Bitcoin (BTC) worth is approaching its ATH after pushing previous the important thing $107k resistance stage over the previous 24-hours. The main crypto is now buying and selling lower than 2% beneath its document stage of $109,114, set on January 20, 2025. That milestone was reached throughout President Trump’s inauguration, marking a major peak in market optimism.
Early this April, the BTC worth fell to $74,000 due to international issues over Trump’s tariff plan for sure commerce companions. On the similar time, the administration began to ease its hardline strategy and hinted at attainable agreements, so costs have now risen steadily. This has helped ease the broader market and precipitated extra bullishness.
As Bitcoin rises, Ethereum (ETH), Solana (SOL), and XRP are additionally seeing main good points. The extent of confidence has elevated as main belongings present indicators of regular upward motion. The transfer above $107k exhibits that the bull market continues to be going sturdy, with consumers making an attempt to succeed in a brand new document. Bitcoin appears to be trending up in hopes of reaching a brand new excessive past what was seen in January.
Bitcoin Value Surpasses Key Resistance, Nears New Excessive
Based on Captain Faibik, the value of Bitcoin ended the day at its highest each day shut ever: $106,800. Breaking $106,000 meant the bullish momentum was sufficient to push the value increased. The analyst famous that Bitcoin is nearly at a brand new all-time excessive, exhibiting secure rising costs.
Moreover, Captain Faibik indicated that Bitcoin is shifting towards its midterm goal of $109,000. That means the cryptocurrency might quickly rise to new highs and maintain the market in good spirits. Issues are wanting constructive as Bitcoin strikes upwards.
$BTC Highest Each day Shut ever (106.8k) 🔥
106k Essential Resistance acquired Cleared..✅
We’re approaching new All time Excessive..📈
FYI, Bitcoin has practically Reached Our Midterm goal 109k.. 😊#Crypto #Bitcoin #BTC #BTCUSD pic.twitter.com/bMcOCQOM6R
— Captain Faibik 🐺 (@CryptoFaibik) May 21, 2025
Bitcoin Whale Boosts $135M Lengthy Place
Lookonchain data point out that one Bitcoin whale has acquired extra BTC, utilizing 40 instances leverage for such a big purchase. At current, this dealer owns 1,250 BTC value roughly $135 million.
The whale is making an unrealized revenue that’s increased than $1 million. Bitcoin’s steadily excessive provide factors to sturdy perception in its worth and many lively trades.
As $BTC rises, this whale who’s lengthy $BTC with 40x leverage is chasing the value and continues to extend his $BTC lengthy place.
The place reached 1,250 $BTC($135M), with an unrealized revenue of over $1M.https://t.co/aK2HvPVzJA pic.twitter.com/Ul419L2ikL
— Lookonchain (@lookonchain) May 21, 2025
How Excessive Can BTC Value Go In Could?
BTC worth continues to rise, at the moment buying and selling at about $107,793, with a 3% surge previously 24-hours. The market exhibits a gradual upward pattern with strong momentum above key resistance at $105,000. This bullish transfer follows a gradual enhance over latest weeks.
The RSI at 66 factors to rising power, however it’s nonetheless beneath ranges that sign an excessive amount of shopping for strain. On the similar time, the MACD marks this uptrend because the MACD line goes over the sign line and the histogram bars transfer up. Accordingly, the market seems to be shifting up and getting extra buyers occupied with shopping for belongings.
Main resistance factors to trace are discovered at $110k and $115k. Ought to the value of BTC keep sturdy, these ranges might be reached quickly. If Bitcoin can’t maintain above the $105,000 level, the latest good points might falter.
