Bitcoin has just broken through a new maximum of all time, or ATH, touching $ 109,400 just a few minutes ago, with some exchanges that approached $ 110,000. This pump, led by a powerful mix of macroeconomic, institutional loves and market impetus, soon reports another bullish breakout.
If Bitcoin breaks $ 100k, you can bet that it will reach $ 1 million – John McAfee
The cryptocurrency market is screaming optimism such as .CWP-Coin-Coin Svg Path {Width of stroke: 0.65! IMPORTANT; }
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has reached its last milestone. Alleviating the US-China commercial tensions have reduced geopolitical risks, making Bitcoin a privileged resource with a secure fresh. The economic background forces a feeling at risk, combined with the softer American inflation and a rebound stock market.
The monthly earnings of 16% of Bitcoin and 46% of rally from the lower April show show its strength. Techniques and feeling also align for another leg on the positive side. But how much can climb up?
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Bitcoin is the driver, the highway
Technically, Bitcoin’s graph is very confident. The breakout above $ 109,000 has eliminated the key resistance levels, with the average of the mobile average at 50 days firmly upwards and supported momentum. And his index of fear and greed, although with greed, has not yet struck his true greed.
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The relative resistance index (RSI) is around 70, indicating a strong purchase pressure without overloading conditions. The volume peaks on exchanges further confirm the demand, supporting the resistance power of the event. Now, analysts are observing $ 120,000 as the next psychological objective.
(Btcursi)
Easicting commercial tensions is a large catalyst. With the stabilization of US-China relationships, investors are working on Bitcoin as a coverage against uncertainties. This geopolitical calm has attracted money on Bitcoin, just like gold (it will return to this later), but with a higher growth potential.
OH! Actions increase after the US commercial agreement in China!
Sorceress
pic.twitter.com/gqoeurfxp3
– GP Q (@argosaki) 13 May 2025
The economic conditions are equally favorable. The softest US inflation data has relieved fears of aggressive rates increases, creating fertile ground for risk activities. The resumption of the stock market, up 12% this month, spread in cryptocurrency, with Bitcoin as a leader.
Bitcoin Etfs saw 3.6 billion dollars of net affluent also this month, reflecting the growing appetite of Wall Street. High profile purchases, such as those of Michael Saylor’s strategy and twenty capitals, triggered the event. The company sheets with Bitcoin in them show a long -term bullish signal, pushing its price towards an unexplored territory.
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How much can it go up? Another bitcoin ATH on the way this year
Market dynamics are the final piece. The increase in liquidity, combined with the lower sales pressure, created a perfect storm for the appreciation of prices. The exchange affluent show minimal activities on the sale side, while the chain data reveal the accumulation of owners.
The feeling of social media is the same, with the traders that celebrate 46% of Bitcoin from the minimum of April. Do some bold projections even suggest $ 500,000 by 2029. A tube dream? Maybe not, especially after some scientists have been able to cultivate gold in their workshops.
We saw what happened to the diamonds before. The price of a real diamond stops growing once those created in the laboratory are produced in serious, something that could also happen to gold. This is what makes Bitcoin the only alternative as a value shop.
CERN scientists successfully transformed gold in gold for a fraction of second using Hadron’s great collider.
Follow: @AFPost pic.twitter.com/BQS868FWP9
– AF Post (@AFPost) May 16, 2025
For now, Bitcoin’s path to $ 110,000 and beyond seems promising. With the commercial tensions loose, the economies that stabilize, the institutions accumulate and the regulations that become favorable, Bitcoin’s momentum is undeniable.
While $ 120,000 are the immediate goal, the long -term ceiling can extend much higher. Six figures are no longer a distant dream, since adoption and scarcity guide the BTC value towards the sky.
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Keyway keyway
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Bitcoin has just violated a new ATH.
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Bitcoin’s path to another ATH seems promising. With the commercial tensions loose, the economies that stabilize, the institutions accumulate and the regulations that become favorable, Bitcoin’s momentum is undeniable.
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