Bitcoin price moved through the six-figure threshold and set an all-time high of $111,861.22, according to CoinMarketCap data. It is now trading at $110,751.70 after a stunning 25% rally over the past month.
In the past 24 hours, Bitcoin increased by another 3%, sparking speculation that the bull cycle is far from over. With a 24-hour volatility of 2.1% and a market cap of $1.92 trillion, Bitcoin has significant liquidity and momentum. Additionally, the daily trading volume is now more than $29 billion. The recent BTC rally has propelled it into new territory.
This latest BTC price achievement marks the second all-time high recorded in 2025. The move above $110,000 has generated social media excitement and fostered bullish market sentiment.
Analysts Set Sights Above $116K for Bitcoin Price
Crypto analysts are increasingly confident that Bitcoin’s breakout is just beginning. According to market watcher Ali Martinez, BTC is now in full price discovery mode.
“The next key levels to watch are $116,000, $126,000, $136,000, and $148,000,” Martinez said. These marks represent a mix of psychological thresholds and technical resistance zones.
Martinez’s outlook is similar to that of others in the crypto industry. While the rally has been fast and steep, analysts suggest that BTC has substantial potential for further growth.
One of the more striking elements of Bitcoin’s recent surge is the speed with which investor sentiment has flipped. Just six weeks ago, the market was gripped by fear, mainly because of renewed U.S.-China trade tensions and concerns over global liquidity.
However, that mood has shifted dramatically. This follows a 90-day diplomatic pause in trade negotiations between the world’s two largest economies. The easing of macroeconomic fears has paved the way for risk-on assets like Bitcoin to surge again. And while the trade thaw provided a macro backdrop, much of the momentum has come from institutional players. Many of them are now moving their funds into crypto assets. Indeed, they are expecting an even more bullish rally in the future.
On-chain analytics firm Santiment noted the irony of Bitcoin’s rise to record highs. It came so soon after the market’s most bearish mood in months. The firm emphasized how quickly emotions in crypto can turn. This is even more visible when key catalysts like macro policy changes and institutional inflows align.
Technicals Point to More Upside
Current technical indicators support the bullish case for further gains. Bitcoin’s 14-day RSI sits at 74.89, which indicates strong upward momentum with slightly overbought conditions. Its 50-day SMA has risen to $93,134, while the 200-day SMA remains at $86,347. Both of them offer long-term support for further price action.
READ MORE: Best Crypto to Buy Now as JPMorgan Allows Crypto Purchases Through the Bank
Sentiment indicators are signaling bullishness. The Fear & Greed Index currently reads 72 (greed), which shows growing enthusiasm among investors. Bitcoin has recorded 17 green days in the past 30 days. At this rate, it has a consistent uptrend with manageable volatility of 4.91%.
While corrections may emerge along the way, analysts suggest the BTC price structure remains upward. If institutional demand continues to accelerate and macro conditions remain favorable, Bitcoin could reach more ATHs.
What Happens to Ethereum?
ETH is currently trading at $2,670.39, maintaining its position above key technical levels. Over the past 30 days, the Ethereum price has had 16 green days, indicating 53% positivity in daily closes.
According to the latest technical indicators, Ethereum’s 50-day simple moving average stands at $1,960.73. On the other hand, the 200-day SMA is at $2,495.09. Furthermore, the 14-day RSI is currently 68.76. This suggests strong upward momentum but approaching overbought territory.
Despite the overall bullish sentiment, short-term models predict a potential 4.30% correction. If this happens, Ethereum could dip to $2,505.11. Interestingly, the Fear & Greed Index remains at an anomalous 0, hinting at extreme caution or a possible technical reset in the index.
It is important to mention that the Pectra upgrade has played an essential role in the recent price increase for Ether. One contribution of the upgrade is that it will allow externally owned accounts to act as smart contracts and cover gas expenses.
Another advancement in the Pectra upgrade is the increase in data blob capacity per block, which builds upon the work in EIP-4844 (Proto-Danksharding). This leads to efficient rollups and cheaper transactions on layer 2s, increasing Ethereum’s throughput and reducing congestion. All of these play a pivotal role in scaling Ethereum for mass adoption.
The crypto market will be watching BTC and ETH moves closely. A breakout from these two could positively affect the market.
Disclaimer: This is a sponsored post provided by a third party. The views, information, and claims presented do not represent those of Bankless Times. Bankless Times has not independently verified the accuracy of this content. Readers should conduct their own research before taking any action based on this information. This post does not constitute financial advice or recommendation and should not be treated as such.
Top Crypto to Buy Now
Bitcoin Pepe (BPEP) is an emerging meme coin project rapidly capturing the attention of crypto investors, and it’s easy to see why. Positioned as the first meme ICO launched on the Bitcoin layer, Bitcoin Pepe isn’t just another internet joke turned token. It’s pioneering a new standard called PEP-20, aimed at broader utility and scalability on the Bitcoin blockchain, similar to what ERC-20 did for Ethereum.
At its core, Bitcoin Pepe’s ecosystem is engineered to deliver the high-speed transaction capabilities commonly associated with networks like Solana, while leveraging Bitcoin’s reputation as sound money. The team behind BPEP envisions a decentralized environment where meme tokens aren’t just speculative assets but play active roles in decentralized finance (DeFi), NFTs, and gaming.
The platform currently has more than 10 partnerships. Some of these include BETV for NFT content and CATAMOTO for fair launches. A partnership with GETE allows cross-chain games and Crypto Hunters for AR and AI experiences. Plena Finance provides support to its dApps and smart contracts, establishing a meme-centric decentralized exchange and NFT market.
Staking rewards are now sold out. The presale will end shortly, on May 31, 2025, placing Bitcoin Pepe as an emerging project picking up traction. As it prepares for its CEX listing, BPEP and its partnerships reinforce its mission to bring a Solana-style meme economy to the Bitcoin network.
