- Bitcoin (BTC) worth trades above $111,400 and eyes $112k amid new bullish momentum.
- Technique, previously MicroStrategy, has introduced plans to purchase as much as $2.1 billion in BTC.
- The corporate’s plans and general market outlook are boosting bulls.
Bitcoin (BTC) rose above $111,000 once more after a short retreat from its all-time excessive.
The highest crypto traded at $111,486 on the time of writing, simply off the ATH of $111,861 reached on Wednesday.
Whereas the each day vary included a revisit of costs beneath $111k, Technique’s, previously MicroStrategy, announcement appears to be like to have injected recent impetus into Bitcoin bulls.
With BTC close to $111.5k, bullish sentiment may see it line up one other explosive run.
That is after Michael Saylor’s Technique revealed plans to purchase a further BTC value $2.1 billion.
On Could 22, 2025, Technique disclosed the meant BTC buy in a prospectus complement that the corporate filed with regulators.
The submitting exhibits that Saylor’s publicly-listed agency plans to situation as much as $2.1 billion of its 10.00% Collection A perpetual most popular inventory and use the proceeds so as to add to its Bitcoin technique. Funds may also go into working capital.
“Technique expects to make gross sales of perpetual strife most popular inventory pursuant to the ATM Program in a disciplined method over an prolonged interval, making an allowance for the buying and selling worth and buying and selling volumes of the perpetual strife most popular inventory on the time of sale. Technique intends to make use of the web proceeds from the ATM Program for basic company functions, together with the acquisition of bitcoin, and for working capital,” the corporate stated in a press launch.
Bitcoin worth prediction
Crypto investor and analyst Scott Melker posted on X that Bitcoin had simply accomplished a “golden cross”, between the 50-day and 200-day transferring averages.
He shared a chart displaying the potential BTC worth pump.
“That is the third since late 2023. As you may see, every was preceded by a “demise cross,” which has all the time been a lagging sign on the backside,” he famous. “Every Golden Cross led to a parabolic advance.”
Right here’s Scott Melker, aka Wolf of All Streets’ submit with a Bitcoin worth chart.
$BTC Day by day
Bitcoin simply accomplished a “golden cross” between the 50 MA and 200 MA.
That is the third since late 2023.
As you may see, every was preceded by a “demise cross,” which has all the time been a lagging sign on the backside.
Every Golden Cross led to a parabolic advance, pic.twitter.com/MpzXMKV1Go
— The Wolf Of All Streets (@scottmelker) Could 22, 2025
After hitting highs above $110k, analysts are bullish that the following goal for BTC might be $120k by the top of the second quarter.
Normal Chartered forecasts a run to $200k by the top of the yr, whereas positive factors amid institutional curiosity may ship Bitcoin worth to above $500k by 2029.
Within the tailwinds nook for BTC worth might be the “large liquidity increase” that Bitcoin maxi Fred Kreuger says will quickly hit the market.
We’re headed into an enormous liquidity increase.
On the finish of the day, the pivot away from DOGE is full. There will likely be no “reducing” of something. Solely “printing”.
Bitcoin has solely skilled this as soon as — in 2020. However this time might be much more explosive.
— Fred Krueger (@dotkrueger) Could 22, 2025
Bitcoin worth has elevated by over 4% up to now 24 hours and over 25% up to now month.
