News and Information from the Financial Markets

Bitcoin approaches the USD 112,000 mark

Cryptocurrencies News

On Thursday 22 May 2025, Bitcoin broke through the USD 111,800 mark, marking a new all-time high, but failed to reach the USD 120,000 mark. This rise marks a significant moment in the history of cryptocurrency and adds to the unprecedented development that the pioneer of cryptocurrencies has undergone since its launch in 2009. Driven by increasing institutional demand and positive macroeconomic developments, such as the authorisation of Bitcoin ETFs in the US, Bitcoin is consolidating its position as a leading financial instrument. According to market analyst Tony Sycamore from IG, the recent rise shows that the correction in January (from over USD 109,000 to below USD 75,000) was merely a phase within an ongoing bull market.

Drivers of the current BTC Rally

The rally is being fuelled by several factors. Institutional investors, including listed companies and crypto firms that use Bitcoin as part of their corporate strategy, are fuelling demand. One example is the increasing acceptance of Bitcoin as a treasury asset, inspired by MicroStrategy's model. In addition, geopolitical developments, such as potential peace talks, and the growing popularity of Bitcoin ETFs are fuelling market sentiment. The Fear & Greed Index is currently signalling ‘greed’, indicating strong bullish momentum.

Technical analysis and price targets

Technically, a sustained breakout above USD 110,000 points to further upside potential, with price targets of USD 120,000 to USD 125,000 in the coming days, according to analysts such as Sycamore. Support zones are located at around USD 100,900 and USD 74,000, which could become relevant in the event of a possible correction. The Bollinger Bands indicate increased volatility, while the RSI suggests an overbought situation, which does not rule out short-term consolidations.

Advertisement

Where could BTC's price go from here?

The short-term development depends on stability above the USD 110,000 mark. If demand continues, new highs could be reached. However, experts warn against speculative exaggerations that could lead to corrections. In the long term, the upward trend remains intact, supported by growing acceptance and fundamental strength. Investors should keep an eye on volatility and make informed decisions.

Note: This article does not represent investment advice. Investments in cryptocurrencies are speculative and involve high risks.

Related Articles

BTC price fall

Bitcoin - The volatility strikes

Legal

Risk Warning: Trading CFDs and other leveraged financial products on margin and derivatives always involves a high degree of risk. There is a possibility of losing all or part of your invested capital. Therefore, these products may not be suitable for all investors. Please ensure that you obtain detailed information on these products and/or consult an independent financial advisor.

The website operator may be remunerated by advertisers on this website based on your interaction with the advertisements or advertisers.

Disclaimer: The authors' assessments of market behaviour contained on this website do not constitute financial advice or a solicitation or recommendation to buy or sell financial products, but are merely a personal assessment. If you incorporate the author's assessment into your decision, you do so entirely at your own risk. If you trade in financial products, you must be aware that you may incur a loss of up to the amount of your entire investment. Actively familiarise yourself with trading and the characteristics of the instruments, especially leveraged derivatives, and/or seek independent advice before investing your own money and only use capital that you can afford to lose.
We use cookies

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.

Ok Decline
More information