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Cryptocurrency News Articles

Bitcoin (BTC) Price Could Hit New All-Time High Of $113,000 This Week

May 28, 2025 at 12:00 am

The market's leading crypto, Bitcoin (BTC), has experienced a retracement below the $109,000 mark on Monday, following its recent surge to an all-time high (ATH) of $111,800 last week.

Bitcoin (BTC) Price Could Hit New All-Time High Of $113,000 This Week

The market’s leading crypto, Bitcoin (BTC), has experienced a retracement below the $109,000 mark on Monday, following its recent surge to an all-time high (ATH) of $111,800 last week.

As the cryptocurrency market reacts to these fluctuations, analysts find themselves divided on BTC’s price future trajectory. Could the recent all-time high be the peak of the 2025 bull run, or are we expecting to see even higher highs this week?

Golden Cross Could Take BTC To $113,000 This Week

Market expert Doctor Profit took to X to reaffirm his bullish stance, highlighting the recent occurrence of a “Golden Cross”—a technical indicator that has historically signaled significant price increases.

With an accuracy rate of 87.8% on higher time frames, the Golden Cross has flashed only twice in the past two years and has now reappeared. According to the expert, this rarity makes the signal even more noteworthy and deserves serious attention.

The expert elaborated that the previous instances when the Golden Cross appeared resulted in remarkable price surges: in October 2023, Bitcoin jumped from $27,000 to $73,000, presenting a 170% gain, and in October 2024, it rose from $63,000 to $109,000, marking a 73% increase.

suggesting that this trend is constraining supply and creating opportunities for further price appreciation.

In contrast, fellow analyst Cameron Fous expressed a more cautious outlook, suggesting that the current price may represent the peak of the 2025 bull run.

He referenced historical price patterns from the previous bull market, asserting that Bitcoin’s recent performance could resemble a “bull trap,” where prices see a sharp decline after reaching a peak.

Fous indicated that signs of a potential reversal could be forming, especially if Bitcoin breaks below the 50-day moving average (MA). Despite his caution, he acknowledged that Bitcoin could still rally to between $130,000 and $200,000 in the short term.

He emphasized that while the market remains bullish, top signals often precede trend reversals and cautioned that past behavior should inform present decisions, as market dynamics can shift rapidly.

When writing, the market’s largest cryptocurrency is trading at approximately $108,739, registering a slight 0.6% retrace in the 24-hour time frame. In total, BTC has retraced little over 3% from its all-time high reached last week.

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Other articles published on May 28, 2025