Bitcoin Just Hit New ATH Nearing $110K: How High Can It Go?

Bitcoin simply smashed by a brand new all-time excessive, or ATH, touching $109,400 only a few minutes in the past, with some trades nearing $110,000. This pump, pushed by a potent mixture of macroeconomic, institutional loves, and market momentum, indicators one other bullish breakout quickly.

If Bitcoin breaks $100K, you possibly can guess it is going to hit $1 million – John McAfee

The crypto market is screaming optimism as

.cwp-coin-chart svg path {
stroke-width: 0.65 !vital;
}

Value









Quantity in 24h

<!–
?
–>


Value 7d

reached its newest milestone. Easing US-China commerce tensions have slashed geopolitical dangers, making Bitcoin a chief safe-haven asset. The financial backdrop forces a risk-on sentiment, coupled with softer US inflation and a rebounding inventory market.

Bitcoin’s 16% month-to-month acquire and 46% rally from April’s low present its power. Technicals and sentiment additionally align for one more leg up on the upside. However how excessive can it climb?

–

Value

Market Cap

–

–

–

24h
7d
30d
1y
All Time

Log

DISCOVER: Subsequent 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x

Bitcoin Is The Driver, The Freeway

Technically, Bitcoin’s chart could be very bullish. The breakout above $109,000 has cleared key resistance ranges, with the 50-day shifting common trending firmly upward and sustained momentum. And its Worry and Greed Index, though at greed, hasn’t hit its high greed but.

The Relative Power Index (RSI) hovers close to 70, indicating sturdy shopping for stress with out overbought situations. Quantity spikes on exchanges additional affirm demand, supporting the rally’s endurance. Now, analysts are eyeing $120,000 as the following psychological goal.

(BTCRSI)

Easing commerce tensions is a significant catalyst. With US-China relations stabilizing, buyers are flocking to Bitcoin as a hedge in opposition to uncertainties. This geopolitical calm has drawn cash to Bitcoin, identical to gold (will come again to this later), however with increased development potential.

WOW! Shares surge after US China commerce deal!

MAGA pic.twitter.com/gqeoUrFxp3

— GP Q (@argosaki) Might 13, 2025

Financial situations are equally supportive. Softer US inflation information has eased fears of aggressive fee hikes, making a fertile floor for danger belongings. The inventory market’s restoration, up 12% this month, has spilled over into crypto, with Bitcoin because the chief.

Bitcoin ETFs noticed $3.6 billion in internet inflows this month, too, reflecting Wall Road’s rising urge for food. Excessive-profile purchases, like these from Michael Saylor’s Technique and Twenty One Capital, have sparked the rally. Company stability sheets with Bitcoin in them present a long-term bullish sign, pushing its value towards uncharted territory.

DISCOVER: The 12+ Hottest Crypto Presales to Purchase Proper Now

How Excessive Can This Go? One other Bitcoin ATH Coming This Yr

Market dynamics are the ultimate piece. Elevated liquidity, coupled with decrease promoting stress, has created an ideal storm for value appreciation. Alternate inflows present minimal sell-side exercise, whereas on-chain information reveals holders accumulating.

Social media sentiment is similar, with merchants celebrating Bitcoin’s 46% surge from April’s low. Some daring projections even recommend $500,000 by 2029. A pipe dream? Perhaps not, particularly after some scientists are capable of develop gold of their labs.

We noticed what occurred to diamonds earlier than. The worth of an actual diamond stops rising as soon as the lab-created ones are mass-produced, one thing that would additionally occur to gold. That is what makes Bitcoin the one various as a retailer of worth.

Scientists at CERN efficiently remodeled lead into gold for a split-second utilizing the Massive Hadron Collider.

Comply with: @AFpost pic.twitter.com/bqs868FWP9

— AF Put up (@AFpost) Might 16, 2025

For now, Bitcoin’s path to $110,000 and past appears promising. With commerce tensions easing, economies stabilizing, establishments piling in, and laws turning favorable, Bitcoin’s momentum is simple.

Whereas $120,000 is the instant goal, the long-term ceiling can stretch far increased. Six figures is now not a distant dream, as adoption and shortage drive the BTC worth skyward.

DISCOVER: Greatest Meme Coin ICOs to Spend money on  In the present day

Be a part of The 99Bitcoins Information Discord Right here For The Newest Market Updates

The publish Bitcoin Simply Hit New ATH Nearing $110K: How Excessive Can It Go? appeared first on 99Bitcoins.

Source link