On Tuesday, May 20, 2025, the price of Bitcoin reached approximately $106,000, continuing its strong performance in the market. The cryptocurrency experienced a 2.82% increase over the past 24 hours, with a trading volume increase of 35% to reach $48 billion, reflecting growing interest from investors.
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This rise coincided with positive performance in the stock markets, particularly the Nasdaq index, which rose by 1.3%, contributing to the positive momentum of cryptocurrencies.
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From a technical perspective, Bitcoin surpassed the psychological barrier of $100,000, indicating the potential to target new resistance levels in the near future. Technical indicators such as the moving averages crossover and the increase in the number of wallets holding more than 1 Bitcoin showed signals of continued upward trend.
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Considering these factors, some analysts expect Bitcoin to continue achieving additional gains, with the possibility of exceeding the $110,000 level in the near future.
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Please note that cryptocurrency prices are volatile and can change rapidly. Therefore, it is important to follow reliable sources for the latest information.
