Bitcoin (BTC) Shatters Records as It Breaches the $100,000 Mark, Setting a New All-Time High

This historic surge comes amid a strong monthly rally of over 25%, with BTC gaining 3% in the past 24 hours alone.

Bitcoin (BTC) price shattered records for a second time this year, breaching the $110,000 mark and setting a new all-time high (ATH) of $111,861.22, CoinMarketCap data shows.

This historic surge comes amid a strong monthly rally of over 25%, with BTC gaining 3% in the past 24 hours alone. At the time of writing, the flagship cryptocurrency is trading at $110,751.70, entering uncharted territory.

Bitcoin price is now in price discovery mode. The next key levels to watch are $116,000, $126,000, $136,000, and $148,000!

— Ali (@ali_charts) May 21, 2025

On-chain data provider Santiment noted the irony of Bitcoin's ATH arriving just six weeks after maximum market fear, largely fueled by geopolitical tariff concerns, helped push the crypto to minimum market sentiment.

The recent 90-day pause in US-China trade tensions helped ease sentiment, but the real momentum has come from institutional heavyweights.

"Institutional outflows have also been minimal, while BTC's price has tripled since December 2024. This sustained interest is evident in the minimal decrease in DeFi deposits and a slight increase in centralized exchange reserves,״ Santiment stated.

Further, short-term capital inflows (from coins held between 1 week and 1 month) are far lower than in past peaks. Profit-taking by whales and short-term holders has been minimal, unlike in March or November 2024.

However, the market remains in a non-overheated state as the funding rate shows only mild optimism among long traders.

While BTC has hit ATH, the market remains in a non-overheated state. At present, the funding rate indicates a modest level of optimism among long traders, as visualized by the positive but not excessive funding rate. This stands in contrast to the extreme levels of optimism observed during the March and November 2024 peaks. Moreover, short-term capital inflows (coins held 1 week to 1 month) are significantly lower compared to past price peaks. Additionally, there has been minimal profit-taking activity by whales and short-term holders, a stark difference from the scenarios witnessed in March or November 2024.

According to prominent crypto analyst Ali Martinez, Bitcoin is now in price discovery mode. He identified the next critical resistance levels at $116,000, $126,000, $136,000, and $148,000 — a series of psychological and technical barriers that could shape BTC's medium-term trajectory.

The RSI on the daily chart stands at 77.19, clearly in overbought territory. However, in strong bull markets, RSI can remain elevated for extended periods.

On the other hand, the Bollinger Bands (BB) indicate a sharp expansion, reflecting increased volatility. The price is hugging the upper band at $111,798.60, suggesting strong bullish pressure.

The middle band, which represents the 20-day SMA, is now at $102,702.17, providing a key support level in case of retracements.

As Bitcoin continues to set new all-time highs, BTC Bull ($BTCBULL), a meme-powered token built on Ethereum, is gathering attention with its ongoing presale.

Created to rally the crypto community behind Bitcoin's march to $250,000 and higher, $BTCBULL has significant utility and is designed to amplify the momentum and reward holders every step of the way with a massive BTC airdrop awaiting the strongest hodlers when BTC hits $250,000.

Every time Bitcoin gains another $25K in value, $BTCBULL will either burn a portion of its token supply or airdrop BTC to holders, further fueling scarcity and value for the token. The holders of the token are eligible to a 230% annual average return.

BTC Bull Presale

The BTCBull team has raised a massive $6.1 million in its ongoing presale, with over 2 days and 2 hours until the next price increase.

Ticker: BTCBULL

Token: ERC20

Chain: Ethereum

Total Supply: 420,690

Initial Presale Price: 0.04 ETH

Website: https://bull.btcbest.com/

Presale: https://presale.btcbest.com/register

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