Key Notes
- Bitcoin trades close to $107,800, up 24% in a month after breaking key resistance.
- Realized Cap tops $900 billion, signaling renewed investor conviction.
- Customary Chartered reinforces $500K BTC by 2029 as governments flip to oblique BTC publicity.
Bitcoin
BTC
$96 611
24h volatility:
2.1%
Market cap:
$1.92 T
Vol. 24h:
$29.09 B
has surged previous a key resistance stage of $107,000 and is at the moment buying and selling round $107,800, up by 24% over the previous month. Prior to now two days, the biggest cryptocurrency has gained over $100 million in its market cap, at the moment sitting round $2.12 billion.
In response to blockchain analytics agency Glassnode, this value surge has considerably improved investor portfolios, prompting many to de-risk or lock in income.
Glassnode explained that Bitcoin’s Realized Cap, an indicator that aggregates the associated fee foundation of the circulating provide, has reached a brand new all-time excessive above $900 billion.
#Bitcoin’s robust value efficiency as of current has considerably improved investor portfolios, prompting many to de-risk and take revenue.
This wave of contemporary capital inflows has pushed Bitcoin’s Realized Cap to a brand new all-time excessive above $900B, a significant milestone within the asset’s… pic.twitter.com/wfbU13FE4K
— glassnode (@glassnode) May 20, 2025
In the meantime, as Bitcoin flirts with a possible breakout, many brief sellers are strolling on skinny ice. Widespread analyst BitBull famous on X that as quickly as BTC reaches $108,000, $1.1 billion value of BTC shorts will likely be liquidated. LET’S LIQUIDATE THE BEARS,” he added.
🚨$1.1B OF $BTC Shorts Will Be Liquidated at 108K$BTC already hit $107K
LETS LIQUIDATE THE BEARS! pic.twitter.com/WYwrjgEm8i
— BitBull (@AkaBull_) May 21, 2025
Governments quietly growing bitcoin publicity
A current report by Customary Chartered notes that whereas US spot Bitcoin ETFs continue to carry inflows, governments and public establishments are gaining oblique publicity by shopping for MicroStrategy (now known as Technique) shares, which maintain huge quantities of Bitcoin.
The financial institution has strengthened its prediction for Bitcoin value to reach $500,000 earlier than the US president Donald Trump leaves workplace in 2029.
Within the brief time period, the financial institution’s Geoff Kendrick not too long ago revised its Bitcoin value prediction, setting a $200,000 value goal for the cryptocurrency by Q2 2025.
Btc value outlook
On the day by day BTC price chart, the RSI is at the moment at 73, indicating the cryptocurrency is getting into overbought territory—a possible sign of short-term exhaustion. Nevertheless, this stage usually suggests robust bullish tendencies, particularly throughout breakout rallies.
BTC value chart with RSI and Bollinger Bands | Supply: TradingView
The Bollinger Bands are widening, with BTC buying and selling on the higher band. The center band (20-day SMA) round $101,000 now acts as speedy help, whereas the important thing resistance stays at $108,000-$110,200.
A confirmed breakout above the resistance band may push BTC to a brand new peak.
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Bitcoin bull presale attracts crowd as btc rallies larger
As Bitcoin continues its march towards all-time highs, the meme coin Bitcoin Bull (BTCBULL) is gaining momentum with its distinctive presale program.
Apparently, the Bitcoin Bull group introduces a inventive reward mannequin: for each $25,000 rise in Bitcoin’s value between $100K and $250K, holders obtain advantages corresponding to BTC airdrops and token burns. The most effective reward of BTCBULL airdrop is scheduled for when Bitcoin touches the $250,000 mark.
What ought to you realize about btcbull presale?
Thus far, the BTCBULL group has raised over $6 million, simply shy of its $6.9 million aim.
BTCBULL Presale Particulars:
- Token Value: $0.00252
- Funds Raised: $6.06 million
- Fee Strategies: ETH, USDT
- Ticker: BTCBULL
The presale is anticipated to shut within the subsequent few hours, after which a value hike may occur. With Bitcoin’s ongoing rally, early BTCBULL supporters are hoping to make huge beneficial properties.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with knowledgeable earlier than making any selections primarily based on this content material.
A crypto journalist with over 5 years of expertise within the trade, Parth has labored with main media retailers within the crypto and finance world, gathering expertise and experience within the house after surviving bear and bull markets through the years. Parth can also be an writer of 4 self-published books.
