Why is Bitcoin price going up today? Let's check the newest BTC price prediction
Bitcoin’s (BTC) rise above $105,000 on May 20, 2025, has reignited curiosity about its potential ceiling and the forces propelling its current rally. As investors and analysts speculate on how high Bitcoin can climb, today’s surge, fueled by institutional inflows, bullish technical patterns, and macroeconomic tailwinds, offers clues to its trajectory.
Drawing from expert insights, on-chain data, and market trends, this article explores why Bitcoin is soaring today and what price levels it might reach in the near and long term.
From a technical analysis perspective, two things seem important: a bullish pin bar on the BTC daily chart and a potential golden cross.
How High Can Bitcoin Go, and Why Is BTC Price Up Today? Bullish Technical Analysis Predictions
Tuesday, 20/05/2025 | 18:10 GMT+5 by Damian Chmiel
Bitcoin’s 3% surge to $106,851 on May 20, 2025, is fueled by $6.9 billion in ETF inflows, corporate buying, and a bullish patterns.
Record futures open interest, and macroeconomic tailwinds drive Bitcoin’s rally, with projections of $150,000–$180,000 by year-end 2025.
Despite bullish signals, Bitcoin faces volatility risks, with potential corrections to $91,000–$98,500 before a sustainable breakout.$BTC
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