Analyst: Bitcoin Sets Record for Single-Day Close, $110,000 is the Next Level to Watch
According to ChainCatcher, as reported by CoinDesk, Bitcoin (BTC) reached an all-time high on May 20, 2025, with a daily closing price of $106,830, surpassing the previous record. The next key resistance level is $110,000.
This surge was driven by continuous capital inflows into the U.S. spot Bitcoin ETF, as investors show increasing interest in inflation-resistant assets like gold and Bitcoin.
Technical analysis indicates that if Bitcoin successfully breaks through $110,000, the next target could be $120,000.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The world's first VWA game COC launches full on-chain game data, ushering in a new era of P2E for Gamefi
Data: 113.6 BTC transferred from Wintermute to an exchange, worth approximately $10.56 million
Trending news
MoreThe crypto market suffered a total loss of $7.77 million due to phishing attacks in November, with over 6,300 victims.
After nine consecutive wins, a certain address suffered a loss, with $1.78 million in profits evaporating and a principal loss of $117,000. Currently, it holds over $30 million in short positions.
Crypto prices
More
