Bitcoin has first surpassed the iconic threshold of $109,000 this Wednesday, setting a new all-time high. A few hours later, it broke this ceiling by reaching $110,700, an unprecedented peak. This surge can be explained by several key factors:
The significant interest in Bitcoin ETFs, a driving force behind institutional adoption, is fueled by the strong ETF frenzy stimulating buying activity;
The buying wave pushes cryptocurrencies to new heights;
Moderate inflation encourages investors to seek high-potential profit assets;
High trading volume and reinforced dominance in the cryptocurrency market;
Liquidation activity mainly leans towards long positions, a sign of strong confidence.
These combined factors create the perfect storm for bitcoin today.
Geopolitical Context and Institutional Support for Bitcoin
This record cannot be understood without mentioning the peaceful geopolitical atmosphere. Indeed, the temporary trade agreement between the United States and China, which reduced tariffs, has eased global tensions and restored investor confidence. This stability has transformed bitcoin, once seen as a safe haven, into a mature risk asset equivalent to the most promising tech stocks.
At the same time, institutional interest continues to rise. Players like Strategy, through representatives, as well as investment funds through Bitcoin ETFs, diversify their exposure levels. The fluctuating popularity of these financial vehicles only adds to the momentum of a market that is becoming richer and more complex.
Short-Term Forecast: What will the BTC price be this Sunday, May 25?
As of Thursday, May 22, bitcoin continues its crazy upward trend. Analysts, excited by this trend, predict continued progress in the coming days. If this upward momentum continues, Bitcoin could easily surpass $112,000 to $115,000 this Sunday. With strong support around $106,000, this trajectory aligns with a favorable technical framework.
The year-end target remains ambitious, reaching $130,000 for bitcoin. This spectacular rise fuels both excitement and caution: every investor is monitoring signals that will confirm or temper this increase.
Bitcoin seems more ready than ever to redefine its role in the global financial system. This $110,000 record represents a new era, where financial innovation and collective confidence merge to write the future of cryptocurrency. However, does this surge signal the long-awaited return of Altseason, or is it merely a phase focused solely on BTC?
