Main takeout:
Bitcoin’s $ 109,458 All-Time HIGH matches seven consecutive green day candles since April and emphasizes the strength of the current optimistic propulsion.
Analysts expect BTC to reach $ 135,000 to $ 320,000 in 2025.
The BTC heat map shows a high leverage area that can cause liquidation. Therefore, risk management is still important.
Bitcoin (BTC) recorded a new all -time high of $ 109,458 on Binance on May 21, and has shown seven consecutive green daychophys in a row since the price popped out of $ 74,500.
If Bitcoin closes the current weekly candle to more than $ 106,500 on May 25, the longest green day closure will be over since October 2023.
Bitcoin’s market cap and realized CAP, along with the new highs, achieved a new best of $ 2.17 trillion and $ 91.5 billion, as mentioned in GlassNode.
Related: Is the bitcoin price close to the top of the cycle? -W5 indicators that will help the trader decide
Bitcoin Bulls aims for more than $ 110K price
Crypto’s Crypto Trader Titan pointed out that Bitcoin price targets for $ 135,000 in 2025 remain in “Play” in 2025 due to their optimistic propulsion to BTC. In the past two years, we will track the FIBONACCI Extension Tool to identify the pricing target by measuring the previous price swing.
On the chart, the 1.618 Fibonaki level is aligned from low swing to high swing and aligned from $ 135,000 to $ 140,000 to identify potential goals.
The veteran merchant Peter Brandt acknowledged the new height of the BTC, but this milestone pointed out that the bull market is “not technically important.” The merchant
“The bull market always creates ATHS. It is the definition of the bull market. Can it take the best of $ 125,000 to $ 150,000 by the end of August?”
In contrast, the technical analyst GERT VAN LAGEN is much higher than $ 300,000 to $ 320,000. In the recent X post, GERT VAN LAGEN pointed out the potential vivid rise after breaking the brake out of Bitcoin in a four -year optimistic megaphone pattern represented by four years of strength and low lowest trend line.
Using Elliott Wave theory, the analyst pointed out that the BTC is in the final par 5 of the impulse cycle and supports another 170% to 190% Bitcoin rally.
As the market for happiness, Alphractal CEO João Wedson recommended investors to be careful and patient. Analysts suggested that the market manufacturer can target excessive traders of liquidation by revealing the price movement of BTC HEATMAPS high.
WEDSON stressed that the public’s obsession with the new all -time high can make traps for both bull and bears. Therefore, “It is always essential to manage risks.
Related: Bitcoin enters the ‘acceleration stage’ similar to the increase in the BTC price after the Trump election victory.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.