Bitcoin (BTC) price climbs 0.7% to trade at $103,500 as US Vice President JD Vance to speak at Bitcoin 2025

This comes after it was announced that US Vice President JD Vance will be the headline speaker at the Bitcoin 2025 conference in Las Vegas on May 28.

The Bitcoin price has climbed 0.7% in the last 24 hours to trade at $103,500 as of 11 p.m. EST on a 16% plunge in trading volume to $56 billion.

This comes after it was announced that US Vice President JD Vance will be the headline speaker at the Bitcoin 2025 conference in Las Vegas on May 28. The conference’s organizers said it was the first time a sitting vice president will speak at a crypto event that endorses Bitcoin.

Vance’s appearance follows President Donald Trump’s address at Bitcoin 2024, while he was campaigning for the presidency, and underscores growing political interest in digital assets.

Vance has previously opposed regulatory overreach and supported crypto innovation during his tenure as a US senator. Public records show he has between $250,000 and $500,000 in Bitcoin exposure.

His upcoming speech is expected to focus on financial sovereignty, technological innovation, and Bitcoin’s evolving role in America’s economic future.

Bitcoin Price Targets New Highs After Breakout Signals Potential Bullish Rally

The BTC/USDT pair has broken out strongly, sparking fresh optimism for a continued bullish run. The price is currently at $103,500, showing a slight gain today.

This recent rise comes after a sharp recovery from the $80,000 area, where Bitcoin formed a double-bottom pattern, often a clear sign of a market reversal.

The chart shows a rounding bottom shape, which usually leads to strong upward movement in trending markets. The rally gained more strength once Bitcoin moved above the key $90,000 resistance level. This level, which had been blocking price growth before, has now turned into solid support.

Breaking above the $100,000 mark, a key psychological level, signals another major bullish step as the price is now above the final major resistance that had been holding it back. Technically, a market structure shift (MSS) has occurred, confirming a change from a bearish to a bullish trend.

BTCUSDT Analysis Source: Tradingview

Momentum Builds As Bitcoin Eyes $120K – RSI Signals Pullback

Bitcoin has also created two Fair Value Gaps (FVGs) between $88,000 and $95,000, which could act as support if the price pulls back in the short term.

The Relative Strength Index (RSI) is currently at 74.76, indicating that Bitcoin is overbought. While this may signal a short break or slowdown in price movement, it also shows strong bullish momentum, something often seen during the early stages of a rally.

Market sentiment has turned positive, with both retail and institutional investors showing renewed interest after the breakout above key resistance.

If the current momentum continues, Bitcoin may be heading toward a retest of its previous all-time high, with $120k marked as the next target on the chart.

Still, traders should stay alert for short-term corrections, especially with the RSI in overbought territory and the unfilled price gaps below. A dip could find support between $92,000 and $95,000. Staying above the $100,000 level will be important for keeping the bullish trend going.

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