Bitcoin has repeatedly surpassed 106,000, will it break a new high of 110,000 this month?

As we enter May 2025, Bitcoin has repeatedly crossed the 106,000 USD mark. This is not a coincidence, but an inevitable result driven by multiple forces. Technical patterns, capital flows, and market sentiment are brewing a historic breakthrough: 110,000 USD may be just around the corner this month.

Institutional capital continues to increase, with spot ETFs becoming crucial.

First and foremost, it is worth noting that the inflow of capital into Bitcoin spot ETFs is reaching historic highs. By mid-May, the overall net capital inflow has surpassed 42 billion USD. Wall Street's attitude towards Bitcoin has shifted from early skepticism to current allocation, indicating that mainstream finance has incorporated BTC into its asset portfolio. Capital is the fuel for prices, and ETFs act as accelerators of that fuel.

Favorable macro background, safe-haven attributes emerge.

The increase in global economic uncertainty, the downgrade of the US credit rating, and the repeated tremors on the edge of a debt crisis have led traditional safe-haven assets like gold to reach new highs. Meanwhile, the performance of digital gold, Bitcoin, is even stronger, showcasing its new identity as a 'financial refuge.' With expectations for interest rate cuts by the Federal Reserve rising, liquidity is returning, coinciding perfectly with Bitcoin's upward trend.

Clear technical structure, 110,000 is within reach.

From a technical perspective, after a pullback to 90,000 in late March, Bitcoin has undergone two months of box-shaped oscillation repair and successfully broke through the upper edge of 105,000 this month. The repeated testing around 106,000 is a typical phase of chip absorption. Once a volume breakout occurs at 110,000, it will signify a break of the historical high, opening up new upward space, potentially targeting 120,000.

Conclusion: Don't just 'watch,' the real bull market waits for no one.

The current Bitcoin market is neither a re-emergence of a bubble nor a house of cards. It is a reassessment of value under a new paradigm shift in currency, and a key link in the global wealth redistribution trend. If you are still hesitating, you need to understand: the next time you see Bitcoin, will it have already surpassed 120,000?

This round of increase may just be the beginning.

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