foundation.” While previous cycles delivered triple- and even quadruple-digit percentage gains by this stage, Gray argues the softer trajectory signals maturation: “History suggests that we would be well into the bull run at this point in the fifth epoch — but this cycle may be unfolding more cautiously.” From a market-share perspective the data are unequivocal. “Bitcoin’s market dominance excluding stablecoins has risen to just over 72.4% as of 11 May, a new eight-year high,” Gray notes, pointing out that Ether and Solana have surrendered ground even as “fragmentation on the long tail of assets has failed to produce a clear alternative leader.” Related Reading: Bitcoin From Pizza Day Era Still On The Move, Glassnode Reveals On-chain security metrics tell a similar story: “Bitcoin’s daily hash-rate rose above one zetta hash per second twice in April, reflecting continued investment in mining infrastructure despite a 60 percent collapse in hash price since the halving,” he observes. Spot-market behaviour has begun to echo those fundamentals. Bitcoin printed a record intraday high of $109,486 on 21 May before extending above $111,000 on so-called Pizza Day, holding near $110,600 at press time. The move has been underwritten by renewed demand from US spot ETFs, which drew $934.8 million of net subscriptions yesterday, May 22— the heaviest single-day haul in almost four weeks. Derivatives activity mirrors the trend: aggregate futures open interest reached a record $80 billion on May 23, up roughly 30% since the start of the month, according to CoinGlass data. Related Reading: Bitcoin Blasts To $111,867 All-Time High—Here’s What’s Driving The Surge Meanwhile, funding rates in most crypto exchanges are at the baseline or below it. “This is the least euphoric new all-time highs in the history of Bitcoin,” crypto analyst Alex Krüger (@krugermacro) wrote via X. Gray cautions that investors should focus less on headline returns and more on the architecture taking shape beneath them. “Although returns have been more measured compared to previous cycles, structural metrics suggest a strengthening foundation. Overall, it appears Bitcoin is potentially maturing—something investors may find more notable than short-term price movement,” he writes. His closing assessment is blunt: “One year post-halving, Bitcoin’s price performance may seem muted, but its fundamentals appear stronger than ever … this may be a cycle that redefines Bitcoin’s role in a modern portfolio.” In other words, Fidelity’s message for would-be spectators is as clear as its headline: do not blink. At press time, BTC traded at $109,563. Featured image created with DALL.E, chart from TradingView.com
Bitcoin futures open interest has climbed to fresh record highs this week. Traders have piled into contracts betting on rising prices. Open interest topped $80 billion on May 23, up roughly 30% since the start of the month. That shows more money is riding on Bitcoin’s next moves than ever before. Related Reading: Bitcoin’s $10K Rhythm: Steady Climb Signals Strong Push To $115K Rising Futures Interest According to CoinGlass, more than $80 billion of Bitcoin futures contracts remain open. That’s the largest total on record. Traders have boosted positions by about 30% since May 1. Many are using borrowed funds to bet on higher prices. Big moves in either direction could trigger forced sales if the market flips. ETF Inflows Provide Support Based on reports, spot Bitcoin ETFs have attracted over $2.5 billion in inflows this week. Those are real coins moving into vaults. Institutions aren’t just trading on paper—they’re buying actual Bitcoin. Those flows help steady the market when risky bets start to wobble. They add a layer of demand that didn’t exist in past rallies. Option Bets Cluster At High Strikes Bitcoin options open interest is also at eye-catching levels. On Deribit, traders have piled in more than $1.5 billion of bets at the $110,000 and $120,000 strike prices. There’s over $1 billion at $115,000, $125,000 and $130,000 strikes too. That shows people are thinking the price could keep climbing well above six figures. But it also means there’s a lot of money riding on a narrow band of outcomes. Expiry Risk Looms Over Market Nearly $2.76 billion of Bitcoin contracts are set to expire today, May 23. Based on reports from Deribit, the put/call ratio stands at 1.2, meaning there are slightly more bets on a price drop than on a rise. The so-called max pain level sits near $103,000—the point where the largest number of options will finish worthless. If price drifts toward that level, it could trigger squeezes or sudden moves as traders scramble. Related Reading: Bitcoin Goes Corporate In Indonesia With $100 Million Treasury Shift Bitcoin Price Nears $112K Bitcoin’s spot price climbed to around $111,150 in late trading, reaching as high as $111,999 earlier in the day. That’s a new high, but it came in a steadier climb than past breakouts. Many point to easing trade tensions between the US and China. Others highlight Moody’s downgrade of US sovereign debt as driving interest in alternative stores of value. That mix of drivers has helped carry prices higher without the typical fireworks. Looking ahead, traders will watch whether ETF demand can keep counterbalancing the risks from crowded futures and options markets. A small pullback could spark a wave of liquidations that sends prices tumbling fast. But continued big inflows into ETFs could give longer legs to this rally. Either way, volatility looks set to stay high in the weeks to come. Featured image from Unsplash, chart from TradingView