Bitcoin (BTC) Price Surges Past $106,000 as Market Cap Reclaims $2T

The price of Bitcoin crypto market once again with a sharp surge that took it through the $106,000 level today, May 19, 2025.

The price of Bitcoin crypto today, May 19, 2025, is back in the sharp uptrend.

This crypto token is seen to be testing the resistance level at the psychological point of $106,000.

After a period of consolidation, the price of Bitcoin (BTC) is making a comeback with strength, sparking analysts to speculate on a classic breakout signal.

This could be an indication that a long-term bullish trend is just beginning.

Amidst improving market sentiment and increasing institutional adoption, this price spike is a tipping point to watch to determine the direction of Bitcoin’s next move.

Bitcoin Price Rises 3.11% in 24 Hours

On May 19, 2025, Bitcoin surged to $106,805, or approximately IDR 1,757,062,045, notating a 3.11% gain over the past 24 hours.

Within that timeframe, BTC fluctuated between a low of IDR 1,701,782,576 and a high of IDR 1,760,088,198, highlighting strong intraday momentum and renewed investor interest.

According to CoinMarketCap data, Bitcoin’s market capitalization stands at approximately $2.11 trillion, with trading volume over the last 24 hours also increasing by 36% to reach $51.77 billion.

Also Read: Robert Kiyosaki Predicts Bitcoin (BTC) Price to Reach $250,000, Here’s His Analysis!

BTC Price Shows Classic Breakout Signals

On May 18, 2025, an analysis from Cointelegraph’s Price Markets Pro and TradingView shows that the area around $103,000 acted like a price magnet for BTC over the weekend.

At present (5/18), BTC/USD is exhibiting minimal signs of upside or downside fluctuations and is prepared for a liquidity withdrawal, with price targets at $105,000 and $103,000, as confirmed by data from monitoring site CoinGlass.

In terms of the current market structure, traders are generally optimistic, anticipating a return of BTC prices to all-time highs and a new price discovery phase.

“Bitcoin target early next week: $116,000,” popular trader Alan stated in his short-term prediction on platform X.

Next early week #Bitcoin target: $116,000 🔥$BTC is brewing within this converging triangle with decreasing volume, which is a common indicator of potential for a Breakout 🚀 pic.twitter.com/Civ9oX4PuD

The included chart highlights the lack of volatility that occurred in the BTC/USD pair over the past week.

“$BTC is currently in a narrowing triangle pattern with decreasing volume – this is a common indicator of potential for a breakout,” Alan further added.

Meanwhile, another trader named Mikybull Crypto described this market structure as the ‘breakout of an intraday diamond pattern.’

$BTC INTRADAY DIAMOND PATTERN BREAKOUT pic.twitter.com/gMGMub7nTt

“With the latest price spike, we are seeing consistent Coinbase spot premiums. This is a good sign and shows there is strong demand,” shared trader Daan Crypto Trades, noting the support from US buyers for Bitcoin’s return to the six-figure mark.

Concerns Over Unbreakable Resistance

A more conservative view anticipates a temporary decline before the upward trend continues.

Also Read: Shiba Inu (SHIB) Price Predictions for 2025, 2030, and 2035 According to Crypto Experts!

“It’s been a slow week and Bitcoin has not been able to break the resistance level so far, which makes me still think that this downside scenario might still happen,” stated trader CrypNuevo.

$BTC update:Slow week and Bitcoin hasn't been able to break resistance so far, which still makes me think that this scenario might be possibly in play.We'll discuss more about this tomorrow in the BTC Sunday update 🤝Enjoy your weekend and thanks for your support! ❤️ https://t.co/f5YwL2luHI pic.twitter.com/pRsUUvjLwI

Trader Daan Crypto Trades also added that in comparison to the stock market, Bitcoin has yet to pierce through the final resistance.

As reported by Cointelegraph’s previous coverage, a longer-term concern is the possibility of a complete retracement of the previous temporary rise, which briefly pulled BTC/USD back from a multi-month low of around $75,000 in April.

The level at around $90,000 is also a point of interest for market analysts.

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