At 11:35 a.m. on the 22nd (Japan time), Bitcoin on CoinMarketCap was up 24 hours earlier.
It rose 3.79% from a week earlier and 7.61% from a week earlier to $110,840 (approximately JPY 15.86 million), hitting a new all-time high for the first time in four months.
Bitcoin's market capitalization is now $2.17 trillion, according to on-chain data analytics firm Glassnode.
The total market capitalization was $911.5 billion, both of which were new all-time highs.
Crypto) has analyzed that "Bitcoin could reach $135,000 by 2025." This is the largest price rise in the past two years.
During the time, he used the Fibonacci tool to set price targets based on key support and resistance levels, explaining that the 1.618 Fibonacci level corresponds to $135,000-$140,000.
Meanwhile, veteran trader Peter Brandt said Bitcoin's new all-time high "has no special technical meaning.
"All-time highs are a common occurrence in bull markets. This is the very definition of a bull market," he said, adding, "There's a chance that this rise could continue to $125,000-$150,000 by the end of August."
Technology analyst Gert van Lagen has put the price much higher, at $300,000 to $320,000.
He analyzed that Bitcoin has broken through the upper resistance line of the “Megaphone Pattern” that has continued for four years.
Also, Elliott Wave Theory
Based on this theory, Bitcoin is in the final "five wave" of the bull cycle.
ve 5) and that there is room for an additional increase of 170 to 190 percent in the future.
2025/05/22 13:22 KST
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