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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.

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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.

BTC price fall

Bitcoin - The volatility strikes

Cryptocurrencies News

After Bitcoin broke through the USD 100,000 mark, it took less than 24 hours for volatility to show its merciless side.

Bitcoin Price plummets within a few minutes

After Bitcoin broke through the USD 100,000 mark on the night of December 12, many saw the way paved for an unstoppable rise in the price of the first cryptocurrency. However, more prudent voices also pointed to the possibility of an imminent correction. However, very few probably expected the collapse that followed less than 24 hours later.

After the price had already fallen just below the 100K mark again, it fell from around USD 98,400 to a low of around USD 91,800 within just five minutes at around 23:30 CET. However, a recovery began immediately afterwards and less than half an hour later the Bitcoin price was back above USD 97,000.

Cause of the Drop still unknown

It is not yet clear what triggered this crash. It remains to be seen whether one of the whales may have decided to take profits with a (larger) portion of their Bitcoins after the drop below USD 100,000. However, it is unlikely or almost impossible that a single market participant could cause such a crash. However, the fact that the sharp dip was immediately followed by a recovery, albeit not immediately to the previous price level, shows that the bulls may initially be cautious, but that they are sufficiently optimistic to buy Bitcoin when the opportunity presents itself.

It remains to be seen whether the price can regain the 100K level during the Asian session. However, it could become interesting when the figures on non-farm payrolls in the US are published on Friday. If these disappoint, the expectation of a further interest rate cut by the Fed in December could give Bitcoin's price a boost again.

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