#BTCBreaksATH **#BTCBreaksATH** celebrates that Bitcoin has surpassed its *all-time high* (ATH, for its acronym in English), reaching **$109,545** on May 21, 2025. This milestone not only marks a new record but also reflects a series of factors that have driven the market:
🔹 **Trade tensions eased**: A 90-day agreement between the U.S. and China reduced tariffs, improving macroeconomic confidence.
🔹 **Positive regulatory momentum**: The U.S. Senate is advancing pro-crypto legislation, generating institutional enthusiasm.
🔹 **High institutional demand**: Open interest in BTC derivatives reached record levels, and spot ETFs are absorbing much of the available supply.
🔹 **Bullish technical analysis**: A “cup and handle” pattern has formed on the annual chart, considered a classic bullish continuation signal.
🔹 **Bold projections**: Some analysts see targets between **$120K and $163K**, and there are even bets for **$200K or more** by the end of 2025.