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Bitcoin has gained 14 % since May 5, and broke 108,000 dollars for the first time since January.
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The targets of $ 140,000 to $ 200,000 are increasingly discussed for 2025.
The price of Bitcoin (BTC) has increased by more than 14 % since May 5, and gathered to $ 107,000 on May 21.
Data from Cointelegraph Markets Pro and Tradingvief He explains that the price of Bitcoin increased by 3.6 % to the highest level in four months of 108,000 dollars on May 21, from a decrease in 104200 dollars the day before.
The last time the BTC/USD was traded at the top of this level on January 20, when President Donald Trump’s inauguration feed the BTC’s rise to $ 109,350 ever.
The rise in Bitcoin prices coincides with a gathering throughout the market, as the global market value of the market has increased exceeding $ 3.36 trillion for the first time since February 3.
She left the market participating in the market asking about the high bitcoin prices before a significant correction.
Bitcoin price in an inches to its highest levels
Bitcoin’s recovery has caused the latest optimism between market analysts and merchants, who expect BTC to explode towards its highest levels ever.
Bitcoin will go to the highest level ever, He said The famous analyst alphabtc in the May 21 publication on X.
The accompanying graph showed that the trading of Bitcoin prices within a parallel parallel channel extended since it started recovery on April 9.
As of May 21, the BTC price was trading by 2.5 % less than its highest level ever for more than 109,000 dollars, which is the following main resistance. If this barrier is broken, Alphabtc expects $ 115,000 as a possible goal.
“It seems imperative that $ BTC ATH will come out soon, these sect and pop (pressure) prices are driven by larger players who have their goals and know what is necessary to use the bears that shorten all pop music to move the price up.”
“Bitcoin will go to the highest level ever than I expected,” He said Founder of MN Capital Michael Van De Poppe in a publication on May 20 on X.
According to Van de Bobby, the BTC price may rise to $ 200,000 “because more and more people are made with the constant value of the dollar.”
Fellow of the analyst Akap He said The price was entering the “largest bull round ever”, as it is expected to top $ 215,000 on the basis of the half -cycle in Bitcoin for a period of four years.
Meanwhile, the network economist Timothy Peterson used statistical analysis to take a trip to at least $ 115,000 by the end of June, determining the highest possible level less than $ 130,000.
Related to: Bitcoin ‘Blow-FF TOP’ was set at $ 128,000 with higher higher levels ever on the horizon
The lower pattern around BTC targets 140,000 dollars
From a technical perspective, the Bitcoin price formed a planned style below on the daily chart (see below). The bulls are now focusing on paying the price over the neckline for the prevailing graph style at $ 106,000.
The closure of the daily candlestick at this level will confirm an upward outbreak of the lower lower formation, which leads to the discovery of BTC in discovering prices while setting the technical goal of $ 140,956, or an increase of 37 % over the current level.
The relative strength index, or RSI, is 69 years old, indicating that there is still room for operation, especially with the imminent golden cross.
As Cointelegraph mentioned, moving to the highest new levels ever exceeding $ 110,000 is possible by the end of this week, supported by BTC accumulation in all pregnant groups.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
