Bitcoin has hit a brand-new all-time high (ATH) price of $111,272.10 on May 22, with a total market cap of $2.21 trillion and $90.04 billion in 24-hour trading volume, according to CoinMarketCap. This is the highest price ever recorded for BTC, beating its earlier ATH of $109,199 set on January 20, 2025.

Prior to this, it was obstructed in its course by a robust resistance area called the Triple Top Rejection at $109K, according to TradingView. The formation was witnessed thrice — on December 17, 2024, January 20, 2025, and also on May 21, 2025.

Each time, it could not cross over that region. But it has now broken the pattern, having a strong up move and reaching an all-time new high.

Why is Bitcoin Surging Today: What Triggers the BTC Price Rally?

Robert Kiyosaki Bitcoin Price Prediction Spikes Interest: One of the leading reasons for the sudden price surge is a one by Robert Kiyosaki, a book author of the Rich Dad Poor Dad series. He cautioned that the economy of the U.S. is crumbling, particularly following a failed bond auction where the Federal Reserve purportedly purchased $50 billion worth of bonds using what he called "phony money."

Kiyosaki feels this is evidence of hyperinflation and expects the prices of gold, silver, and the crypto king to rise exponentially. He forecasted that it could rise as high as $500,000 to $1 million as a result of these economic woes.

Bitcoin Pizza Day Enhances Market Mood: Another cause for excitement today is Bitcoin Pizza Day, which is celebrated on May 22 each year. This is to commemorate the very first actual use transaction in BTC. On May 22, 2010, Laszlo Hanyecz purchased two pizzas for 10,000 BTC — equivalent to hundreds of millions of dollars nowadays. This is a landmark in the history of cryptocurrencies and always generates publicity and attention about Bitcoin each year.

Technical Breakout Establishes Bullish Trend: It broke above the triple top resistance and went into price discovery, according to TradingView. Analyst Ali Martinez indicated that it is now targeting new levels at $116,000, $126,000, $136,000, and even $148,000.

This technical breakout has made many believe that BTC can continue the trend in the near term.

Bitcoin Price Prediction: Will BTC reach $600K?

Crypto investor Fred Krueger has recently forecast that it will increase from $150,000 to $600,000 in a span of 90 days from July 21, 2025. He believes a global financial crisis could push investors away from traditional assets like stocks and into it. Krueger expects gold to hit $10,400, the DXY to fall, and 10-year Treasury yields to climb to 9.2%, causing panic in global markets. In this chaos, BTC could be seen as a safe place to store value.

Being a crypto analyst and my BTC price prediction, I think the token will reach the $600K target somewhere in October 2025, if it maintains a bullish rally.

Conclusion

The crypto king has made history again by touching $111,272.10—its highest price ever. The confluence of Robert Kiyosaki's alert, the upbeat mood towards Bitcoin Pizza Day, and the technical breakout all drove this rally. As some analysts now talk about a $600,000 price tag in the future, caution is needed here. The cryptocurrency market is fast-paced, and prices keep changing.