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BitcoinSistemi 2025-05-12 09:47:08

Will Bitcoin Break All-Time Highs? What Do Analysts Think? Here Are the Details

Bitcoin (BTC) extended its rally late Sunday, trading just below $104,000, buoyed by macroeconomic optimism and rising institutional demand. The world’s largest cryptocurrency is currently within striking distance of a new all-time high, with analysts calling a new record high plausible in the short term. Bitcoin traded at $103,926, down a marginal 0.12% over the past 24 hours, after briefly climbing above $105,000 earlier in the day. The cryptocurrency is currently only 4.5% below its previous all-time high of $108,786, reached in January. “Bitcoin is trading near all-time highs, supported by strong technical momentum that has it trading above its 50- and 200-day moving averages,” said Vincent Liu, CIO at Kronos Research. “Rising institutional adoption and a positive 2025 outlook point to a plausible path to another ATH,” he said. Despite the rally, some signs of caution have emerged, with analysts noting that Bitcoin’s Relative Strength Index (RSI) has entered overbought territory, which is often a precursor to price corrections. “This doesn’t necessarily signal a sudden reversal, but it does raise the possibility of a short-term cooling or sideways movement,” said Rachael Lucas, analyst at BTC Markets. “A retest and consolidation above the key psychological level of $100,000 would be a healthy development and could provide a foundation for further upside.” Bitcoin’s ongoing rally in price has been largely attributed to renewed US-China trade optimism. Diplomatic talks in Switzerland on Sunday concluded with both sides claiming to have reached a significant compromise, according to Reuters. Today, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are expected to announce significant progress in negotiations. “The recent rally in the crypto market was driven by renewed optimism regarding the US-China trade talks. As Bitcoin dominance reaches levels last seen before the 2021 bull market, we are seeing a classic rotation as capital starts to flow into altcoins,” said Min Jung, analyst at Presto Research. In addition to macro factors, sustained inflows into spot Bitcoin ETFs and continued institutional treasury accumulation are helping sustain the upward momentum. “Corporate treasuries like Strategy continue to accumulate BTC, strengthening institutional sentiment,” said Kronos’ Liu. “As macro events like the US CPI release on May 13th approach, investors should remain vigilant, manage risk wisely, and maintain diversified strategies to navigate this high-volatility environment.” With a plethora of tailwinds, from favorable technical indicators to improving geopolitical sentiment, many investors believe that a new all-time high for Bitcoin could soon be on the horizon. However, experts warn that volatility is the only constant in this market. *This is not investment advice. Continue Reading: Will Bitcoin Break All-Time Highs? What Do Analysts Think? Here Are the Details

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