Coin price》Bitcoin surged to 107,000 USD! Traders are greedily anticipating a new high of 117,000.

In the past week, bitcoin has become less volatile after consolidation, and the market generally expects the price to usher in a breakthrough. Traders are eyeing above $105,000 and key technical patterns, looking to return to all-time highs. (Synopsis: The Fed secretly printed money!) Bought $43.6 billion in Treasury bonds in May, bitcoin tasted quantitative easing dividends? (Background added: Diamond Hands are on sale!) The cost of long-term bitcoin holders hit by nearly 10%, indicating a stage high? Entering mid-May 2025, Ethereum caught up with Bitcoin's gains, but BTC has been consolidated, its volatility has fallen to a low, the market expects a key breakthrough, today (19) Taiwan time at 8 a.m., BTC once exceeded $107,000, traders expect Bitcoin to enter a new "price discovery" stage. Market sentiment is strong Most traders are bullish on the current market structure, expecting prices to hit new all-time highs. Well-known trader Trader Alan summed it up in his latest short-term forecast: "Bitcoin target for the new week: $116,000." Next early week #Bitcoin target: $116,000 $BTC is brewing within this converging triangle with decreasing volume, which is a common indicator of potential for a Breakout pic.twitter.com/Civ9oX4PuD — Trader Tardigrade (@TATrader_Alan) May 18, 2025 This optimism is also supported by the Coinbase spot premium, which is often seen as a positive sign of solid demand from U.S. buyers. Technical patterns supporting bullish expectations include the "converging triangle of diminishing volume" observed by analysts, which Alan sees as a common indicator of potential breakouts. Another trader, Mikybull Crypto, described the current market structure as an "intraday diamond pattern breakout." Some analysts have put forward a target of $130,000 to $150,000 or more based on signals such as the MVRV golden cross and the price holding key moving average. Pullback risk However, there are also cautious voices in the market. Trader CrypNuevo suggested that given Bitcoin's failure to effectively break through resistance so far, there could be a temporary pullback in the short term. Trader Daan Crypto Trades also noted that bitcoin has failed to move significantly higher relative to the stock market in the near future, especially after the U.S. deal with China, which may indicate that investors tend to seek bitcoin when there are outflows and uncertainty elsewhere. – Bitcoin Pizza Day Party Returns! Right at Tempo House in Taipei! 5/22 (Thu) Come eat pizza, chat about Bitcoin, win SATS and get a sneak peek at the latest project of Taiwan Bitcoin Hub! Highlights of the event ・Cypherpunks takes you through the starting point of Bitcoin and Pizza Day ・BitDevs Taiwan Disassembles Lightning Network applications and technologies on site ・Taiwan Bitcoin Hub|New Bitcoin Community Base First Exposure SATS Lottery Airdrop 10 lucky winners will be drawn on the spot, 100,000 SATS will be divided and given away cold wallets! Be sure to download the Bitcoin Lightning wallet in advance (AQUA Wallet recommended) Event Information Time|5/22 (Thu) 19:00 – 22:00 Location|Tempo House (No. 12, Section 2, Jianguo North Road, Zhongshan District, Taipei City) Free to participate|Limited quota, registration needs to be reviewed Click here to register: Related reports The Fed secretly printed money! Bought $43.6 billion in Treasury bonds in May, bitcoin tasted quantitative easing dividends? Diamond hands are starting to sell! The cost of long-term bitcoin holders hit by nearly 10%, indicating a stage high? Trump predicts a new round of higher tariffs in two weeks! Bitcoin fell below 103,000, Ethereum lost 2,500 magnesium 〈Coin price》Bitcoin rushed to 107,000 magnesium! Traders greedily expect a new high of 117,000" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".