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The Bitcoin price has turned bearish after hitting a new all-time high above $111,000 back in May. This turn in the tide was expected as the rally put Bitcoin holders in massive profit, showing a risk of profit-taking that could tank the price. So far, the price is already down by 6% % from its all-time high and trending at $104,000 at the time of this writing. But as bears take control, it is likely that the decline is far from over, and the cryptocurrency could fall below 6-figures again. The Pathology Of The Bitcoin All-Time High A pseudonymous analyst who goes by Youriverse on the TradingView website has explained the movement of the Bitcoin price over the past few weeks and why the market has been moving the way it has. As he explains, Bitcoin has been exhibiting what is known as a textbook accumulation since the uptrend began in the second week of May. This accumulation was part of the reason why the cryptocurrency rallied to new all-time highs. Related Reading: Bitcoin Still Bullish, But $200,000 Off The Table And $137,000 In Sight At this time, the crypto analyst revealed that the Bitcoin price had seen more compression as it reached higher lows and resistance remained relatively flat. Additionally, the selling pressure that had rocked the Bitcoin price through the last few months due to the Donald Trump tariff wars had also waned at this time, putting the buyers in control of the price. The result of this is a possible ‘Power of 3’, which the analyst explains includes Accumulation, Manipulation, and Distribution. These three together were part of the reason that the Bitcoin price started moving upward. The resultant rally saw an initial push toward previous all-time high levels, and then subsequently, there was a push to a new all-time high above $111,000. However, the price action waned before Bitcoin could break $112,000. As a result of the dwindling upward pressure, a reversal was inevitable, and the Bitcoin price suffered a decline toward previous support levels at $106,000. However, this support has not held as it has since broken below this level, signaling “a notable shift in market structure.” Why A Decline To $92,000 Is Possible The analyst explained that the ‘Power of 3’ could be playing out right now, and this could see the price go further downward as larger investors dump on the lesser informed retail crowd. Furthermore, as the Bitcoin price continues to trend below the $106,000 support for longer, it increases the likelihood that the price could fall further. “The rejection above the ATH and the subsequent breakdown below $106K has introduced significant overhead supply, which may act as resistance in the near term,” the analyst said. Related Reading: Can Dogecoin Price Still Rally 1,000%? Analyst Reveals End-Of-Year Prediction Given this, he expects that the Bitcoin price could end up falling back to $100,000 and even reach as low as the mid-$90,000s. But if this happens, rather than triggering a bearish trend, it could mean an opportunity to buy, as this area could attract more liquidity and serve as a bounce-off point for another rally. “This potential pullback should not be viewed solely as a sign of weakness,” the analyst stated. “In many bull cycles, such corrections and shakeouts serve to flush out over-leveraged positions and reset sentiment, ultimately laying the groundwork for renewed upward momentum.” Featured image from Dall.E, chart from TradingView.com

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

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

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

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

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

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

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 

Strategy, the Bitcoin (BTC) proxy firm formerly known as MicroStrategy and founded by Bitcoin bull Michael Saylor, has announced a significant new acquisition of the market’s leading cryptocurrency on Monday.  Strategy Capitalizes On Significant New BTC Acquisition In a recent filing with the U.S. Securities and Exchange Commission (SEC), the company revealed it purchased an additional 4,020 BTC for $427.1 million, translating to an average price of $106,237 per token. This acquisition comes on the heels of Bitcoin reaching a new record high close to $112,000 last week, driven by renewed inflows into Bitcoin exchange-traded funds (ETFs) and favorable regulatory developments under President Trump’s administration.  Related Reading: 2,700% XRP Rise? Analyst Predicts Monster Move Based On The Charts Saylor shared the news on social media platform X (formerly Twitter), noting that the latest purchase brings Strategy’s total Bitcoin holdings to approximately 580,250 BTC, acquired for a total investment of $40.6 billion, at an average price of $69,979 per token. As Strategy continues its aggressive Bitcoin accumulation strategy, the company is also planning to raise additional capital to further enhance its holdings.  $7.7 Billion Gain From Bitcoin Investments As reported by NewsBTC last Friday, Strategy announced the launch of a $2.1 billion At-The-Market (ATM) equity program for its preferred stock, Strife (STRF), deemed as a crucial step toward the firm’s long-term goal of establishing a strong Bitcoin-backed financial infrastructure. During an investor update, CEO Phong Lee, alongside Executive Chairman Saylor, highlighted the impressive year-to-date performance of the firm’s Bitcoin-linked securities, Strike (STRK) and Strife, as key factors driving this expansion.  Lee emphasized, “We’re currently at a 16.3% BTC yield for the year, against a 25% target,” indicating the firm’s ambitious goals. So far, Strategy has achieved a dollar gain of $7.7 billion from its Bitcoin investments and aims to reach a target of $15 billion. Related Reading: Solana Picture Bigger Than $420: Analyst Predicts 140% Surge To New ATHs The company had previously issued $212 million through Strike’s ATM program without encountering adverse pricing pressure. Given the high trading volume and strong investor demand, Lee expressed optimism that the $2.1 billion Strife ATM could be executed with similar success. In contrast to its other offerings, Strike is designed for “Bitcoin-curious” investors, featuring an 8% coupon and potential upside through Bitcoin conversion. Saylor described it as a “Bitcoin fellowship with a stipend,” appealing to a different risk profile. Currently, Strategy operates three ATM programs: $21 billion each for MicroStrategy (MSTR) equity and Strike, and $2.1 billion for Strife. These programs are rebalanced daily, allowing the company to adjust its issuance based on market conditions, volatility, and investor appetite.  At the time of writing, BTC is attempting to consolidate above the key $109,370 mark, which has the potential to become a new support level and allow for new records to be reached in the coming weeks. Year-to-date, the cryptocurrency has gained 56%. Featured image from DALL-E, 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 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

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’s price action in the past 24 hours has been nothing short of remarkable. After consolidating for several days in a tightening range, the market broke past the $105,503  support-turned-resistance zone earlier in the week and kicked off a steep climb in the past trading day. This has allowed Bitcoin to push into new all-time high levels, and is showing no signs of slowing down. Interestingly, technical analysis shows the rally comes off an approach of a golden cross between the 50 and 200-day moving averages, but  FX_Professor offered a different take on the much-celebrated golden cross. Analyst Disputes Golden Cross Hype As Late Signal In a recent analysis published on TradingView, FX_Professor discussed a different take on Bitcoin’s golden cross. While most market commentators interpret this crossover of the 50-day simple moving average above the 200-day as a strong bullish confirmation, the analyst dismissed it as a delayed indicator. The analyst described it as the afterparty where retail investors arrive late to the scene. Related Reading: Golden Ratio Multiplier Called Bitcoin Top In 2021 – Here’s What It’s Saying Now Instead of waiting for the golden cross to flash green, FX_Professor noted pre-indicator pressure zones as the real signal of value. In the case of Bitcoin’s price action in recent months, the analyst pointed out the $74,394 and $79,000 region as the zone of accumulation and early positioning, well before the golden cross became visible. As such, by the time the cross appeared recently, Bitcoin’s price action had already been up significantly.  The golden cross is often used by traders as a signal to enter a long position, as it suggests that the asset’s price is likely to continue rising. However, this analysis follows a trend among experienced traders who view the golden cross as more of a lagging confirmation than a trigger of a rally. Early Entry Zones And Structure Matter More, Analyst Says According to FX_Professor, indicators such as EMAs or SMAs can be useful but should never come before understanding the price structure, trendlines, and real-time pressure zones. He shared a snapshot of his own Bitcoin price chart that combines custom EMAs with a signature parallelogram method to detect where price tension begins to build. Visible on the chart are entries forming as early as April when Bitcoin bounced off support around $74,000, long before the crossover confirmation. Related Reading: Bitcoin Top Indicator Says It’s Not Over Yet As Parabola Signals Fail Now, with Bitcoin pushing toward the next target zone near $113,000, the analyst’s strategy continues to validate itself in real time. Nonetheless, the confirmation of a golden cross is still bullish for Bitcoin’s price action moving forward, even if the price rally is already halfway to its peak level.  At the time of writing, Bitcoin is trading at $110,734. This marks a slight pullback from the new all-time high of $111,544, which was registered just three hours ago. The Bitcoin price is still up by 3.1% in the past 24 hours, and new all-time highs are possible before the weekly close. Featured image from Getty Images, chart from Tradingview.com

The Bitcoin price is flying high at the moment, having rallied to a new all-time high (ATH) of $111,800 on May 22. Now, crypto analyst Tony Severino has predicted that this rally is likely to sustain, with BTC reaching $120,000 at some point.  Bitcoin Price To Reach $120,000 Following This Range Breakout In an X post, Tony Severino predicted that the Bitcoin price could reach between $116,000 and $120,000 following the breakout from the $106,000 range. This prediction came just before BTC surged past its previous ATH of $109,100 on May 21. The analyst asserted that the flagship crypto could witness a “long, white candlestick” leading to the rally to this range.   Related Reading: Bitcoin At $118,000 Before June? Trader Reveals When As Weekly MACD Turns Bullish He had also warned that failure to break above the $106,000 range could lead to a retracement as lower timeframe momentum begins to wane. In another post, Severino explained why the range breakout was significant, noting that these breakouts in the Bitcoin price tend to offer a sustainable short-term trend to ride higher. He added that a valid range breakout should be supported by the RSI above 70 on the 3-day timeframe.  The Bitcoin price currently boasts an ultra-bullish outlook, having rallied above the $110,000 mark and reached a new ATH of $111,800. Commenting on the surge to a new ATH, Severino admitted he was wrong about the bear thesis, stating that the macro fundamentals led over the technicals on this rally.  The crypto analyst is confident that the Bitcoin price can go way higher. In his latest analysis, he revealed that BTC’s quarterly just triggered a perfected TD9 Sell Setup. He added that the only other time this happened was in Q4 2017, which was the most bullish quarter in crypto history. Bitcoin eventually rose by over 350% above the candlestick open. If history were to repeat itself, Severino predicts that the move will be “fast, violent, and over” sooner than anyone can imagine. He noted that up appears to be the chosen direction, which is a positive for the Bitcoin price.  A Golden Cross Is Incoming For BTC In an X post, crypto analyst Titan of Crypto stated that a golden cross is incoming for the Bitcoin price. He remarked that BTC is repeating the same pattern, with a Death Cross happening before the Golden Cross. The analyst added that the last time this happened, it triggered a major rally.  Related Reading: Bitcoin Macro Trend Oscillator Shows When To Expect The Price Top In another post, Titan of Crypto predicted that the Bitcoin price could rally to as high as $135,000. He affirmed that the target is still play, with BTC likely to reach this price level this year. Meanwhile, veteran analyst Peter Brandt suggested that Bitcoin could rally to between $125,000 and $150,000 by August.  At the time of writing, the Bitcoin price is trading at around $111,300, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Bitcoin pierced the $111,000 threshold for the first time in history on May 22, printing an intraday high of $111,867 on Binance, giving the asset a market capitalization of roughly $2.22 trillion, or two-thirds of the entire crypto market. The latest leg of the rally is being propelled by a tight confluence of catalysts that span institutional flows, corporate balance-sheet accumulation, and mounting macro-economic stress. #1 Spot Bitcoin ETF Inflows From Wall Street to BlackRock’s vaults, US spot Bitcoin ETFs have turned into a one-way conduit of fresh capital. Farside Investors tallied $607.1 million of net subscriptions on 21 May, of which a blockbuster $530.6 million flowed into BlackRock’s iShares Bitcoin Trust (IBIT). That pushed the 11-day haul to more than $2.7 billion and lifted cumulative net inflows across the complex past $42 billion—an unprecedented pace for a six-month-old asset class. Related Reading: Bitcoin Breakout Narrative Explodes As Japan’s Bond Market Collapses “Over $500mil into iShares Bitcoin ETF…Nearly $2 bil just over past week or so. Inflows 26 of past 27 days. *$7+bil* in new $$$ overall. Given trading volume today, expect these inflow numbers to increase,” ETF Store president Nate Geraci posted on X. Bloomberg’s Eric Balchunas added that IBIT is posting “its 2nd biggest volume day ever today. Classic feeding frenzy in effect, new ATHs will do that, e.g. last time traded this much was 1/23 (last ATH). All the btc ETFs are elevated, most gonna see 2x their average. Flows incoming.” #2 Bitcoin Treasury Companies Parallel to the ETF torrent, a new cohort of listed companies is adopting Bitcoin as a primary treasury asset. Besides Strategy and Metaplanet, these companies bought billions of dollars in Bitcoin in recent weeks. Cantor Fitzgerald’s $3.6 billion SPAC deal will take Twenty One Capital public with more than 42,000 BTC on its books, backed by Tether, Bitfinex and SoftBank. Strive Asset Management is merging with Asset Entities on Nasdaq to create what it calls the first publicly traded asset-manager-led Bitcoin treasury company, equipped with a live $1 billion shelf to keep buying coin. Battery-tech firm KULR Technology Group lifted its stack to 800 BTC this week after a fresh $9 million purchase. Elsewhere, India’s Jetking Infotrain, Indonesia’s DigiAsia Corp, Brazil’s fintech Méliuz, France’s state lender Bpifrance and David Bailey’s Nakamoto Holdings, now merging with KindlyMD to build “the first decentralised Bitcoin treasury network,” among others, all unveiled accumulation strategies within the past month. Collectively these firms represent billions of dollars in spot, largely price-insensitive demand. #3 The New Narrative: A Brewing Macro Storm The macro backdrop is pouring fuel on the fire. Japanese super-long government bonds—once synonymous with near-zero yields—have gone bid-less, sending the 30-year JGB yield to a record 3.14 %. The move tightens the feedback loop linking Tokyo and Washington: Japanese institutions have been among the largest foreign holders of US Treasuries, and analysts warn that disorderly JGB liquidations could force sales of US debt just as the Treasury must refinance roughly $8 trillion this year. Related Reading: Bitcoin All-Time High Propels It Past Amazon, Google To 5th Place Among Global Assets With the WSJ Dollar Index down more than 10% from its January peak and CFTC data showing the biggest speculative short position since mid-2023, investors are casting around for alternatives to sovereign paper. Macro guru Raoul Pal said: “Bond yields are going up. Normally that’s not a good thing… But inflation is falling all the time. The story is liquidity. There’s a lack of liquidity in the bond market, and when yields get too high the government’s reaction function is always and in every case to print more money.” Global liquidity dynamics add to the case. Global M2—aggregating the money stock in the US, euro-area, China and Japan—bottomed late last year and has risen 3–4 % year-to-date, according to multiple trackers. Bitcoin price inflections typically lag global-M2 turns by about three months; the current rally arrived almost on schedule. As crypto analyst Kevin (@Kev_Capital_TA) observed on X, “Dollar goes down, global liquidity rises, BTC goes higher.” For some market veterans, the price action signals a deeper behavioural shift. “We are watching BTC transform from a risk-on asset to a risk-off asset,” Multicoin Capital co-founder Tushar Jain wrote after Wednesday’s bond rout and dollar sell-off. “Today we saw further proof that the government cannot cut the budget deficit. The market reacted by selling US treasuries, selling USD, selling equities, and buying BTC. The transformation is not yet complete. It will take more days like this to convince the market that BTC is a risk off asset. Like most big changes, this will happen slowly and then suddenly,” Jain added. At press time, BTC traded at $ Featured image created with DALL.E, chart from TradingView.com

On May 21, Bitcoin (BTC) achieved a remarkable milestone, reaching a new all-time high (ATH) near the $110,000 mark. This surge was fueled by significant buying pressure, elevating Bitcoin’s market capitalization to over $2.1 trillion.  As a result, the market’s leading cryptocurrency has now positioned itself among the most valuable assets globally, ranking fifth in market capitalization and surpassing major firms like Amazon and Google. Will Bitcoin Surpass Gold? According to the Companies Market Cap web page, Bitcoin’s price surge pushed its market capitalization to approximately $2.182 trillion. Currently, Bitcoin trails only behind tech giants Apple, NVIDIA, and Microsoft, as well as the traditional safe-haven asset, gold, which holds a staggering capitalization of over $22 trillion. Rob Nelson from The Street reported insights from Gracy Chen Chen, Bitget’s Managing Director on a roundtable discussion back in February, highlighting the transformative nature of the cryptocurrency market. Related Reading: Shiba Inu Bulls Roar To Life After Breakout—Next Price Targets With increasing institutional adoption, evolving regulations, and new real-world applications, Chen expressed optimism about Bitcoin’s future. “Bitcoin will definitely surpass gold in terms of market cap, at least for a while, maybe this year or in the upcoming few years,” she stated, suggesting that Bitcoin has the potential for another two to threefold increase in price. Historically seen as “digital gold,” Bitcoin’s role has evolved significantly. Initially perceived as an anti-risk asset, it has become more correlated with traditional financial markets, especially following the anticipated approval of spot Bitcoin ETFs in 2024.  “In the early days, Bitcoin was much considered as digital gold. Right now, it’s still digital gold in my opinion, but now it’s more like a risky asset,” Chen explained, noting its increased correlation with the US stock market. Analysts Predict Potential Surge To $150,000 Positive regulatory developments in the US have further bolstered investor sentiment, fueling expectations for price discovery phases for BTC. Antoni Trenchev, co-founder of the digital asset trading platform Nexo, commented on the current market landscape:  Now that January’s high has been surpassed—and the 50 percent upside from April’s lows has been achieved—Bitcoin enters blue sky territory with tailwinds in the form of institutional momentum and a favorable US regulatory environment. Related Reading: Litecoin Eyes $117.50 As Price Rebounds From Key Support – Analyst Trenchev also emphasized that the market’s still in the fourth year of Bitcoin’s price cycle, traditionally seen as a pivotal period following a halving event—when miner rewards are cut in half.  Historically, this phase has led to significant price increases. “While macro uncertainty and the threat of further volatility remain, a target of $150,000 in 2025 is still very much on the cards,” he concluded. At the time of writing, BTC is trading at $109,570, which is up by 3% and 25% on the 24-hour and 30-day time frames, respectively. Featured image from DALL-E, chart from TradingView.com 

Japan’s government-bond complex, once the benchmark for low-yield stability, is cracking under the weight of its own arithmetic—and the fissures are sending tremors straight into the global debate about Bitcoin as a reserve asset. Thirty-year Japanese Government Bond (JGB) yields catapulted to 3.15% this week, eclipsing every prior high since the tenor’s 1999 debut. That print triggered an instant warning from the markets newsletter The Kobeissi Letter: “Japan’s bond market is imploding… Japan’s 30Y Government Bond Yield has officially surged to its highest level in history, at 3.15%. For decades, Japan was known for low long-term interest rates. Now they are dealing with high inflation, shifting policy outlook, and a whopping 260% Debt-to-GDP ratio.” Liquidity, always fragile at the long end of Tokyo’s curve, vanished just hours later. From New York, Zerohedge relayed traders’ disbelief: “This is unbelievable: for the second day in a row, Japan’s bond market is bidless, with both 30Y and 40Y JGB yields at record highs. Meanwhile, as the world’s 2nd biggest bond market is imploding, the BOJ is pretending nothing is happening.” Related Reading: Bitcoin Macro Trend Oscillator Shows When To Expect The Price Top Inside the Diet, Prime Minister Shigeru Ishiba delivered a stark political gloss: Japan’s fiscal plight, he conceded, is now “worse than Greece,” a phrase that would have been unthinkable during the deflationary 2010s. That assessment lands just as gross public debt pushes toward 260% of GDP and as Japanese investors—who still hold roughly $1.1 trillion of US Treasuries—contemplate selling overseas paper to shore up domestic books. Why This Is Ultra-Bullish For Bitcoin For Bitcoin analysts, the chain of causality is brutally clear. Pseudonymous macro voice Stack Hodler wrote to his followers: “Everyone expects Yield Curve Control. But Japan already tried YCC and look at what it got them—a spectacular bond-market implosion happening right in front of us. Now every Japanese bank, pension fund, and insurance company that trusted the Bank of Japan is holding a massive bag of flaming excrement… If this is the end result of YCC, why would any rational investor hold sovereign debt from severely indebted nations? Central-bank credibility is shattering in real time. Scarce neutral reserve assets—Bitcoin and gold—need to be repriced dramatically higher.” Dan Tapiero, founder of the $3.9 billion digital-asset vehicle 10T Holdings, reached much the same conclusion in fewer words: “Quietly…and off the radar…the Japanese long-bond yields are going parabolic. Time to watch Japan…Unsustainable deficits have been the norm for 30 yrs…Now a problem. Very bullish gold and Bitcoin.” The systemic-risk argument tightens further when one zooms out to the global balance sheet. Author Bruce Florian frames the macro math as musical chairs with a finite number of safe havens: “There are three times more debts than GDP, and interest rates are twice as high as economic growth… It’s like a game of musical chairs. Related Reading: Bitcoin’s Fate May Be Sealed On June 9, Analyst Warns Everyone knows there are fewer chairs than players.” Florian highlights the feedback loop linking Tokyo and Washington: “The biggest buyer of US debt has been Japan… But this customer is now in financial trouble… There’s a high chance Japan will sell some of these bonds to stabilize its own situation… In a year when the USA needs to refinance $8 trillion, what happens if no buyers show up? The Fed will monetize the debt.” The punch line, he insists, is Bitcoin: “Bitcoin is shifting from a ‘nice-to-have’ asset to a must-have asset… In a world of unlimited debt, scarcity is the most radical form of reason.” Wall Street heavyweights are edging toward the same territory. JPMorgan’s Jamie Dimon told investors on Monday, “I’m not a buyer of bonds. The risks are too high.” Ray Dalio wrote that the greater default risk now lies in “currency debasement,” not in missed coupons. And Larry Fink, whose firm’s spot-Bitcoin ETF has absorbed more than $31 billion since January, said on Fox Business that Bitcoin is “an international asset” fit for times when “countries devalue their currencies.” BTC Price Responds Bitcoin’s price action is responding in real time. BTC rose to $107,322 at press time, less than 4% shy of its halving-cycle high. None of this proves that Bitcoin is destined to replace sovereign debt, but the directional shift in marginal flows is no longer hypothetical. When the second-largest bond market on earth shows two consecutive bidless sessions and its prime minister compares the country to Greece, capital chases the assets whose supply cannot be printed. Bitcoin, engineered for hard-cap scarcity, slots neatly into that vacuum. Whether this is the moment sovereign debt loses the mantle of “risk-free” remains to be seen. What is indisputable is that the implosion of Japan’s ultra-long JGBs has handed Bitcoin its clearest macro tail-wind since 2020’s pandemic-era liquidity flood—except this time the narrative is not emergency stimulus but the dawning realization that even advanced nations are running out of balance-sheet room. For a growing cohort of investors, the word bond is beginning to rhyme less with safety and more with risk, while Bitcoin is rhyming—loudly—with insurance. Featured image created with DALL.E, chart from TradingView.com

Despite price pullbacks and recent market volatility, a crypto analyst has predicted that Bitcoin (BTC) may still have room for another parabolic rally. The analyst cited historically reliable top indicators that suggest that the market has not reached its top yet, even as parabolic signals fail to trigger a surge.  No Sign Of A Bitcoin Cycle Top — Yet In a recent post on X (formerly Twitter), market expert Crypto Con shared a comprehensive technical analysis rooted in the well-regarded top Bitcoin cycle indicators developed by DA_Prof. The accompanying chart revealed that Bitcoin’s current market trajectory has yet to reach the “cycle top” zone — a region that has consistently coincided with major market peaks in the past.  Related Reading: Road To $320,000: Bitcoin Enters Trend Continuation, But $109,400 Must Hold Da Prof’s technical indicator model synthesizes insights from thirteen time-tested on-chain and market metrics. This multifactor approach has successfully predicted past cycle tops in 2013, 2017, and 2021, making it a valuable tool in potentially identifying long-term market turning points.  According to Crypto Con, Bitcoin’s current price action and technical readings suggest that the flagship cryptocurrency may still be preparing for a final ATH rally. The analyst asserts that any potential cycle peak in 2025 will likely emerge only when Bitcoin enters a critical zone identified through the convergence of these thirteen advanced indicators.  The metrics utilized in Da Prof’s indicator model include: Coin Value Days Destroyed (CVDD) Extension Net Unrealized Profit-Loss (NUPL) Market Value-Realized Value Z-score (MVRVZ) Calendar Seasonality (CSI: top near November 21) Puell Multiple (PUELL) Halving Seasonality (HSI: top near 538 days after halving event) Logue PolyLog Regression (PLR) Realized Price (RP) Extension Plus Directional Movement (PDM) Logarithmic MACD (LMACD) Pi Cycle Top (PCT) Transaction Fee Spike (TFS) Risk Crypto Con noted that historically, when these indicators converged in the red-hot region, represented by the cluster of indicators in the lower heatmap section of the chart, the Bitcoin price experienced a dramatic peak followed by a significant crash.  However, in the current cycle, none of Da Prof’s metrics have entered the zone. Instead, the readings across the lower bands of the model remain comparatively muted, suggesting that market euphoria has not yet reached past-cycle extremes.  Parabola Signals Flash Early, But No Peak In Sight While Da Prof’s top Bitcoin indicators remain elusive, Parabola signals, another key feature of Crypto Con’s analysis, have flashed not once but three times in this cycle. These signals are historically linked with the early stages of Bitcoin’s explosive price rallies experienced during the previous bull markets.  Related Reading: Is Bitcoin Price Turning Bullish Or Bearish? Crypto Analyst Reveals Critical Levels To Watch Yet despite these alerts, Bitcoin has failed to enter a true parabolic breakout phase so far in 2025. Crypto Con has indicated that the May 2025 parabola signal is especially notable, as it coincides with Bitcoin crossing the indicator’s Parabolic Boundary.  This breach, paired with the absence of Da Prof’s indicator stack, creates an unusual setup. Emphasizing this anomaly, Crypto Con posed a rhetorical question: “No cycle top + parabola signal = ?” —- hinting that Bitcoin’s true bullish climax may still be ahead. Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin is currently trading around the $105,000 mark after a brief uptick to $107,000 in the past 24 hours. Notably, this marks the second time Bitcoin has rejected around $107,000 in the past few days. Despite this volatility, Bitcoin managed to close last week’s candle above a key resistance level that had capped its price action for weeks. This close, recorded just above the red horizontal line at $103,000, has introduced confidence in the continuation of the uptrend, and points to the bulls still in control of Bitcoin’s price action. Bitcoin Weekly Closes Above Range – First Bullish Step Current Bitcoin price action shows that bullish investors and buyers are still controlling the momentum behind the largest cryptocurrency and, in essence, the rest of the crypto market. Notably, Bitcoin initially experienced a brief surge to nearly $107,000 over the weekend before retreating. Related Reading: Bitcoin Macro Trend Oscillator Shows When To Expect The Price Top This price movement was followed by a dip to around $102,000, with the back-and-forth most likely being influenced by factors such as Moody’s downgrade of U.S. debt and investor reactions to potential interest rate cuts by the Federal Reserve. However, in an interesting note, the BTC price managed to close above the $103,000 range during this first move to $107,000, which is very important in terms of technical analysis going forward. This sentiment is echoed by crypto analyst Rekt Capital on social media platform X, who pointed out the next step that might play out for Bitcoin. Post-Breakout Retest Underway, Says Rekt Capital The $104,000 price level had previously acted as a stubborn ceiling throughout much of the recent Bitcoin price consolidation between $102,000 and $104,000 since May 9. However, since breaking above this level, the ensuing price action has seen the Bitcoin price retracing towards this level after another rejection at $107,000. Related Reading: Golden Ratio Multiplier Called Bitcoin Top In 2021 – Here’s What It’s Saying Now According to crypto analyst Rekt Capital, the dip following the $107,000 rejection isn’t necessarily bearish. Instead, it could be part of a post-breakout retest, a pattern often seen in strong bullish structures.  If this retest successfully confirms the former resistance as new support, BTC could set the stage for a breakout into fresh all-time highs. As shown in the 1W Bitcoin price chart above, the red resistance level is very close to Bitcoin’s January 2025 all-time high around $108,780. Furthermore, the chart shows that the recent breakout above the $90,000–$103,000 zone appears to mirror a pattern of Bitcoin’s breakout after a consolidation move, after another bounce from a low. In this case, the bounce occurred at the $75,000 low in early April.  If Bitcoin does rebound with enough trading volume around $104,000, this could provide the much-needed momentum for a move above $107,000 and finally above $108,700 again. At the time of writing, Bitcoin is trading at $105,555, up by 2.9% in the past 24 hours. Featured image from Adobe Stock, chart from Tradingview.com

With Bitcoin (BTC) surging back above the $105,000 mark and nearing its record high set in January, market expert Doctor Profit has outlined bullish predictions for the leading cryptocurrency. In a recent post on social media platform X, he detailed the dynamics he believes will drive Bitcoin toward new highs. Bitcoin Breaks Key Levels As Institutional Demand Surges Since hitting $77,000, Doctor Profit identified $100,000 as the first significant target, which has now been achieved. Looking ahead, he sees the next breakout target between $116,000 and $120,000.  His confidence stems from several positive indicators, including a strong bullish divergence observed on the daily chart—a technical signal often associated with forthcoming price increases. He emphasized that daily divergences tend to have a higher success rate than those seen on longer time frames. Related Reading: Coinbase Confirms DOJ Investigation Following Major Security Incident Additionally, Doctor Profit pointed out that the funding rate is currently stable, with no over-leveraged positions in the market. He noted that BTC recently broke out of a significant double bottom formation and is now testing previous highs.  A critical factor in his outlook is the substantial accumulation by US exchange-traded funds (ETFs), which are reportedly purchasing Bitcoin at a rate eight times greater than its current mining output.  This aggressive accumulation phase, according to Doctor Profit, indicates institutional interest remains robust, even as retail traders have largely stayed on the sidelines during recent volatility. BTC Could Dip To $90,000 The analyst also highlighted that the strongest retail buying occurred around the $90,000 mark, which also represents a liquidity hotspot. Should the market revisit this level, he sees it as an optimal entry point, perfectly positioned at the bottom of the established trading box. Looking ahead, Doctor Profit anticipates volatility, particularly in light of Moody’s recent downgrade of the US credit rating from AAA to AA1—the first major downgrade since S&P’s similar action in 2011.  Historical context suggests that such downgrades can lead to swift market corrections. In August 2011, following a downgrade, markets dropped by 5.5% in a single day. Doctor Profit believes that Bitcoin could similarly dip into the $90,000 range to capture liquidity before rebounding. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? Despite potential short-term fluctuations due to the downgrade, Doctor Profit maintains a bullish outlook for Bitcoin, reiterating his target of $116,000 to $120,000. He noted that the market had largely priced in the downgrade, and historically, stocks have rallied following such events.  With major institutions, including BlackRock, increasing their Bitcoin purchases in the exchange-traded fund arena, Doctor Profit sees no signs of weakness in the market, pointing to further price gains for the market’s leading cryptocurrency. At the time of writing, BTC is trading at $105,400, marking a 12% increase over the past two weeks and a nearly 24% increase over the past month. Year-to-date, the cryptocurrency has gained 60%, lagging behind XRP’s gains of over 300% in the same period. Featured image from DALL-E, chart from TradingView.com 

Bitcoin spent the European trading hours changing hands near $103,000 after Sunday night’s failed attempt to clear $107,100. The pull-back has done little to dent the conviction of market technician Dr Cat (@DoctorCatX), who argues that the decisive battleground is still three weeks away: the weekly close of 9 June, when the Tenkan-sen is projected to cross above the Kijun-sen on the Ichimoku chart. What This Means For Bitcoin Price In a post on X published on May 19, the analyst reminded followers that “some people don’t understand the concept of time-frames,” adding that “while now we have a clear rejection with volume, a lot of people decided to get scared … on the first red 4h candle which even if red, didn’t break support.” He framed the current setback as routine consolidation: “Since tomorrow ~99.9K is a super-strong support,” he wrote, identifying the high-liquidity pocket between $98,900 and $100,200 as an area that is “most likely” to be “bought up pretty quickly and decisively” should spot bids be tested. Related Reading: Bitcoin’s $10,000 Stairway: Chart Signals March Toward $115,000 The crux of Dr Cat’s argument lies in the interaction of the fast-moving Tenkan-sen and the medium-term Kijun-sen on the weekly chart. An upward cross of the former above the latter—sometimes colloquially dubbed a “TK golden cross”—carries weight among Ichimoku practitioners because it signals that near-term momentum has finally overwhelmed the baseline trend. What makes the 9 June close especially delicate is the tightness of the current range. Dr Cat concedes that “it’s unclear which will come first, $99,000 or $109,000—and that doesn’t really matter,” but he is categorical that “any deeper retrace below $98,000 is very unlikely.” The rising Kijun-sen, itself a 26-period mid-point, has in effect ratcheted support higher with every week of sideways trade. Related Reading: Galaxy CEO Novogratz Sees Imminent Bitcoin Breakout To $130,000 Macro-sensitive traders will also be working around the publication of the May US Consumer Price Index on June 11—two days after the anticipated TK cross—and the Federal Reserve’s rate-setting meeting on June 17-18. With real-yield expectations still dominating risk-asset positioning, any upside surprise in core inflation could delay the confirmation of bullish chart patterns—or intensify them if the data land dovish. For now, the market remains range-bound. As long as $99,000 holds on a closing basis and the Chikou-span (lagging line) stays above price, Dr Cat sees little reason to abandon an all-time-high thesis. “If by the time of the cross the price is still holding above Tenkan Sen … if ATH is not seen by then, it should be seen pretty much immediately,” he wrote. Whether that confidence will survive the macro calendar is another question. What is clear is that both discretionary traders and systematic funds are marking 9 June as the moment the chart either validates the 2025 bull cycle—or postpones it once more. At press time, BTC traded at $103,721. Featured image created with DALL.E, chart from TradingView.com