As of May 21, 2025, Bitcoin (BTC) is trading around $107,218, edging closer to its all-time high of $109,224 set in January. This upward momentum is fueled by bullish technical indicators, increased institutional interest, and favorable regulatory developments. Analysts suggest that Bitcoin could surpass the $110,000 mark soon, especially if current trends continue and short positions are liquidated, potentially triggering a price surge .
Market sentiment remains optimistic, with some forecasts predicting Bitcoin reaching $120,000 in the near term and possibly $200,000 by year-end . However, these projections depend on various factors, including macroeconomic conditions and investor behavior.