As of May 22, 2025, Bitcoin ($BTC ) is trading at approximately $110,522, marking a new all-time high. This surge is driven by increased institutional interest, including JPMorgan Chase’s announcement to allow clients to purchase Bitcoin, and significant corporate investments like MicroStrategy’s recent $765 million acquisition. 

Technical indicators show a “golden cross” pattern, where the 50-day moving average crosses above the 200-day moving average, suggesting continued upward momentum. However, analysts caution that the rising wedge pattern and declining volume could signal a potential reversal. 

Key support levels to monitor include $107,000 and $100,000, with substantial support around $92,000. Traders are advised to watch these levels for potential price retracements and entry points. 

Upcoming events, such as President Donald Trump’s crypto dinner on May 22, may introduce additional volatility and influence Bitcoin’s next major move. 

In summary, while Bitcoin’s current trajectory is bullish, investors should remain cautious and monitor key technical levels for signs of potential pullbacks.