Bitcoin recently reached a new summit of all time after increasing almost 3.5% to $ 111,880. Bitcoin market capitalization is now approaching 2.2 billions of dollars, exceeding Amazon. In the midst of these exciting moments, the former CEO of Binance, Changpeng Zhao, was quick to react at the top of all time in Bitcoin.
According to him, investors who sold their tokens when the price was $ 77,000, missed great profits. He also had advice and suggested examining long -term trends instead of being taken in short -term price changes. Investor Fred Krueger has shared that once the level of $ 110,000 is raped, there will be no blockage and it will be a smooth path directly at $ 150,000.
The FNB Bitcoin see the entries of $ 3.6 billion in May, institutional interests increase
While Bitcoin exceeded the $ 110,000 mark, the ETF Spot recorded large gains. Investors paid $ 608.99 million in new capital, pushing the total value of the assets of all BTC Spot ETF at 129.02 billion dollars according to Sosovalue data.
The request does not only come from crypto or merchant funds, because public companies now consider the BTC as an asset of the Treasury. Large institutions feed the Bitcoin rally and the trend can continue. May alone saw net entries of $ 3.6 billion in the ETF.
Exchange entries have dropped 82% since November, while liquidity is booming with USDT reserves at 46.9 billion dollars. Unexpected movements like JPMorgan offering customers access to Bitcoin marks a major change that could also push other great players to kiss the crypto.
$ 180,000 at the end of the year?
QCP traders have shared that a break for other heights can trigger a fresh FOMO and bring back retail investors who will increase prices.
Ryan Lee de Bitget predicts that Bitcoin could increase to $ 180,000 by the end of the year, caused by solid FNB entries, slower supply after reduction in half and increasing institutional adoption. It highlights the recent demotion of the American credit of Moody as a major catalyst, which has strengthened the Bitcoin and Ether call as shelters against Fiat risk.
Golden Cross is there; $ 113,000 then?
The expert Benjamin Cowen stresses that today is the Bitcoin gold cross, a bull’s bull’s signal where the 50 -day mobile average crosses the 200 -day mobile average. It remains to be seen if it could push BTC to reach $ 113,000 afterwards.
The golden cross is expected from May 22 to 23. Historically, this decision often leads to a decline of 10 to 15%, even in the solid bull markets. If Bitcoin plunges but maintains above $ 95,000, the upward trend will likely continue. But if he does not exceed $ 110,000 in mid-June, then we could see a lower number and a possible retest of the lower support levels.
