#DinnerWithTrump Today, May 21, 2025, Bitcoin is at an interesting point regarding the $110,000 level.
Here is a summary of the situation:
* Current Price: Some sources indicate that the price of Bitcoin is close to or has even slightly surpassed $107,000. For example, one source mentions a value of $107,378.94000. Another reference is $106,488.1000.
* Possibility of $110,000: Various analyses suggest that Bitcoin is about to enter a "price discovery" phase once it sustainably exceeds $110,000. This would imply a breakout of historical highs and a possible bullish acceleration.
* General Sentiment: There is a bullish sentiment among analysts, with expectations that Bitcoin will continue its growth trend in the coming months, driven by institutional interest and improved infrastructure.
* Resistances and Supports: Key levels are identified as $106,000 (important resistance) and $90,000 (key support). A breakout above $107,000-109,700 could pave the way towards $115,000.
* Positive Factors:
* Net inflows into spot Bitcoin ETFs.
* Decrease in Bitcoin balances on exchanges.
* Accumulation by large holders (10-10,000 BTC).
* Increase in open interest in Bitcoin contracts.
* Historically, the month of May has shown positive performance for Bitcoin.
* Future Forecasts: Some analysts project that Bitcoin could reach $135,000 or even $140,000 in the next 100 days if market volatility remains low. Other longer-term forecasts (2025 and beyond) suggest significantly higher prices.
In summary, while it cannot be assured that Bitcoin will reach exactly $110,000 today, market sentiment and technical analyses suggest a strong possibility that this level will be an important short-term target, with an overall bullish outlook.