US EditionBitcoin trades near $104,000; analyst says new all-time high 'plausible'
- On May 12, 2025, Bitcoin traded near $104,000, marking a 35% rise from its April low of $74,492 amid strong market activity.
- This surge follows substantial inflows exceeding $41 billion since early 2024 and reflects growing institutional demand and renewed optimism from US-China trade talks.
- Supporting details include Bitcoin's formation of a bullish cup and handle pattern, a five-year low in exchange holdings, and accumulation by firms like Strategy and MetaPlanet.
- Analysts highlight a key resistance near $108,230, and Kronos CIO Vincent Liu noted the environment remains volatile but favors bulls, stating technical signals suggest a new all-time high is plausible.
- The current momentum suggests Bitcoin could test and potentially surpass its $108,786 peak from January, with experts urging vigilance amid possible short-term pullbacks.
14 Articles
14 Articles
Bitcoin Tops $100K for First Time in 3 Months; Are Upside Targets Too Low?
The price has jumped 33% in a few weeks after plunging to $75,000 in the days following President Trump’s early April Liberation Day tariff announcement. What to know: Bitcoin is back above $100,000 after dropping just under $75,000 following President Trump’s early April tariff announcements. Traditional markets have joined crypto in rallying following the initial panic over the tariff news. Standard Chartered’s Geoff Kendrick says flows are t…
Quant Analyst PlanB Says New Bitcoin All-Time High Incoming With Sky-High Price Target in Its Sights
Popular quant analyst PlanB says that one key indicator suggests Bitcoin ( BTC ) will hit explosive new all-time highs in the coming months. In a video update, the pseudonymous analyst tells his 211,000 YouTube subscribers that the monthly Relative Strength Index (RSI) indicator suggests Bitcoin’s b...
Bitcoin all-time high cues come as US-China deal sends DXY to 1-month high - WorldNL Magazine
Bitcoin pauses as major assets catch up to the US-China trade deal announcement, with $102,000 on the cards as a BTC price support retest target. Key points:Bitcoin seeks consolidation after rapid gains as stocks and the US dollar surge on US-China trade deal news.Nearby order book liquidity forms potential targets for traders, which now include $102,000.A classic moving average retest suggests that a new all-time high should result.Bitcoin (BTC…
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
