Bitcoin, the world's largest and most powerful cryptocurrency, is again in the spotlight for an all-time historic surge above $110K. During the famous period of Bitcoin Pizza Day, BTC soared above the all-time high of $111,650, based on CoinMarketCap data. This amounts to a wonderful 8.5% surge in 24 hours and places BTC into its price discovery, hence paving the way for bigger bullish targets.
Source: CoinMarketCap
With a rise in market capitalization to $2.21 trillion and trading volume up 78.88% at $89.88 billion, it seems that investor confidence has taken a powerful rally into the kingdom. The momentum is building by the minute as the top analyst, Ali (@ali_charts), brings out a clean breakout from earlier resistance zones.
As now in uncharted areas, the next hit targets will be $116,000, $126,000, $136,000, and $148,000. The technical charts talk about huge upside potential as long as the bulls remain in power.
Robust institutional demand, especially via spot Bitcoin ETFs, is backing the price action. As per Sosovalue, ETFs recorded net inflows of $608.99 million on May 21, 2025, with BlackRock’s IBIT leading the way with $530.63 million, followed by Fidelity’s FBTC with $23.53 million. More than $4.24 billion has seeped into Bitcoin ETFs in May alone.
Such accumulation by institutional investors shows that they have bought BTC for the long term as financial giants increase their exposure to BTC with worries deepening on the traditional markets.
This has helped add fuel to the bullish fire. Finance author Robert Kiyosaki recently issued warnings about the U.S. economy. Citing what he calls a "failed bond auction" and 50 billion dollars of debt buying by the Fed with what he calls "fake money," Kiyosaki forecasts impending hyperinflation and the demise of the fiat system.
He goes as far as predicting that the asset would rise between $500,000 to $1 million, thereby reaffirming its status as a safe haven during economic crises. This message likely resonates with those attempting to shelter themselves against inflation and currency debasement.
The crypto investor Fred Krueger is making a strong prediction of the rise from $150,000 to $600,000 in just 90 days, between the 21st of July 2025 and the 21st of October 2025. There is an assumption that an enormous global financial disruption will hit and that such a collapse will push down the U.S. Dollar Index (DXY) to 68, spike 10-year Treasury yields above 9.2%, and send the S&P 500 into a free fall by 50%.
Along with all of this, gold is also forecast to shoot for $10,400, asserting that hard assets like Bitcoin will be in high demand from macroeconomic instability.
At the moment, The world largest cryptocurrency is very bullish from a technical and fundamental view. Now that historical resistance has been broken, with ETF flows picking up and macro fear growing, the ambiance looks much conducive for Bitcoin's next leg higher.
Some short-term targets could lay around $116,000 to $148,000, but armed with inflation hedging, institutional adoption, currency devaluation, etc., BTC could strain forth to $150,000 and then to $500,000 plus, especially with worsening scenarios.
Also read: Hrum Quote of the Day 23 May 2025: Reward 150 Coins
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