Bitcoin News

Story: Bitcoin Climbs Past $111K as Technical Signals Point to More Gains

By Julie Binoche

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Bitcoin continues to climb new heights, with the leading cryptocurrency hitting an all-time high of $111,544.

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This latest price milestone represents a 48% increase from Bitcoin's recent low of $75,000 in early April, reinforcing strong market momentum.

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Record-Breaking Metrics Show Growing Strength

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As prices surged, Bitcoin’s total market value reached $2.2 trillion. Meanwhile, the realized cap—a measure of coins priced at the last time they moved—hit a new peak of $915…

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Another key sign of renewed interest is the rise in trading volume. According to CoinGecko, daily trading volume spiked to $73.

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Open interest in Bitcoin futures also broke records, rising to $81.35 billion. That’s nearly double what was seen in March, indicating growing interest from leveraged and…

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The price rebound follows a difficult stretch earlier this year when Bitcoin fell over 30% from January highs due to geopolitical uncertainty and fears over new U.S. tariffs.

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One of the biggest drivers behind Bitcoin’s rally is the sustained demand from U.S.-listed Bitcoin spot ETFs. These investment funds have attracted more than $7.

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Public companies are also contributing by adding Bitcoin to their balance sheets. One example is Strategy, a firm that now owns more than 2.

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Technical Signals Suggest Even More Upside

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On the technical side, Bitcoin has formed a golden cross—when the 50-day moving average rises above the 200-day moving average.

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The cryptocurrency has also broken out of a "bull flag" pattern on the weekly chart, which typically indicates that a continuation of the rally is likely.

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Veteran trader Peter Brandt acknowledged the bullish outlook, suggesting a possible market peak in the range of $125,000 to $150,000 by late summer 2025.

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Another analyst, Gert van Lagen, is even more optimistic. He predicts Bitcoin could rise to $300,000 or more before the current bull market ends, pointing to a breakout from a…

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While many investors are excited about Bitcoin’s recent rally and optimistic Bitcoin price prediction, some caution is still warranted.

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