THE LATEST CRYPTO NEWS

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

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

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

Bitcoin is grappling with intensified volatility following a sharp selloff triggered by US President Donald Trump’s abrupt announcement of a sweeping 50% tariff on all EU imports starting June 1. The unexpected macroeconomic move sent shockwaves through assets, and Bitcoin was no exception, dropping aggressively from all-time highs near $111,800 to lows around $107,500 in a matter of hours.  Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Although there was a brief recovery towards $109,000, the ensuing price action now shows an intense battle between the bulls and bears, with technical analysis on the 1-hour candlestick timeframe showing the two ways Bitcoin can play out this week. Bitcoin Compression Structure Between Fair Value Gaps According to crypto analyst TehThomas, Bitcoin’s current price structure is defined by two opposing 1-hour fair value gaps (FVGs). The lower FVG zone identified by the analyst is around $107,500, which showed up during the rally towards $111,814 ATH and is now acting as the first significant reaction point post-rally.  The upper FVG range is between $109,800 and $110,700. This level, previously the base of a breakdown candle, flipped into strong resistance on Friday. Interestingly, a rejection was confirmed inside this upper FVG, which showed there were many sellers present in that zone. Notably, the 1-hour chart shared by the analyst points to a deadlock scenario for the Bitcoin price. A breakout above or below the identified fair value gaps will likely define the directional bias for Bitcoin’s next major leg. Bitcoin’s next impulsive move will likely come with volume confirmation, either with a bullish displacement above resistance or a bearish rejection that pushes the Bitcoin price toward a lower demand target. Chart Image From TradingView Bullish And Bearish Scenarios For Bitcoin Interestingly, since the analysis, the ensuing price action has been marked by Bitcoin’s failure to reclaim the upper FVG and more of a consolidation around the lower FVG at $107,500. This places the most significance around this level, as Bitcoin’s reaction here could either cause a rebound upwards or a significant price retracement. For the bullish scenario, a bounce at the lower FVG will send the Bitcoin price towards the upper FVG. A sustained move above the upper FVG at $110,700 would indicate a bullish reclaim and might bring a new all-time high around $113,000 back into focus.  Related Reading: Think Big? Multiply It By A Billion — XRP Tied To ‘Greatest’ Global Meeting: CEO For the bearish scenario, especially with a clean loss of the $107,500 level, the path opens for a move toward $106,000.  This level is aligned with a liquidity pool left behind from consolidation early last week. If the structure breaks downward below $106,000, sellers may seize control in the short term. At the time of writing, Bitcoin was trading at $107,017. Featured image from Unsplash, chart from TradingView

On May 22, Bitcoin registered a new all-time high at $111,970. Since then, market prices have retraced to around $108,000, largely influenced by macroeconomic pressures. Following this development, prominent crypto analyst Burak Kesmeci backs the premier cryptocurrency to soon return and surpass this current all-time high, based on recent on-chain data. Related Reading: Bitcoin Pulls Back To Daily EMA 8 – Can Bulls Hold Momentum? Bitcoin Advanced NVT Holds Above Key Level: Bullish Continuation Remains In Play The Advanced Network Value to Transactions (NVT) metric is an on-chain valuation model that compares Bitcoin’s market cap to its daily USD transaction volume. It is used to evaluate whether an asset is overvalued or undervalued relative to usage.  Generally, higher Advanced NVT values indicate heightened investor speculation, while sustained levels above key thresholds have often coincided with major bull runs. According to Burak Kesmeci in an X post on May 24, the Bitcoin Advanced NVT signal has recently crossed above the +2 standard deviation (+2xSD), a historically significant boundary that signals a period of bullish market strength and robust investor confidence. As seen in Q4 2023 and Q4 2024, an advanced NVT crossover above the +2xSD highlighted in orange in the image below has previously served as a launchpad for bullish continuations, resulting in extended periods of upward momentum. Although the Advanced NVT signal is presently turned downward, Kesmeci explains that as long as this metric remains above the +2xSD level, Bitcoin is likely to maintain its uptrend, indicating there is strong potential for the cryptocurrency to enter new price territory in the coming weeks.  With Bitcoin surpassing its former all-time high in the past week, the premier cryptocurrency continues to look likely to attain the lofty price targets being set by several market analysts. However, macroeconomic factors, most notably US trade policy, remain a major influence capable of inducing significant setbacks as seen since the start of 2025. Related Reading: Singaporean Crypto Investors Boost XRP Holdings To 17%, Report Finds Bitcoin Market Overview At press time, Bitcoin is trading at $107,835 following price gains of 4.02% and 15.37% in the past seven and thirty days, respectively. Meanwhile, the market’s daily trading volume is down by 31.58% and valued at $45.94 billion. According to data from blockchain analytics firm Sentora, the Bitcoin network experienced a 51.03% increase in network fees, signaling a significant rise in transactions and user activities. Meanwhile, exchange inflows were valued at $184 million, which Sentora has described as “mild” relative to previous weeks. This development indicates that many investors opted against selling their BTC holdings despite a new all-time high, signaling long-term market confidence. With a market cap of $2.13 trillion, Bitcoin continues to rank as the largest cryptocurrency and the fifth-largest asset in the world. Featured image from iStock, chart from Tradingview

Bitcoin could climb higher before June wraps up, if today’s momentum holds. According to Shunyet Jan, Head of Derivatives at Bybit, the world’s second-largest crypto exchange, a move to $125,000 by the end of Q2 is on the table. That’s a jump of about 16% from current levels near $108,000. It’s a bold call, but Jan ties it to clear rules, steady fund flows and a sliding US dollar. Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Bitcoin: Bold Price Forecast Jan set the $125,000 target in a market update on Thursday. He argues that if big players keep buying, Bitcoin can make that climb from roughly $108,100 today to $125,000 in five weeks. It’s a tight window. The weeks ahead will matter most as prices test new highs and traders look for clues on follow-through. Bybit’s Head of Derivatives Predicts Bitcoin Could Reach $125K by End of Q2 — WF (@WhaleFUD) May 24, 2025 Three Main Drivers Regulatory clarity tops Jan’s list. Based on reports, the new GENIUS Act gives stablecoins defined rules, which could help banks and funds feel safer about crypto. He also mentions spot Bitcoin ETFs. These funds have pulled in fresh capital, offering a straight path for institutions to own Bitcoin. Finally, Jan points to a weaker US dollar. When the dollar dips, Bitcoin often shines as an alternative store of value, his view goes. Altcoin Outlook Mixed While Bitcoin gets the green light, Jan warns that smaller tokens may struggle. He says high interest rates and global uncertainty might limit gains for Ethereum and other major altcoins. If money slows or risk appetite wanes, altcoins could lag behind Bitcoin’s rally. Traders aiming beyond BTC may need to pick their spots more carefully. Other Expert Predictions Jan’s view isn’t alone. Scott Melker, host of The Wolf of All Streets podcast, thinks Bitcoin could hit $250,000 by December 31, 2025. He notes BTC’s volatility has fallen from about three times that of the S&P to under two times. On another front, Adam Back of Blockstream sees an even steeper climb to between $500,000 and $1 million per coin this cycle. Michael Saylor, CEO of Strategy, adds that recent hiccups below $150,000 are tied to short-term holders exiting. He says longer-term investors are moving in through spot ETFs and corporate buys. Related Reading: Think Big? Multiply It By A Billion — XRP Tied To ‘Greatest’ Global Meeting: CEO What Comes Next Investors will be watching ETF flow reports and any shifts in US rate plans. A surprise hawkish move from the Federal Reserve or a fresh regulatory twist could sway prices just as much as demand. If Bitcoin breaks toward $125,000, it would mark a major milestone. But as always, timing matters nearly as much as price targets. Featured image from Gemini Imagen, chart from TradingView

As the Bitcoin price skyrockets past former all-time highs (ATH), one technical analyst has ignited a wave of excitement across the crypto community with his bold new prediction. According to the forecast, Bitcoin could blow off to an astonishing $325,000 price peak — and the most shocking aspect of this analysis is not just the price target but the accelerated timeline for this meteoric rise.   Related Reading: Traders Pile In: Bitcoin Open Interest Hits All-Time High As Price Nears $112K Bitcoin Price To Peak At $325K? The $325,000 Bitcoin price forecast by Gert van Lagen, a prominent crypto analyst on X (formerly Twitter) is based on a technical analysis chart spanning BTC’s movements from 2009 and 2025. The chart applies Elliott Wave Theory on a High Time Frame (HTF), tracking a massive five-wave impulsive structure, with each wave representing a major bullish cycle driven by halving events.  Lagen disclosed that Bitcoin is currently in Wave 5, the last wave of this mega-cycle, suggesting that the market is on the verge of its final parabolic blow-off. Each of Bitcoin’s past bull markets, according to the analysis, has ended with a near-vertical explosive surge, where price accelerates rapidly before crashing into a corrective phase. This surge has always been defined by a price angle of at least 82 degrees from the bottom.  The crypto analyst has drawn a trendline connecting the peaks of Wave 1 and 2, creating a rising wedge pattern. The lower boundary of this wedge is represented by the 210,000 block SMA, which acts as a long-term support.  Additionally, the upper trendline of this wedge intersects with the forecasted market top of Wave 5, which sits at around $325,000. Notably, this bullish prediction relies heavily on Bitcoin maintaining strong momentum and completing Wave 5 as a single clean impulse move, without any deviation or elongation, just like past cycles.  Lagen’s bold $325,000 price forecast for Bitcoin comes with an exceptionally near-term timeline. The market expert predicts that BTC could reach this ambitious target as soon as July 5, 2025, which is just over a month away.   Interestingly, this timeline is grounded in the movements observed in previous post-halving cycles. The analyst’s projected trajectory of Bitcoin’s surge to a market top also aligns closely with the past patterns that followed each Bitcoin halving cycle.  These halving events have triggered strong bull markets during past cycles. The current rally also follows Bitcoin’s fourth and most recent halving event, which took place on April 20, 2024, reinforcing the repetitive and cyclic nature of Bitcoin’s price movements.  A Historic Correction Could Follow This Price Surge Beyond the dramatic $325,000 Bitcoin price prediction, Lagen’s analysis also carries a foreboding bearish outlook. He cautions that after Bitcoin reaches this projected market top, what comes next may be a high time frame price crash, possibly lasting several years.  Related Reading: Buy XRP Before It Explodes To $1,000, Market Expert Says Once the five-wave structure is completed, Lagen expects Bitcoin to enter its first true Wave 2 correction at the highest degree. Historically, Wave 2 retracements are deep, and given the current backdrop of global tightening and recession risks, the post-peak environment could challenge even the most seasonal holders.  Featured image from Unsplash, chart from TradingView

Bitcoin futures open interest has climbed to fresh record highs this week. Traders have piled into contracts betting on rising prices. Open interest topped $80 billion on May 23, up roughly 30% since the start of the month. That shows more money is riding on Bitcoin’s next moves than ever before. Related Reading: Bitcoin’s $10K Rhythm: Steady Climb Signals Strong Push To $115K Rising Futures Interest According to CoinGlass, more than $80 billion of Bitcoin futures contracts remain open. That’s the largest total on record. Traders have boosted positions by about 30% since May 1. Many are using borrowed funds to bet on higher prices. Big moves in either direction could trigger forced sales if the market flips. ETF Inflows Provide Support Based on reports, spot Bitcoin ETFs have attracted over $2.5 billion in inflows this week. Those are real coins moving into vaults. Institutions aren’t just trading on paper—they’re buying actual Bitcoin. Those flows help steady the market when risky bets start to wobble. They add a layer of demand that didn’t exist in past rallies. Option Bets Cluster At High Strikes Bitcoin options open interest is also at eye-catching levels. On Deribit, traders have piled in more than $1.5 billion of bets at the $110,000 and $120,000 strike prices. There’s over $1 billion at $115,000, $125,000 and $130,000 strikes too. That shows people are thinking the price could keep climbing well above six figures. But it also means there’s a lot of money riding on a narrow band of outcomes. Expiry Risk Looms Over Market Nearly $2.76 billion of Bitcoin contracts are set to expire today, May 23. Based on reports from Deribit, the put/call ratio stands at 1.2, meaning there are slightly more bets on a price drop than on a rise. The so-called max pain level sits near $103,000—the point where the largest number of options will finish worthless. If price drifts toward that level, it could trigger squeezes or sudden moves as traders scramble. Related Reading: Bitcoin Goes Corporate In Indonesia With $100 Million Treasury Shift Bitcoin Price Nears $112K Bitcoin’s spot price climbed to around $111,150 in late trading, reaching as high as $111,999 earlier in the day. That’s a new high, but it came in a steadier climb than past breakouts. Many point to easing trade tensions between the US and China. Others highlight Moody’s downgrade of US sovereign debt as driving interest in alternative stores of value. That mix of drivers has helped carry prices higher without the typical fireworks. Looking ahead, traders will watch whether ETF demand can keep counterbalancing the risks from crowded futures and options markets. A small pullback could spark a wave of liquidations that sends prices tumbling fast. But continued big inflows into ETFs could give longer legs to this rally. Either way, volatility looks set to stay high in the weeks to come. Featured image from Unsplash, chart from TradingView

Bitcoin price started a fresh increase and traded to a new all-time high above the $111,500 zone. BTC is now consolidating and might aim for an increase toward $113,200 Bitcoin started a fresh upward move from the $108,000 zone. The price is trading above $108,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $110,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $112,000 resistance. Bitcoin Price Sets New ATH Bitcoin price started a fresh increase from the $105,000 support zone. BTC formed a base and was able to clear the $108,000 resistance zone. The bulls pushed the price above $110,000. The bulls even pumped the price above the $111,500 resistance zone. The price traded to a new all-time high near $111,980 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $104,270 swing low to the $111,980 high. Bitcoin is now trading above $109,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $110,000 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $112,000 level. The first key resistance is near the $112,500 level. The next key resistance could be $113,200. A close above the $113,200 resistance might send the price further higher. In the stated case, the price could rise and test the $115,000 resistance level. Any more gains might send the price toward the $118,000 level. Are Dips Supported In BTC? If Bitcoin fails to rise above the $112,000 resistance zone, it could start another correction. Immediate support on the downside is near the $110,000 level and the trend line. The first major support is near the $108,200 level and the 50% Fib retracement level of the upward move from the $104,270 swing low to the $111,980 high. The next support is now near the $107,200 zone. Any more losses might send the price toward the $106,000 support in the near term. The main support sits at $105,000, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $110,000, followed by $108,200. Major Resistance Levels – $112,000 and $113,200.

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 price started a fresh increase and traded to a new all-time high above the $109,000 zone. BTC is now consolidating and might aim for an increase toward $112,000 Bitcoin started a fresh upward move from the $106,000 zone. The price is trading above $107,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $107,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $110,850 resistance. Bitcoin Price Sets New ATH Bitcoin price started a fresh increase from the $104,200 support zone. BTC formed a base and was able to clear the $106,000 resistance zone. The bulls pushed the price above $107,500. The bulls even pumped the price above the $109,000 resistance zone. The price traded to a new all-time high near $110,698 and is currently consolidating gains above the 23.6% Fib retracement level of the upward move from the $104,270 swing low to the $110,698 high. Bitcoin is now trading above $108,000 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support at $107,800 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $110,850 level. The first key resistance is near the $112,000 level. The next key resistance could be $112,500. A close above the $112,500 resistance might send the price further higher. In the stated case, the price could rise and test the $113,800 resistance level. Any more gains might send the price toward the $115,000 level. Are Dips Limited In BTC? If Bitcoin fails to rise above the $112,000 resistance zone, it could start another correction. Immediate support on the downside is near the $109,000 level. The first major support is near the $107,500 level, the trend line, and the 50% Fib retracement level of the upward move from the $104,270 swing low to the $110,698 high. The next support is now near the $106,500 zone. Any more losses might send the price toward the $105,000 support in the near term. The main support sits at $104,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $109,000, followed by $107,500. Major Resistance Levels – $110,850 and $112,000.

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 price started a fresh increase and cleared the $106,500 zone. BTC is now consolidating and might aim for another increase toward $110,000 Bitcoin started a fresh upward move from the $105,000 zone. The price is trading above $106,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $106,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $107,200 resistance. Bitcoin Price Moves Higher Toward New ATH Bitcoin price started a fresh increase from the $103,200 support zone. BTC formed a base and was able to clear the $105,000 resistance zone. The bulls pushed the price above $105,500. There was a break above a connecting bearish trend line with resistance at $106,400 on the hourly chart of the BTC/USD pair. The bulls even pumped the price above the $107,000 resistance zone. However, the price failed to extend gains. A high was formed at $107,262 and the price is now consolidating gains near the same trend line. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $104,269 swing low to the $107,262 high. Bitcoin is now trading above $106,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $107,000 level. The first key resistance is near the $107,200 level. The next key resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level and a new all-time high. Another Decline In BTC? If Bitcoin fails to rise above the $107,000 resistance zone, it could start another correction. Immediate support on the downside is near the $106,250 level. The first major support is near the $105,400 level and the 61.8% Fib retracement level of the upward move from the $104,269 swing low to the $107,262 high. The next support is now near the $104,250 zone. Any more losses might send the price toward the $103,500 support in the near term. The main support sits at $102,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $105,400, followed by $104,250. Major Resistance Levels – $107,200 and $107,500.

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

Financial writer Robert Kiyosaki urges investors to consider assets like Bitcoin, gold and silver to protect their savings. He argues that these traditional forms of money are better shields against what he calls “mounting financial risks.” Kiyosaki has issued a fresh warning that an economic turmoil could be on the horizon. He points to the US departure from the gold standard in 1971 as the seed of ongoing instability. Related Reading: Analyst Drops Dogecoin Bombshell: 174% Surge To $0.65 In Sight Bitcoin: Signs From Past Crises According to Kiyosaki, the Long‑Term Capital Management event in 1998 and the Wall Street crash in 2008 were early warnings. He says neither of those shocks caused the real problem—they merely hinted at deeper trouble. In his view, central banks patched holes by injecting cash, but they never fixed the underlying cracks. Those quick fixes run the risk of unravelling when debt levels get too high. In 1998 Wall Street got together and bailed out a hedge fund LTCM: Long Term Capital Management. In 2008 the Cental Banks got together to bail out Wall Street. In 2025, long time friend, Jim Rickards is asking who is going to bail out the Central Banks? In other words each… — Robert Kiyosaki (@theRealKiyosaki) May 18, 2025 Central Bank Limits Exposed Based on reports, Kiyosaki believes that printing money can’t solve every financial headache. He warns that central banks may soon hit their limits. He points out that unlimited cash printing erodes trust in currency, making it hard for banks and governments to rely on the same old playbook. In his words, “You can’t borrow or print your way out of an endless pile of debt.” That debt, he says, is growing every day. Student Loans As Potential Trigger According to the warning, US student loan debt ranks high on his list of danger signs. He sees it as a ticking time bomb that could trigger serious credit shocks. He’s not alone: Treasury Secretary Janet Yellen has said that widespread defaults could unsettle credit markets. Economist James Rickards shares the view, arguing that mass non‑payments may shake the financial system more than commercial real estate or corporate bankruptcies. Growing Interest In Bitcoin And Precious Metals Based on his comments, more people are eyeing Bitcoin, gold and silver as lifeboats. He notes that Bitcoin’s capped supply gives it an edge over fiat money, which can be printed in endless batches. He contrasts a fixed 21 million‑coin limit with the unchecked growth of government debt. Gold and silver, with centuries of use as money, also win points because they can’t be created by a keyboard. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst What Investors Should Watch Kiyosaki suggests keeping an eye on three key signs: rising debt levels, growing numbers of loan defaults, and continued currency printing. He adds that a shift toward alternative assets is a crowd signal—when more people start buying Bitcoin, trust in paper money falls. He reminds readers that no one can guarantee safety in cash; history has shown that hard assets often hold value when paper money weakens. Featured image from Pexels, chart from TradingView

Shares in Indonesian fintech firm DigiAsia Corp jumped sharply on May 19 after it revealed plans to put Bitcoin at the center of its future. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst The company wants to raise $100 million to start building a BTC reserve, and it says half of its net profits will go toward buying more. The announcement got a lot of attention—maybe too much, too fast. Stock Soars On Bitcoin Reserve Plan DigiAsia’s stock, which trades under the ticker FAAS on the Nasdaq, closed the day up more than 91% at 36 cents, Google Finance data shows. But the excitement didn’t last long. After hours, the price dropped 20% to 28 cents. That sudden move shows how quickly investor mood can shift, especially when crypto is involved. Source: Google Finance The stock had been down around 50% this year before the announcement. It was trading close to $12 back in March 2024. Now, it’s nowhere near those highs. This latest surge looks like a shot of adrenaline, not a long-term fix. Bitcoin Reserve Plan And Profit Pledge DigiAsia isn’t just talking about Bitcoin—it’s making it part of its future profits. The company’s board has already approved a plan to treat Bitcoin as a treasury reserve asset. That means it’s not just holding cash; it wants BTC in its back pocket. It also said it would put up to 50% of its net profits into acquiring Bitcoin. The company is currently looking to raise up to $100 million to get that plan moving. It might use tools like convertible notes or crypto finance products to do that. Management is also in talks with regulated partners to figure out how to earn yield on its holdings, possibly through lending or staking. Revenue Growing But Still Small Based on an April 1 financial update, DigiAsia brought in $101 million in revenue in 2024, a 36% jump from the year before. It’s aiming for $125 million in 2025, with projected earnings before interest and taxes of $12 million. That’s solid growth, but the company is still small compared to others getting into Bitcoin. Related Reading: Analyst Drops Dogecoin Bombshell: 174% Surge To $0.65 In Sight Some are questioning whether it’s ready to play in the same league as firms like Strategy or even GameStop, which raised $1.5 billion earlier this year. DigiAsia’s numbers show ambition, but also limits. Bitcoin Adoption Among Public Companies More and more companies are buying into Bitcoin, currently trading around $105,116, with a market cap close to $2 trillion, as a long-term strategy. MicroStrategy, now known as Strategy, holds over 576,000 BTC—worth around $60.9 billion. Strive Asset Management also announced it’s shifting into a Bitcoin treasury approach. Featured image from Unsplash, chart from TradingView

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 price started a fresh increase and cleared the $106,000 zone. BTC is now rising and might aim for another increase toward $110,000 Bitcoin started a fresh upward move from the $102,000 zone. The price is trading above $105,500 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $105,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $107,000 resistance. Bitcoin Price Starts Fresh Surge Bitcoin price started a fresh increase from the $102,000 support zone. BTC formed a base and was able to clear the $104,200 resistance zone. The bulls pushed the price above $105,000. There was a clear move above the 50% Fib retracement level of the downward move from the $107,042 swing high to the $102,100 low. It opened the doors for a move above the $106,000 resistance zone. The current price action is positive since the price settled above the 76.4% Fib retracement level of the downward move from the $107,042 swing high to the $102,100 low. There is also a short-term bullish trend line forming with support at $105,800 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $105,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $107,000 level. The first key resistance is near the $107,200 level. The next key resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level and a new all-time high. Another Drop In BTC? If Bitcoin fails to rise above the $107,000 resistance zone, it could start another correction. Immediate support on the downside is near the $105,800 level. The first major support is near the $105,000 level. The next support is now near the $104,200 zone. Any more losses might send the price toward the $103,500 support in the near term. The main support sits at $102,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $104,200, followed by $103,500. Major Resistance Levels – $107,000 and $107,500.

Bitcoin’s price action in the past 24 hours has been marked by a highly volatile phase that saw it briefly reach above the $106,000 mark. However, this was followed by a return to consolidation around the $103,000 price level.  This intense volatility in the past 24 hours suggests that the Bitcoin price still has a long way to go before it reaches a price top. Amid this volatile movement, a new macroeconomic model, the Decode Macro Trend Oscillator (MTO), has pointed out when to expect Bitcoin’s price to top this cycle. Decode’s Macro Trend Oscillator Model And Its Alignment With Bitcoin Peaks The Decode Macro Trend Oscillator is a sophisticated tool designed by a Bitcoin analyst known as Decode on the social media platform X. The oscillator aggregates around 40 macroeconomic indicators, ranging from interest rates and global liquidity to industrial production and market volatility, into 17 carefully selected leading metrics. Related Reading: Golden Ratio Multiplier Called Bitcoin Top In 2021 – Here’s What It’s Saying Now These are then normalized and visualized as a histogram to produce a cyclical pattern that has historically aligned with Bitcoin’s major tops. A close look at the chart titled Bitcoin Liquid Index on the 1M candlestick timeframe reveals that the light green histogram bars have coincided with each of Bitcoin’s cycle peaks in 2013, 2017, and 2021. These peaks are marked by vertical red lines, and the transitions from deep red to green territory on the oscillator appear to offer a visual cue for the end of bearish phases and the onset of price rallies. As of May 2025, the histogram remains in a deep red zone but has begun inching upward, with the most recent bar reading at -11.47, suggesting that macroeconomic conditions may soon start to favor a bigger rally for Bitcoin. BTC Mode Configuration Fine-Tunes Cycle Top Prediction Decode’s analysis goes beyond Bitcoin-specific indicators. In one of the accompanying charts of the S&P 500 Index of the 2M timeframe, a long-term comparison is made between the current global environment and the economic backdrop of the late 1980s and early 1990s. Interestingly, Decode’s macro trend oscillator proved reliable in estimating periods of downturns and expansions in both instances.  Related Reading: Bitcoin Weekly SuperTrend Flashes Sell Signal From 2022 Despite BTC/USD Strength In both instances, inflation pressure and declining consumer sentiment pushed the oscillator deep into negative territory for years. However, once the histogram flipped into the green, the economy and prices entered a prolonged phase of expansion. The third chart offers a more detailed view of Bitcoin’s weekly trend, including an overlay of M2 money supply growth, which is another popular monetary metric. This view highlights how the Macro Trend Oscillator, when switched to a configuration Decode called “Bitcoin Mode,” fine-tunes its sensitivity to metrics that directly impact crypto markets. In this configuration, only a few of the full 17 metrics that best identify Bitcoin cycle tops are used. As it stands, Bitcoin is still in the negative red histogram zone, even despite its rally in recent months. The first deep green histogram has yet to show up, not to mention the first light green bar that will mark the cycle peak. Based on this setup, the oscillator implies that Bitcoin still has a lot of room to run this cycle, and that a price top is unlikely to arrive in 2025. At the time of writing, Bitcoin is trading at $103,300. Featured image from Pixabay, chart from Tradingview.com

Bitcoin is showing signs of calm after a wild ride earlier this year. The top cryptocurrency dropped sharply from a high of $109,000 in January to a low of $74,600 by mid-April. That’s more than $34,000 wiped out in just a few months. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst But things have shifted since then. Bitcoin climbed back, gaining over 30% and recently reaching $105,700. It’s been trading quietly between $101,000 and $104,000 over the past week. $10,000 Steps Keep Adding Up Some traders are starting to notice a pattern. According to analyst Trader Tardigrade, Bitcoin has been rising in $10,000 chunks, then taking short breaks. He pointed out moves from $75,000 to $85,000, then to $95,000, and again to $105,000. Each jump is followed by seven to 10 days of sideways action. #Bitcoin is climbing steadily, with intervals of around 10k in each consolidation ????$BTC pic.twitter.com/stEgE5NkQH — Trader Tardigrade (@TATrader_Alan) May 16, 2025 This stair-step pattern isn’t just a lucky guess. It gives traders a chance to breathe, take profits, or set new entries. These pauses can also turn into support zones—levels where buyers step in again. If the same behavior continues, the next target could be $115,000, which is about an 11% jump from where Bitcoin is now. Price Holding Above $100K Gives Bulls Confidence Trading above $100,000 is no small feat. Holding that level gives Bitcoin some strength and psychological support. The more time it spends above this line, the more likely buyers feel safe to enter. Last week’s move was modest, only about a 0.50% gain, but that followed a strong 11% surge earlier in May. Some market watchers think this slow and steady growth is a healthy sign. Instead of wild swings, Bitcoin is showing more controlled movement. It’s building a base, and that can be a setup for something bigger down the road. The Golden Ratio Multiplier was one of the few metrics to be accurate in real time at the April 2021 Bitcoin Cycle Top. We’ve already hit our cycle top level this cycle once, but this was for the cycle mid-top in March 2024, which means we’re bound to do it again. Level 5 is… pic.twitter.com/wEHOI6L5Tm — CryptoCon (@CryptoCon_) May 15, 2025 Long-Term Model Points Toward $160K Beyond the short-term moves, a few analysts are looking much higher. CryptoCon, who follows long-term cycle models, shared that Bitcoin may be in the middle of a buildup. He referenced the Golden Ratio Multiplier, a model that uses Fibonacci levels and long-term averages. According to him, a major cycle level was already hit in March 2024, but that wasn’t the final top. Related Reading: Trump Token Mania: Over 6,000% Pump Or Classic Solana Trap? His forecast puts the next ceiling near $160,000, a level he calls “Level 5” in the cycle. That would be a big leap from today’s price—over 50% higher. He compared today’s market to what happened between 2015 and 2017, when a long stretch of slow growth led to a fast rally. Featured image from Unsplash, chart from TradingView

Bitcoin price started a fresh increase and cleared the $105,500 zone. BTC is now consolidating and might aim for another increase toward $108,000 Bitcoin started a fresh upward move from the $102,500 zone. The price is trading above $103,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $104,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $106,000 resistance. Bitcoin Price Extends Gains Bitcoin price started a fresh increase from the $102,500 support zone. BTC formed a base and was able to clear the $103,500 resistance zone. The bulls even pushed the price above $104,200. The bulls even pumped the price above $105,000. A high was formed at $107,042 and the price is now correcting gains. There was a move below the $105,500 level. The price dipped below the 50% Fib retracement level of the upward move from the $103,346 swing low to the $107,042 high. However, it is stable above $104,000. There is also a key bullish trend line forming with support at $104,200 on the hourly chart of the BTC/USD pair. Bitcoin is now trading above $104,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $105,500 level. The first key resistance is near the $106,000 level. The next key resistance could be $107,500. A close above the $107,500 resistance might send the price further higher. In the stated case, the price could rise and test the $108,800 resistance level. Any more gains might send the price toward the $110,000 level and a new all-time high. Another Decline In BTC? If Bitcoin fails to rise above the $105,500 resistance zone, it could start another correction. Immediate support on the downside is near the $104,500 level. The first major support is near the $104,200 level and the trend line. The next support is now near the $103,500 zone. Any more losses might send the price toward the $102,200 support in the near term. The main support sits at $100,500, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $104,200, followed by $103,500. Major Resistance Levels – $105,500 and $106,000.

Popular digital asset analyst with X handle Crypto Patel has stated that Bitcoin is currently retesting a crucial price resistance at the $106,500 price region. Based on the asset’s performance at this level, BTC investors could expect a bullish price continuation or a significant price pullback. After a brief rise above $105,000 on May 12, Bitcoin has remained range-bound, showing no significant price movement since then. However, bullish sentiments remain high as demonstrated by US BTC spot ETFs scooping another almost $2 billion in net weekly investments. Related Reading: Bitcoin’s $10,000 Stairway: Chart Signals March Toward $115,000 Bitcoin At A Crossroads: Can Bulls Push To $120k — Or Does A Fall To $75k Await? In an X post on May 16, Crypto Patel shares a simple technical analysis on Bitcoin price movement, highlighting the present major support and resistance levels. According to the analyst, Bitcoin’s most recent price gain shows the asset is retesting a critical resistance around the $106,500 price region. Notably, this resistance band has proved effective in inducing price rejections in December and January. If Bitcoin bulls can command sufficient market demand to subdue this price barrier, Crypto Patel projects the premier cryptocurrency will sustain its current uptrend with an initial price target set at $120,000. On the other hand, another price rejection could harm current investors’ expectations, as such negative development would force prices below the crucial $90,000 support zone to trade as low as the current market bottom at $75,000. This projected correction hints at a potential 27.1% decline from the present market price despite currently robust bullish sentiments. Interestingly, the Relative Strength Index (RSI) shows that Bitcoin has recently dipped from the overbought territory, thus supporting predictions of an impending price correction. However, macroeconomic developments such as the 90-day tariff truce between the US and China, and strong levels of institutional investment, boost the potential of a bullish trend continuation. Related Reading: Ethereum Headed For Crucial Encounter At $4,000 – Here’s Why Bitcoin Price Prediction At press time, Bitcoin is valued at $103,355 following a 1.62% decline in the last week. However, the asset’s monthly performance reflects a 21.46% gain, signalling most new market entrants are still in profit. According to the prediction site, CoinCodex, investors are showing a high level of greed as indicated by the Fear & Greed Index at 74. Coincodex analysts are predicting Bitcoin to reach $127,872 in the next five days, followed by a price correction that will return prices to around $111,616. For long-term investment, the analyst projects Bitcoin to hit a valuation of $155,583 in three months and $148,167 in six months. Featured image from Pexels, chart from Tradingview

After a powerful rally earlier this month, Bitcoin’s price action has stalled just above $103,000 and has been caught in a tight consolidation range for over the past week. The daily chart shows consistent resistance just above $107,000, with the latest candles forming in a compressed horizontal band, indicating indecision and low momentum. Related Reading: ‘Judgment Day Is Coming’—XRP Set To Explode, Analyst Warns This price behavior could be seen as a pause before the next leg higher. However, it could also be a trap that could cause a reversal towards $98,000. Daily Close Above $107K A Clear Breakout Signal Bitcoin’s current consolidation around the $103,000 price level has dragged on for over a week, and an eventual breakout could happen into any direction. In a recent post on social media platform X, crypto analyst Ali Martinez noted the importance of a daily close above $107,000 for a bullish Bitcoin.  His chart illustrates that price has approached this threshold multiple times since December 2024 but failed to sustain a close on the daily timeframe. This, in turn, has led to the formation of a horizontal barrier just beneath $108,000. Notably, even Bitcoin’s all-time high of $108,786 on January 20 failed to close above the $107,000 price level on that day. According to Martinez, a confirmed close above this level could open the door for further upside movement toward new all-time highs. However, until this threshold is decisively cleared, Martinez warns that traders should be cautious and avoid forcing positions. Image From X: @ali_charts Potential Bitcoin Trap Setup And Liquidity Sweep To $98K A separate technical breakdown by crypto analyst TehThomas, published on TradingView, presents a far more cautious outlook for Bitcoin. Similarly, the analyst noted that Bitcoin has spent more than eight days locked in a narrow range between roughly $100,000 and $105,800. According to his liquidity-based framework, this range is likely being used as a trap to invite both long and short traders into premature breakout trades. His 4-hour candlestick timeframe chart shows a clear consolidation block, with price failing to escape either end, and liquidity pooling above $105,800 as well as under $100,000. TehThomas believes the equal highs near $105,800 are acting as bait for breakout longs. He expects Bitcoin to briefly sweep these highs, only to cause a fast and decisive move downwards into the lower demand zone between $98,000 and $97,500. This zone, marked as a large unmitigated fair value gap and golden pocket level on his chart, is where he expects the price to react next, once the liquidity on both sides is taken. Image From TradingView: TehThomas However, this short setup towards $98,000 would be invalidated if the Bitcoin price manages to hold above $105,800 and shows a continued strong volume and follow-through. Related Reading: Trump Token Mania: Over 6,000% Pump Or Classic Solana Trap? At the time of writing, Bitcoin was trading at $103,914, down by 0.06% in the past 24 hours. Featured image from Unsplash, chart from TradingView

Bitcoin prices have registered impressive gains in recent weeks amidst an ongoing price rebound. Since dipping below the $75,000 mark in mid-April, the asset’s price has jumped by over 37.5% to trade as high as $105,490.  While the BTC market appears to be cooling off, renowned crypto analyst Ali Martinez has tipped the premier cryptocurrency to hit a market top of $120,000 before the current bull cycle runs out. Related Reading: Golden Ratio Multiplier Called Bitcoin Top In 2021 – Here’s What It’s Saying Now CVDD Metrics Hint At $120k Peak, But Only If $90k Support Holds The Cumulative Value Days Destroyed (CVDD) is an on-chain metric that measures the total coin-days destroyed when dormant BTC moves, thus capturing the spending activity of long-term holders. Basically, a surge in CVDD indicates significant profit-taking by long-term holders, which is often an indicator of overheated market conditions. Meanwhile, reduced CVDD action marks accumulation phases.  Based on the chart presented by Martinez, prominent analytics firm CryptoQuant extrapolates Bitcoin’s current CVDD at $34,154 into multiple layers, each representing different aspects of the bull market.   Firstly, there is the Accessing Tops, i.e, the black line which extrapolates the CVDD into an upper band that the price has reached at the major tops, such as at $20,000 in 2017 and $69,000 and 2021. Presently, the Accessing Tops is around $120,000, suggesting this could be the next market peak of this bull run.  Another important layer in CryptoQuant’s extrapolation of the CVDD is the Accumulating Phase 2, the second-tier support band that has repeatedly underpinned price throughout 2025. It is presently positioned at $90,000, marking the first major support line for bulls.  With the present Bitcoin price at $103,242, Ali Martinez warns that preserving the price support at $90,000 is critical to maintaining Bitcoin’s bull structure and enabling a potential rise to $120,000. Related Reading: Ethereum Faces Resistance Against Bitcoin – ETH/BTC Bullish Structure In Question Bitcoin Price Overview At the time of writing, Bitcoin trades at $103,573, reflecting a slight market gain of 0.09% in the past day. Meanwhile, the asset’s daily trading volume is down by 17.92%, indicating a fall in market participation.  Presently, the next resistance level stands at $105,000. However, Martinez has stated that major positive developments will only follow when a price close above $107,000 is achieved. Meanwhile, bullish sentiments remain high as illustrated by another impressive performance by the Bitcoin Spot ETFs, which registered a net inflow of $1.81 billion in the past week. With a market cap of $2.04 trillion, Bitcoin continues to remain the most valuable digital asset, holding about 62.8% of the crypto market. Featured image from Pexels, chart from Tradingview

Bitcoin has broken past $100,000 after months of little movement. It now trades near $103,484 and some view that as a buying chance. Others warn that even this level could rise further. Related Reading: XRP 100x Gains Coming? The Future Is Closer Than You Think—Analyst According to Lawrence Lepard of Equity Management Associates, there is a big difference ahead for people based on their Bitcoin ownership. One person might look back with regret for not buying at today’s levels. Another could be praised for saving up to buy a full coin. He pointed out that holding $0.1 coin will feel huge if prices climb. Lawrence Lepard: This Is A Once In A Lifetime Buying Opportunity #bitcoinpic.twitter.com/uc4cPPMqMy — Altcoin Daily (@AltcoinDailyio) May 17, 2025 Whole Coin Versus Fractional Holds Based on comments from Bitcoin advocate Lark Davis, even owning one Bitcoin will seem “absurd” in a few years. Lepard backed that up by saying that the asset can move fast and without much warning. Some early buyers treated Bitcoin as “sound money,” and they still believe it can leap 10 times or more from here. Owning 1 Bitcoin will seem absurd in a few years! — Lark Davis (@TheCryptoLark) May 4, 2025 Price Forecasts For 2025 Several predictions back a rise to $200,000 or $300,000 this cycle. Standard Chartered projects a move to 200,000 by the end of this year. Another model from Sina’s quantile analysis pegs $285,000 as a mid‑point target. Those figures remain well above today’s levels—Bitcoin is still 93% away from $200,000 and 190% away from $300,000. Sky High Long Term Target Looking further out, Lepard thinks $10 million per coin is possible. That level would make Bitcoin worth about $210 trillion overall. He linked that vision to rising inflation and weak monetary policy in many US and global markets. Critics point out that reaching such a value means absorbing more than twice today’s broad money supply. Bitcoin has a record of sharp moves. Prices can surge dramatically one day and fall the next. That creates risk but also a chance for big gains. Investors who choose to buy now may benefit if the forecasts hold true. But timing the entry and exit remains tricky. Related Reading: Trump Token Mania: Over 6,000% Pump Or Classic Solana Trap? What Investors Might Do Some will stick with small positions like $0.1 coin. Others may aim for a full coin over time. According to trade data, more institutions have started adding Bitcoin to their holdings this year. Whether that trend continues could steer prices more than any single forecast. In the end, buying Bitcoin today carries both hope and uncertainty. For those who back its “hard money” appeal, today’s price may feel like a bargain. For everyone else, the ride ahead could be rough. Either way, the story of Bitcoin’s next moves is far from over. Featured image from Gemini Imagen, chart from TradingView

Bitcoin is still trading around the $103,000 mark, although the upward momentum it started in May has exhibited a slowdown in the past seven days. Although a short-term volatility is currently playing out, the long-term outlook is undoubtedly bullish. Related Reading: Analysis: Crypto Heats Up As $35 Billion Enters Market In Under A Month Some analysts are looking to long-term cycle indicators for direction. One such tool, the Golden Ratio Multiplier, which called the Bitcoin top in 2021, has resurfaced with another interesting top for the current Bitcoin cycle. Golden Ratio Multiplier Identified 2021 Top, Now Points To New Peak Taking to a post on social media platform X, popular crypto analyst CryptoCon highlighted the reliability of the Golden Ratio Multiplier in predicting Bitcoin’s price top in each cycle. The Golden Ratio Multiplier is a logarithmic model that incorporates Fibonacci-derived multipliers to anticipate Bitcoin’s macro trends. Notably, this metric was among the few to accurately call the April 2021 cycle top in real time, the same as the 2017 and 2013 price tops. This cycle, the model has already flagged a significant peak in March 2024, although the crypto analyst interpreted this not as the final high but as a mid-top. CryptoCon explained that Bitcoin’s price action has already hit Level 4 of the multiplier chart this cycle, but this isn’t the final peak. “We’ve already hit our cycle top level this cycle once, but this was for the cycle mid-top in March 2024, which means we’re bound to do it again,” he wrote. The Level 5 band now sits around $160,000 and continues to trend upward. Drawing a parallel to past cycles, CryptoCon noted that the structure of the current cycle shows strong similarities to the 2015 to 2017 period, when Bitcoin saw a gradual build-up followed by an explosive breakout. Based on this comparison, the current market phase is seen as equivalent to April 2017, right before Bitcoin went on a rally in the months that followed. Golden Multiplier Ratio Suggests $160k Is Next Major Target The chart accompanying CryptoCon’s post paints a familiar picture with the Golden Multiplier Ratio. Each band, ranging from Level 1 to Level 10, is based on a multiplier level derived from the 350-day moving average.  Bitcoin has topped at various levels: Level 10 in 2011, Level 9 and 8 in 2013, Level 7 in 2017, and Level 6 in 2021. The current cycle’s peak should most likely be Level 5, but the Bitcoin price is yet to get there. Related Reading: ‘Judgment Day Is Coming’—XRP Set To Explode, Analyst Warns Should the market continue to respect this structure, Bitcoin could be preparing for a rally toward the Level 5 mark of $160,000 sometime later in the year, which could mark the final high of this cycle. The current range around $103,000 may well be the calm before the final breakout. “Slower buildup, then all at once,” the analyst said. At the time of writing, Bitcoin was trading at $102,971. Featured image from Unsplash, chart from TradingView