After several weeks of moving sideways and touching important support levels, Bitcoin (BTC) has finally shown its teeth again. In the last 24 hours, the BTC chart has turned green again with a price surge of 4.7%, breaking the psychological level above $68,000 (as of May 22, 2025).
What is Driving This Rise?
Several factors that could be key triggers:
1. Positive Macroeconomic Sentiment
US inflation is reported to be starting to ease, leading the market to anticipate a loosening of monetary policy from The Fed. This gives room for risk assets like crypto to breathe a sigh of relief.
2. The Resurgence of Institutional Interest
Inflows into Bitcoin spot ETFs in the US have shown an increase after previously stagnating. Some analysts see this as an indication that institutions are starting to 'buy the dip.'
3. Strengthening On-Chain Data
According to Glassnode data, the number of wallets holding >1 BTC has risen again. This means retail accumulation is still ongoing behind the scenes of volatility.
Is This the Start of a New Uptrend?
Although this surge is quite convincing, it is still too early to conclude that the bull run has resumed. Prices still need to break through strong resistance in the $70,000 area and stay above it to confirm the trend.
However, at least this is a positive signal that the market has not lost hope.
Conclusion:
Bitcoin's return to the green zone is a breath of fresh air for long-term investors, although caution is still needed. Volatility remains a hallmark of the crypto market, so risk management and independent research are key.
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Disclaimer: This article is not financial advice. Do your own research before making investment decisions. #DYOR