Bitcoin (BTC) Price Prediction: BTC/USD Trading Near $109,600 After Hitting All-Time High of $112,000

Bitcoin is riding a wave of bullish momentum, trading near $109,600 after recently touching a record high of $112,000.

Bitcoin price rose on Friday, remaining above the key $109,000 level after not too long ago touching a record high above $112,000 amid improving international sentiment, rising institutional interest and regulatory optimism. A temporary dip adopted U.S. President Donald Trump’s announcement of tariffs, however markets quickly recovered.

Moreover, Asia-based DDC Enterprise began a multi-year plan to accumulate 5,000 BTC, whereas Pakistan pledged main vitality sources for Bitcoin mining and AI infrastructure.

Among altcoins, HYPE, AAVE and XMR posted triple-digit weekly gains, whereas SUI and XRP dipped from recent highs, highlighting the market’s volatility even in a bullish pattern.

Nonetheless, crypto analysts stay optimistic about Bitcoin’s long-term trajectory, projecting a potential climb toward the $120,000-$200,000 range by year-end.

Investors are urged to diversify their portfolios and stay informed of macroeconomic shifts.

What Went Down In The Crypto Market This Week

Last Monday (May 19), the overall crypto market cap stood at $3.25 trillion. BTC price stood at nearly $103,000. ETH price stood at around $2,300.

A week later, the overall market cap rose to $3.44 trillion.

Check Out Top Crypto Prices TodayHere

Over the past seven days, Bitcoin achieved a high of $111,765.70 (on May 22) and a low of $102,494.40 (May 19).

Ethereum, on the other hand, saw a high of $2,720.74 (May 23) and a low of $2,354.56 (May 19).

Biggest Crypto Events Of The Past Week

Bitcoin price on Friday moved above the key $109,600 zone after briefly touching an all-time high above $112,000, fueled by a combination of institutional demand, geopolitical shifts and growing regulatory clarity. A key trigger was U.S. President Donald Trump announcing a 90-day window for negotiating a trade deal with the European Union, which sparked optimism in global markets.

After a brief dip following Trump’s announcement of a 50% tariff on all EU imports, cryptocurrencies rebounded, with Bitcoin rising despite the U.S. administration threatening to impose tariffs on goods from France, Germany, Spain, Italy and the United Kingdom.

The world’s leading cryptocurrency dipped below the $106,000 level after briefly touching a new all-time high of $110,970. However, despite this volatility, institutional investor demand remained strong, with Bitcoin spot ETFs recording net outflows of over $211 million on Friday, logging a total weekly inflow of $2.75 billion. These inflows could help stabilize BTC above the crucial resistance zone of $110,000.

Moreover, macroeconomic data will be in focus next week, with the U.S. second-quarter GDP and jobless claims figures coming into view. Additionally, investors will keep an eye on the EU’s response to Trump’s tariffs.

Asia’s DDC Enterprise has kicked off a multi-year plan to acquire 5,000 BTC, beginning with 21 coins through a share swap deal with Bitcoin.

The move by DDC Enterprise comes after a recent report by eToro's Michel Douklevski highlighted the potential for Bitcoin to serve as a hedge against inflation and a store of value, particularly in turbulent economic times.

Institutions are increasingly turning to Bitcoin as a valuable asset, evidenced by the significant outflows from Bitcoin spot ETFs.

Earlier this week, President Donald Trump announced that the U.S. would impose a 50% tariff on all EU imports in response to France, Germany, Spain, Italy and the United Kingdom levying taxes on U.S. technology companies.

This decision came after a 10-month investigation by the U.S. Trade Representative's office found that the EU’s digital services taxes targeted U.S. companies disproportionately.

The move sparked concerns among investors, leading to a decline in U.S. equity futures on Thursday evening. However, the White House later stated that Trump had agreed with EU Commission President Jean-Claude Juncker to begin negotiations on a broader trade deal.

This announcement had a positive impact, causing U.S. stock futures to rebound from earlier losses.

In other developments, Pakistan has committed 2,000 MW of energy to support Bitcoin mining and artificial intelligence (AI) infrastructure in the country.

The move follows a statement by the country’s association of cryptocurrency exchanges, which expressed concerns over energy shortages