$BTC $120.000🚀🚀🚀
As of May 22, 2025, Bitcoin ($BTC ) has reached a new all-time high of $111,800. Crypto analyst Tony Severino predicts that this rally could continue, potentially pushing BTC's price to between $116,000 and $120,000, following a breakout from the $106,000 range. He emphasizes that such breakouts, especially when supported by a Relative Strength Index (RSI) above 70 on a 3-day timeframe, often lead to sustainable short-term upward trends.
Severino also notes that Bitcoin's quarterly chart has triggered a perfected TD9 Sell Setup, a pattern previously seen in Q4 2017, which preceded a significant price surge. If history repeats itself, he anticipates a rapid and substantial move upward. Additionally, analyst Titan of Crypto suggests that a 'golden cross'—where the 50-day moving average crosses above the 200-day moving average—is imminent, potentially signaling further bullish momentum.
At the time of writing, Bitcoin is trading around $111,300, reflecting a 3% increase over the past 24 hours.