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.