Bitcoin Worth recorded a giant end in Could 2025, hitting a excessive of $104,591 in a month. Higher but, it reached an unimaginable excessive of $111,980. It fully destroyed earlier data and made clear what prime performers of the 12 months. Now that historical past has been made, everyone seems to be on the lookout for what is going to come subsequent.
The chart speaks for itself. After dropping the $70,000 to $90,000 vary earlier this 12 months, BTC was convicted within the second quarter and by no means regarded again. The $100,000 degree was as soon as thought-about a speculative milestone, however now it’s the basis of the market construction.
The $104,000 to $106,000 vary now seems to be like short-term assist. The cap is $111,980. As we head in direction of June, we must await it to carry on or give method.
I discover macro indicators tough to see what's occurring. Commerce coverage from the US was a little bit of a sizzling subject in Could after proposing a serious obligation on EU items. The transfer has been gradual and confronted a number of authorized challenges, however the brand new date on July 9 is now thought-about a attainable market set off. Relying on how that occurs, it might strengthen Bitcoin (BTC) or put strain on dangerous property.
If you happen to look carefully, you may see that on-chain metrics nonetheless point out exercise. Final month, we noticed nearly 18,800 massive BTC transactions. It's value $100,000 every. That's essentially the most since January. An increasing number of Bitcoin is leaving the change, exceeding 147,000 BTC for the reason that begin of the 12 months.
