$BTC
Bitcoin (BTC) has recently reached a
new all-time high of $111,970 on May
22, 2025.
As of today, the current price is $108,418, marking a 24-hour decrease
of $2,430.39.
Despite the recent correction, analysts are mixed on whether the price rally is
overheated or if this is a healthy pullback.
Fundamentals suggest that Bitcoin could continue to rise, fueled by
increasing spot ETF demand and easing trade war tensions.
Glassnode data shows that all wallet cohorts are now accumulating, with
options markets pricing in potential upside beyond $200,000 in June.
Recent news highlights the volatility and mixed signals surrounding
Bitcoin's price.
Analyst CrediBULL suggests that Bitcoin is in the Wave 5 impulsive move
to the upside, which could lead to a cycle top of $150,000 by the end of the
year.
However, the threat of trade war
tensions, including a 50% tariff on EU
imports and a 25% levy on imported
Apple iPhones, caused a sharp decline
in risk assets, including Bitcoin, which
fell about 2.5% on the news.
Despite this, BlackRock’s Bitcoin ETF
saw significant inflows, indicating
strong investor interest.
The recent trade war tensions and
tariff threats could continue to impact
Bitcoin's price negatively in the short
term, as risk aversion increases and
investors seek safer assets.
However, the strong accumulation
behavior and increasing demand for
Bitcoin ETFs suggest that long-term
sentiment remains bullish.
These factors, combined with the
potential for further upside, could
support a continued rally in Bitcoin's
price, although volatility is expected to
persist.
