Bitcoin (BTC) has surged to a new all-time high, reaching $109,458 on May 21, 2025, marking a significant milestone in its price trajectory.

Key Highlights

  • Record-Breaking Surge: BTC's price ascended to $109,458, surpassing its previous high and indicating strong bullish momentum.

  • Technical Breakout: The price movement confirms a breakout above the $105,000 resistance level, suggesting the potential for further gains.

  • Potential Targets: Analysts point to the 1.61 Fibonacci extension level at $130,810 as the next significant resistance, indicating room for continued upward movement.

Technical Analysis

  • Weekly Time Frame: BTC achieved its highest-ever weekly close, reinforcing the bullish trend.

  • Indicators to Watch:

    • RSI: The Relative Strength Index shows a bearish divergence since March 2024, warranting caution.

    • MACD: The Moving Average Convergence Divergence indicator lacks clear bullish signals, suggesting the need for careful monitoring.

Future Outlook

While Bitcoin's current trajectory is bullish, the presence of bearish divergences in key indicators suggests the possibility of a correction. However, the lack of significant overhead resistance could allow for continued upward movement, potentially reaching the $130,810 level.

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📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.