$BTC Bitcoin has updated its local maximum.

On the morning of May 12, 2025, Bitcoin is trading above $105,000 for the first time since January 31. Given the situation, the cryptocurrency is preparing to update its absolute maximum from January 20, 2025 ($109,114).

Analyst MartyParty is confident that #BTC is moving towards $125,000. He explained his Bitcoin forecast by the results of technical analysis of the cryptocurrency chart. In his opinion, BTC is moving within the Wyckoff accumulation phase. The exit from it, according to the analyst, will bring Bitcoin to $125,000. Some representatives of the crypto industry offer more optimistic forecasts. For example, analyst Fred Krueger believes that BTC is on the verge of rising to $150,000. He is confident that Bitcoin can cover the distance of $100,000-$150,000 in the shortest possible time.