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Bitcoin Price Prediction: New ATH Confirmed — Here’s Where BTC Could Be Headed Next

Bitcoin Price Prediction: New ATH Confirmed — Here’s Where BTC Could Be Headed Next

CryptoNews2025/05/23 11:00
By: Arslan Butt
BTC-0.38%RSR-4.49%CHAT0.00%
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Bitcoin (BTC) has hit a new all time high of $111,087, up 3% in a day and finally breaking above the long held resistance zone of $108,000. The daily close above the highs is a big deal for the crypto markets. BTC is now in a rising channel since April, with higher highs and higher lows.

Technically the breakout is strong. MACD has just given a bullish crossover and the 50 day EMA ($96,956) is rising, the long term trend is strong.

Bitcoin Price Prediction: New ATH Confirmed — Here’s Where BTC Could Be Headed Next image 1 Bitcoin Price Chart – Source: Tradingview

If BTC holds above $113,369, we may see the next resistance levels at $117,141 and $120,913. But price is at the top of the channel so a pullback to $108,000 could be a healthy reset and a second chance long.

Regulation Boosts Investor Confidence

Beyond the charts, Bitcoin’s breakout is being driven by big regulatory tailwinds. In Texas, the state lawmakers approved Senate Bill 21 , allowing the state to create a Bitcoin reserve.

Once signed into law, Texas will be the second US state after New Hampshire to hold crypto on its balance sheet, a big step in legitimizing Bitcoin as a treasury asset.

JUST IN: 🇺🇸 The Texas House has officially passed the Strategic Bitcoin Reserve Bill (SB21).

Using rainy day funds, Texas could purchase 217,654 BTC assuming a BTC price of $109,219.

BULLISH! pic.twitter.com/04WBx4gr8d

— Satoshi Club (@esatoshiclub) May 21, 2025

Hong Kong also passed landmark legislation to regulate fiat-referenced stablecoins (FRS), including licensing, AML compliance and reserve management.

This tighter framework will attract institutional capital and solidify Bitcoin as a regulated and strategic hedge in global finance.

These policy changes reduce uncertainty and mean crypto is becoming part of the mainstream financial infrastructure – key for long term adoption and capital inflow.

Macro Tailwinds Fuel Bullish Outlook for Bitcoin

Bitcoin’s rally comes as traditional markets are getting nervous. A disappointing US Treasury auction pushed 20 year bond yields above 5.1%, 10 year and 30 year yields are also spiking.

This bond market chaos is driving investors to Bitcoin as a macro hedge. Geopolitical tensions – tariffs and currency concerns – are also eroding faith in fiat systems.

🚀 $110K BITCOIN HAS ENTERED THE CHAT 🚀
 
Bitcoin just cracked six figures guess it finally remembered the password.
 
Somewhere, someone’s still crying about selling at $69K… pour one out!
 
So what’s the play? Buy high, sell higher? Or just “working” with one eye on the… pic.twitter.com/gTB2letICM

— Bitget Philippines 🇵🇭 (@BitgetPH) May 22, 2025

According to Caroline Bowler of BTC Markets, institutional investors are “reallocating to digital assets”, a trend that is being seen with over $27 billion in BTC inflows since early May.1.1 billion long and leveraged, one trader is all in. ETF flows and whales are buying, $160,000 is no longer a moonshot.

BTC Bull Token Nears $7.14M Cap as 71% Staking Yield Fuels FOMO

As Bitcoin hovers near $111K, attention is rapidly turning to high-upside altcoins — and BTC Bull Token ($BTCBULL) is stealing the spotlight. With $6.17 million raised out of its $7.14 million cap, momentum is accelerating as the next presale price jump closes in fast.

What sets BTCBULL apart is its unique rewards model — token holders receive Bitcoin airdrops directly tied to BTC’s price rallies. The higher Bitcoin climbs, the more BTC gets distributed — with presale buyers receiving priority rewards over post-launch DEX investors.

Key Stats:

  • USDT Raised: $6,172,195.39 / $7,136,435
  • Token Price: $0.002525
  • Staking Pool: 1.47B BTCBULL
  • Yield: ~71% APY
Bitcoin Price Prediction: New ATH Confirmed — Here’s Where BTC Could Be Headed Next image 2

Built-in scarcity adds even more firepower: every time Bitcoin rises by $50K, BTC Bull triggers a token burn, reducing supply and increasing upside potential for long-term holders.

Meanwhile, staking is turning heads. BTCBULL offers a whopping ~71% APY on its Ethereum-based staking pool (currently holding 1.47B BTCBULL), with no lockups or withdrawal fees. That means passive yield — with full liquidity.

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.
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