#BTC110KToday?

Bitcoin (BTC) has reached a significant milestone today, May 21, 2025, by hitting a new all-time high of $109,458, edging closer to the $110,000 mark.

This surge is attributed to several factors, including increased institutional investment, favorable macroeconomic conditions, and heightened market momentum. Notably, prediction markets like Polymarket indicate a 93% probability of Bitcoin reaching $110,000 by the end of May.

Technical analysis suggests that if Bitcoin breaks above $110,000, it could enter a new phase of price discovery, potentially targeting higher resistance levels.

Investors and traders are closely monitoring these developments, as the cryptocurrency market continues to exhibit significant volatility and growth potential.

For a visual representation of Bitcoin's recent price movements, refer to the chart below:

Image Source: TradingView

As always, it's essential to conduct thorough research and consider market risks before making investment decisions.