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- Bitcoin surged to an all-time high of $109,458 on May 21, 2025, marking seven consecutive weekly gains, the longest bullish streak since 2023.
- Market cap hit a new record of $2.17 trillion, with realized capitalization also reaching $911.5 billion, reflecting strong holder commitment.
- Analysts predict further upside: targets range from $135K-$140K (Fibonacci extension) to $300K+ (Elliott Wave and Megaphone breakout).
Bitcoin (BTC) reached an unprecedented milestone on May 21, 2025, hitting a new all-time high (ATH) of $109,458 on Binance. This rally marks a remarkable run of seven consecutive green weekly candles, a sign of sustained bullish momentum, following a significant price rebound from its swing low of $74,500.
If Bitcoin manages to close its current weekly candle above $106,500 on May 25, it will achieve its longest streak of consecutive weekly gains since October 2023. Such consistency underscores growing investor confidence and renewed optimism in the flagship cryptocurrency’s long-term prospects.
Alongside this price surge, Bitcoin’s market capitalization soared to a fresh record of $2.17 trillion, while its realized capitalization, a measure reflecting the average price at which all coins last moved, also reached a new high of $911.5 billion, according to on-chain analytics firm Glassnode. These metrics highlight not only Bitcoin’s rising value but also the increasing commitment from holders across the network.
Bitcoin Price Could Hit 135K to 140K in 2025
Crypto trader Titan of Crypto shared an optimistic outlook, suggesting that a Bitcoin price target in the range of $135,000 remains “very much in play” for 2025. Titan’s forecast uses the Fibonacci extension tool, a popular technical analysis method. It predicts potential price levels by measuring previous market swings. The critical 1.618 Fibonacci extension level, drawn from the recent swing low to swing high, aligns with a target zone between $135,000 and $140,000.
Veteran trader Peter Brandt offered a more measured perspective, acknowledging the new ATH but cautioning that such milestones are common during robust bull markets. Brandt remarked, “Bull markets make all-time highs all the time. It is the definition of a bull market.” He further speculated that Bitcoin could reach between $125,000 and $150,000 by the end of August, reinforcing the notion that the current rally still has room to run.
On the more bullish end, technical analyst Gert van Lagen projected an even more ambitious price range between $300,000 and $320,000. In a recent post on X (formerly Twitter), van Lagen highlighted Bitcoin’s breakout from a four-year Megaphone Pattern, a technical formation characterized by diverging trendlines with higher highs and lower lows. This pattern typically signals a strong directional move following a breakout above the upper resistance line.
Van Lagen applied Elliott Wave Theory, which analyzes market cycles through wave patterns. He noted Bitcoin is in the final Wave 5 of an impulse cycle. This phase traditionally indicates a concluding rally. It could support a dramatic price increase of 170% to 190%, reinforcing the potential for a sustained upward trend.
Bitcoin Rally Faces Traps for Overconfident Traders
Despite widespread enthusiasm, João Wedson, CEO of Alphractal, advised caution. Wedson pointed out that Bitcoin’s recent price heatmaps show movement into high-leverage zones where market makers could exploit overly confident traders, potentially triggering liquidations. He warned intense focus on new all-time highs could create traps for investors. These traps may lead to sharp corrections for both bullish and bearish traders.
“Always manage your risk,” Wedson emphasized. His advice reminds us that Bitcoin’s bull run is impressive. However, crypto’s volatility demands careful strategy and disciplined risk controls.
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