Source: Cointelegraph.com NewsKey takeaways: <\/p>\n
Bitcoin\u2019s $109,458 all-time high aligns with seven consecutive green weekly candles since April, highlighting the strength of the current bullish momentum.
\nAnalysts expect BTC to reach between $135,000 to $320,000 in 2025.
\nBTC heatmaps show high-leverage zones that may trigger liquidations. Thus, risk management remains crucial.<\/p>\n
Bitcoin (BTC) hit a new all-time high of $109,458 on Binance on May 21, marking seven consecutive green weekly candles in a row since the price bounced from its swing low of $74,500.\u00a0 Source: Cointelegraph.com NewsKey takeaways: Bitcoin\u2019s $109,458 all-time high aligns with seven consecutive green weekly candles since April, highlighting the strength of the current bullish momentum. Analysts expect BTC to reach… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129738"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129738"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129738\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129738"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBitcoin 1-week chart. Source: Cointelegraph\/TradingViewIf Bitcoin closes the current weekly candle above $106,500 on May 25, it will mark its longest streak of consecutive green weekly closes since October 2023.
\nAlongside a new all-time high, Bitcoin\u2019s market cap and realized cap also achieved new highs of $2.17 trillion and $911.5 billion, as noted by Glassnode.
\nRelated: Is Bitcoin price close to a cycle top? \u2014 5 indicators that help traders decide
\nBitcoin bulls target higher prices above $110K
\nWith bullish momentum on BTC\u2019s side, crypto trader Titan of Crypto noted that a Bitcoin price target for $135,000 remains in \u201cplay\u201d for 2025. Tracking its returns with respect to key high time frame resistance and support levels over the past two years, the forecast uses the Fibonacci extension tool, which identifies price targets by measuring previous price swings.\u00a0
\nBitcoin analysis by Titan of Crypto. Source: X.comOn the chart, the 1.618 Fibonacci level, drawn to a swing high from a swing low, aligns at $135,000\u2013$140,000, identifying a potential target.
\nVeteran trader Peter Brandt acknowledged BTC\u2019s new high but pointed out that such milestones are \u201cnot technically significant\u201d during bull markets. The trader said,\u00a0
\n\u201cBull markets make ATHs all the time. It is the definition of a bull market. On track maybe for top of $125,000 to $150,000 by end of August????\u201d
\nIn comparison, technical analyst Gert van Lagen set a much higher price level between $300,000 and $320,000. In a recent X post, Gert van Lagen pointed to Bitcoin\u2019s breakout from a 4-year bullish Megaphone Pattern, marked by diverging trendlines with higher highs and lower lows, signaling a potential sharp uptrend after breaking the upper resistance.
\nBitcoin\u2019s megaphone pattern. Source: X.comUsing Elliott Wave Theory, the analyst noted that BTC is in the final Wave 5 of an impulse cycle, supporting the bullish case for another 170% to 190% Bitcoin rally.
\nWhile the markets edge toward euphoria, Alphractal CEO Jo\u00e3o Wedson recommended caution and patience for investors. The analyst noted that BTC heatmaps reveal price movement toward high-leverage zones, suggesting market makers may target overconfident traders for liquidations.\u00a0
\nWedson emphasized that public obsession over new all-time highs could create traps for both bulls and bears. Thus, it is imperative to \u201calways manage your risk.\u201d\u00a0
\nRelated: Bitcoin enters \u2018acceleration phase\u2019 resembling BTC price gains seen after Trump election victory
\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"