Bitcoin jumped to $107,114 before crashing 4% to $103,005 on Monday, erasing all the bullish momentum and liquidating $600m in the crypto market. Just hours after Ark Invest CEO Cathie Wood said Bitcoin could go to $1.5m by 2030, and the whole crypto space went into overdrive. BTC daily high: $107,114 24 hour volume: $65.2B Total liquidations: $600M+ BREAKING: Bitcoin surges past $106,000! Michael Saylor reacts: "The world still doesn’t get it… But now, there’s no stopping it." The rocket is taking off — if you're in, you're flying. #Bitcoin #CryptoNews #BullRun #Saylor #Presale #memecoin #ALTSEASON pic.twitter.com/LxMUTHBMrA — NewsCoin (@NewscoinOf) May 19, 2025 CoinGlass data shows that both long and short positions were caught off guard, with longs and shorts getting liquidated in quick succession. The whole market followed, with total market cap dropping 2.7% to $3.36tr. Both longs and shorts just got rekt. In the last 24h: BTC pumped to $105K Dumped to $103K Pumped again to $107K And dumped again to $103K That’s $422M in long liquidations & $226M in shorts. Market makers are feasting.Brace for a wild week ahead—volatility is king. pic.twitter.com/gcEFlZ62TT — Erica Hazel (@Erica__Hazel) May 19, 2025 Cathie Wood’s $1.5M Forecast Ignites Long-Term Hype; Bitcoin Supported Despite short term headwinds, Ark Invest CEO Cathie Wood doubled down on her long term view for Bitcoin. In a CNBC interview she reiterated Ark’s 2030 bull case target of $1.5M per BTC and base case of $700,000-$750,000. Cathie Wood, The CEO of ARK Invest CEO just made a bold prediction that Bitcoin will reach $1.5 million by 2030. $HMSTR $IQ $MASK $TREE $SQD pic.twitter.com/03DoQWZDPo — Habibi (@habibiCEO_onsol) May 17, 2025 She cited: Accelerating institutional adoption Growing use of Bitcoin as an inflation hedge Infrastructure milestones like US spot BTC ETFs Bitcoin’s fixed supply and store of value “Bitcoin is gaining institutional trust,” Wood said, adding that macroeconomic instability may actually make BTC more attractive over time. Her comments have sparked optimism among long term holders who view the recent dip as a buying opportunity not a trend reversal. Bitcoin Technical Analysis: Rebound or Breakdown? Technically Bitcoin is rebounding from a key trend line at $102,750. A bullish engulfing candle followed by a reclaim of the 50-EMA ($103,692) suggests buyers are defending the structure. On the 2H chart BTC has printed a higher low which could lead to a test of the resistance levels at $105,539 and $107,084. Bullish momentum: MACD histogram turned green* Signal lines about to cross Volume on the rebound Price above 50-EMA But if it can’t stay above $103,692 it could retest $102,750 and then $100,782. Until a strong candle closes above $105,539 short term rallies will still face selling. Conclusion: Bitcoin is still choppy short term but Ark Invest’s long term target has got everyone’s attention. Be nimble and wait for the technicals to confirm before going long or short. BTC Bull Token Nears $6.98M Cap as 71% Staking Yield Drives Demand As BTC holding near $104K, investor focus is shifting toward yield-generating altcoins—none more so than BTC Bull Token ($BTCBULL) . The token has now raised $5.87 million out of its $6.84 million presale goal, with a price increase looming as it enters its final funding stretch. What sets BTCBULL apart is its flexible staking model, offering an estimated 71% annual yield with no lockups or withdrawal penalties. This approach gives investors the freedom to earn passive income while maintaining full liquidity—an attractive alternative to traditional DeFi staking protocols. Key Stats: USDT Raised: $5,977,397.02/ $6,981,682 Token Price: $0.00252 Staking Pool: 1.47B BTCBULL Yield: 71% APY BTCBULL merges the viral appeal of meme tokens with the real-world utility of DeFi, making it a standout pick for those looking to capitalize on the 2025 crypto cycle. With under $1 million left before the next price tier, entry at current levels is limited—fueling urgency among retail investors seeking early access to passive yield. The post Bitcoin Price Prediction: Ark Invest’s $1.5M Target Sends Shockwaves Through Crypto Markets appeared first on Cryptonews .
