Azri Sami

#BTC110KToday?
Bitcoin's current price is $106,194.19, with a 0.80% increase, sitting just below $107,000 after a recent surge past $107,500. The cryptocurrency market is buzzing with anticipation as Bitcoin approaches the $110,000 milestone. Analysts predict that BTC could reach $110,000 to $115,000 by the end of May 2025, driven by strong institutional interest and favorable technical indicators.¹ ²

Some experts, like Anthony Scaramucci, foresee Bitcoin soaring to $180,000-$200,000 by the end of 2025, citing increasing global adoption and limited supply. Standard Chartered's Geoff Kendrick has also revised his forecast, predicting a stronger surge beyond $120,000 in Q2 2025, driven by institutional and corporate demand.

However, others caution that if Bitcoin fails to break above $110,000 soon, a correction towards the $100,000-$102,500 support range could occur due to profit-taking and lack of fresh retail inflows.

*Key Factors Influencing the Rally:*

- *Institutional Adoption*: Companies like Strategy (formerly MicroStrategy) continue to accumulate Bitcoin, reflecting a bullish outlook.
- *Market Sentiment*: Growing trust in digital assets as a hedge against traditional financial market volatilities.
- *Technical Indicators*: On-chain metrics suggest Bitcoin's next all-time high could surpass $110,000.

*Short-term Predictions:*

- *May 22, 2025*: $111,290 (4.13% increase)
- *May 23, 2025*: $115,592.91 (10.51% increase)
- *May 25, 2025*: $130,056 (21.69% increase)

Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly.

#CryptoCPIWatch $

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#CryptoCPIWatch $