Bitcoin (BTC) prices surged above $110,000 on Thursday, setting a new all-time high of $109,588 above its January peak. This is the second mark in 2025 when Bitcoin broke previous records, further strengthening the ongoing bullish trend.
The rally shows the relative strength of BTC in a changing macro environment despite the US stock market falling on Wednesday. Bitcoin has earned more than 50% since winning its local low below $75,000 on April 7th, indicating a strong right to buy.
According to the latest market data, Bitcoin’s total market capitalization is currently at $3.49 trillion. Daily trading volume rose 58% to $200.333 billion, while Bitcoin’s advantage rose to 63%.
This upward movement has energized the broader crypto market and pushed other major altcoins, such as Ethereum, XRP and Solana. BTC is now well above previous record highs after a strong breakout earlier this week.
Bitcoin prices are targeted at new milestone levels
Cryptocurrency analyst Ali tweeted it Bitcoin It surpassed previous records and marked an entry into price discovery. After a $109,000 resistance breakout, cryptocurrency achieves a higher target.
According to a tweet shared on May 21, Bitcoin’s trajectory since April includes lower points gains and often price increases. After jumping from $75,000, the market is focusing on several key regions in the future.
The next resistance zone ants can be found for $116,000, $126,000, $136,000 and $148,000. These numbers are forecasts of key support and resistance levels using existing price trends in Bitcoin. Daily charts reflect strong price movements thanks to increased volume and buyer influence.
#bitcoin $btc is trading at a new all-time high and is now in price discovery. The next important levels to watch are $116,000, $126,000, $136,000, and $148,000. pic.twitter.com/yh3shj5x59
– Ali (@Ali_Charts) May 21, 2025
As exchange reserves go low, bitcoin hits ATH
Bitcoin has hit a high of $111,700 and is experiencing new growth opportunities. At the same time, the amount of Bitcoin exchanges fell to a new low.
As Exchange Reserves continue to decline, this suggests a more severe supply trend, and analysts believe prices could accelerate. According to Coinglass, demand is increasing as Bitcoin supply decreases, increasing the likelihood of a supply shock.
Source: x
Will Bitcoin price reach $120,000 by the end of May?
Bitcoin prices have been integrated beyond resistance levels after reaching sessions early today. BTC trades within rising channels over a four-hour time frame, maintaining higher and lower prices. At the time of writing, the BTC price is trading at $110,845, 4% over the past 24 hours.
RSI is currently reading 72 and is moving indexes to the area where it was bought. The MACD indicator fits the market’s positive outlook. The MACD is above the signal line and the histogram bar is larger.
Source: TradingView
Bitcoin Price It reached $112,000 at the adjusted resistance point after a recent price test. Any gains above this point could move upwards towards the next zone at $115,000 and $116,000. As purchase pressure continues, the overall goal is $120,000 and there is a top line on the chart.
Market negative side support is found for $110,000. If you fall below this point, your BTC could drop to $105,000.
