Bitcoin price hit a new all-time high and data shows BTC bulls aren’t done yet
Bitcoin (BTC) reached a new all-time high of $109,458 on Binance on May 21, following seven consecutive weekly gains since a low of $74,500. A weekly close above $106,500 by May 25 would mark the longest streak of green weekly closes since October 2023. Bitcoin's market cap hit $2.17 trillion and realized cap reached $911.5 billion. Traders have set bullish price targets, with estimates for BTC reaching $135,000 by 2025 based on Fibonacci levels. Veteran trader Peter Brandt suggested a potential top of $125,000 to $150,000 by August, while analyst Gert van Lagen forecasted a much higher range of $300,000 to $320,000, citing a bullish breakout pattern. Caution was advised by Alphractal CEO João Wedson, who noted risks associated with high-leverage zones and market traps for traders.
