#BTC110KToday?

Today, May 21, 2025, Bitcoin is showing strong momentum: its price has exceeded $107,000, updating the local maximum since the end of January. The current price is around $106,414, with a daily gain of over 1%.

Analysts note a sustainable upward trend. According to Binance, Bitcoin's price is expected to reach $114,979 by May 21 and $121,942 by May 22, indicating potential short-term investment returns.

Technical indicators such as RSI and MACD suggest a possible breakout above current resistance levels, despite the market being overbought. Analyst John Deaton predicts that if the $110,000 mark is surpassed, the price could quickly rise to $125,000.

The market is experiencing widespread accumulation of Bitcoin, as confirmed by Glassnode data: even holders of less than 1 BTC have begun to accumulate the asset more actively, joining larger investors.

Forecasts for the end of May are also optimistic: according to Polymarket data, there is a 38% chance that Bitcoin's price will reach $110,000 by the end of the month.

Overall, the current market situation and technical indicators suggest the continuation of the bullish trend.