🦉 Bitcoin Hit A Record High. Here's Why.

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Bitcoin Market Update – A Historic Breakout and What Comes Next

Bitcoin has had an exceptional week, breaking through its previous all-time high and continuing to surge. In last week’s update, we anticipated a minor retracement, with a key level to watch being the $105,000 mark. We noted that if BTC could close a few daily candles above this level, it would likely propel us to new highs. That scenario played out perfectly: after a brief pullback, Bitcoin pushed through $105K and within just two days, printed a new all-time high just shy of $112,000.

Looking at the daily chart, price action is beginning to resemble a large falling wedge—a classic bullish continuation pattern. Based on the structure, the first target lies around $127,000, and the second around $146,000. To validate this pattern further, we’ll want to see daily closes above the wedge resistance, approximately between $110,000 and $111,000. A confirmed breakout above this zone would make these targets highly probable.

That said, this doesn't mean Bitcoin will move there in a straight line. A pullback remains a very real possibility, and would not invalidate the pattern unless price falls below the breakout point—currently near $85,000.

Adding to the bullish narrative, we just printed a daily golden cross as of last night’s close. This occurs when the 50-day simple moving average crosses above the 200-day SMA, typically considered a strong sign of long-term strength. While it is a lagging indicator—reflecting gains already made—Bitcoin’s previous golden crosses have often been followed by powerful rallies.

Historically, BTC has seen an average 10% pullback shortly after a golden cross, which would be entirely healthy, especially after six straight weeks of upward movement.

This phase of the cycle is often characterized by fast and aggressive moves, so having a well-defined plan is critical. Last week, I emphasized the opportunity in positioning into altcoins, and those who took action—as I did—are currently well positioned. This is an ideal time to add or adjust positions, but always with an exit strategy in place. Euphoria can be costly if it causes you to overstay positions.

Remember: at the end of each cycle, altcoins typically suffer 70–90% drawdowns.

Managing risk is just as important as finding the right entries. For BTC, new entries or final portfolio adjustments are best made on the next pullback. After that, Bitcoin could enter the “point of no return” phase, where the next leg of the mega rally begins—and the best entry opportunities will be behind us.

Trade smart, stay disciplined, and plan ahead.

Book a free consultation at http://tacticaltradinghub.com to get started. See you on the inside!

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T’S HOOT’S OF ENLIGHTENMENT - IS IT TOO LATE TO BUY BITCOIN?💡

As of May 23, 2025, Bitcoin is trading around $109,750, having recently reached an all-time high of $111,970 . While the price has surged significantly from its November 2022 lows, many analysts believe there’s still potential for growth.

Projections suggest Bitcoin could reach $200,000 by the end of 2025 and possibly $1 million by 2030, driven by factors like institutional adoption, regulatory clarity, and macroeconomic conditions.

However, it’s essential to recognize Bitcoin’s inherent volatility. Factors such as geopolitical tensions, regulatory changes, and market sentiment can lead to significant price fluctuations. For instance, recent tariff threats led to a 2.5% drop in Bitcoin’s price.

For long-term investors, strategies like dollar-cost averaging—investing a fixed amount regularly—can help mitigate short-term volatility and reduce the risk of market timing . As one investor aptly noted, “The best time to plant a tree was yesterday. The second-best time is today”.

In conclusion, while Bitcoin is no longer in its infancy, it may not be too late to invest. Success hinges on a clear investment plan, risk tolerance, and a long-term perspective.

Want to learn more? Join us today… www.dailygainscrypto.com 

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