📈 Bitcoin on the brink of a new ATH: What's next for BTC? 🚀
Today, May 21, 2025, Bitcoin is trading around $108,758 USD, approaching its all-time high of $109,114.88 reached in January. This momentum is attributed to strong institutional inflows and an active futures market, indicating growing investor confidence.
🔍 Key factors to consider:
• Strong technical support: The realized price of BTC is $93,266, suggesting that many investors are in profit, reinforcing market confidence.
• Institutional flows: Consistent inflows into Bitcoin ETFs and accumulation in cold wallets indicate sustained demand.
• Favorable macroeconomic environment: Expectations of rate cuts by central banks like the ECB could further boost risk assets like Bitcoin.
📊 Short-term prediction:
If BTC surpasses and holds above $109,000 USD, we could see a push towards $115,000 – $120,000 USD in the coming weeks. However, a correction towards the $100,000 USD support is not ruled out if it faces significant resistance.
💬 What do you think? Are we on the verge of a new all-time high or is it a time for caution?
