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From $80K to $106K: Inside Bitcoin's Breakout and What's Next for $BTC

Published 1 day ago7 minute read

May has marked a powerful resurgence for Bitcoin, climbing an impressive 40% in just 40 days After a choppy and uncertain Q1 2025, Bitcoin has broken back above 100k and reignited confidence across the crypto space. Unlike previous rallies fueled by retail hype, memecoins, and presidential hype, this move feels more grounded, with stronger hands and institutional players driving the momentum.

After the major run-up in December 2024, a period of pullback and sideways action was expected. It allowed the market to reset, flushing out short-term traders while long-term players like Michael Saylor and BlackRock quietly accumulated more Bitcoin at lower prices. Buyers in the $80,000 range are now well in profit and likely holding strong. This quiet accumulation signals that the foundation for the next leg up is already being built.

And on Sunday, May 18, Bitcoin closed at $106,473, marking the highest weekly close price in its history. Although Bitcoin's price reached higher during the euphoric surge in December 2024, it never sustained those gains and quickly retraced below the highs. This is a new all-time-high close. Wow!

To add to this, Google search interest for the term "Bitcoin" is currently near an all-time low compared to levels seen back in December, when Bitcoin reached $110,000. This is a strong contrarian indicator. Historically, peak search interest often aligns with local market tops driven by retail hype. The fact that Bitcoin is re-approaching all-time highs with relatively little mainstream attention suggests that the market is still early in its current cycle.

Meanwhile, while Bitcoin consolidates above 100k and most aren't paying much attention, Ethereum, and even more prominently AI, continues to grow and evolve rapidly. This week I dove into discussion with top experts from decentralized AI projects, explored how the Bitcoin ecosystem is expanding into native staking and Bitcoin secured networks, and applied for a Calaxy Web3 social media grant could offer you $20,000 just for being a content creator there. Don’t miss the below.

As Bitcoin nears its all-time highs once again, there is growing interest in exploring the Bitcoin ecosystem further. Ethereum has had years to grow its Total Value Locked in DeFi and to continue developing the future of finance, but what about those possibilities on Bitcoin?

As more institutions get involved in Bitcoin, they will be looking for ways to earn yield. In this latest interview, I explore how staking Bitcoin can generate yield while securing other chains. This is still the ground floor. The Babylon Genesis Chain has just launched, and many more chains are expected to launch on the Babylon-Secured Network (BSN) in the near future.

AI agents and decentralized AI continue to be a strong narrative in the Web3 space. The functionality is increasing each month, and there is now stronger support for decentralized AI than ever before.

I spoke with GaiaNet, a decentralized AI ecosystem where anyone can develop a language model and host it through a decentralized network of over 500,000 nodes on Gaia’s infrastructure.

In my conversation with CEO Shashank Sripada, we discussed the importance of decentralized AI as an alternative to centralized systems like ChatGPT, and how open source, decentralized networks help secure your information while interacting with AI.

If you are interested in learning more about the right way to use AI and how to protect your data and inputs, I highly recommend watching this video.

Secondly, I spoke with another company focused on decentralized AI, Sahara AI, which is centered on data ownership and the monetization of AI models created by individuals. There are many small language models and specialized knowledge being input into LLMs and SLMs, and there needs to be a decentralized network where those artists and creators are rewarded when their specific AI models are used.

I highly recommend checking out our interview with Sean Ren of Sahara AI, where we discuss their collaboration with top universities in the United States and their efforts to create ways for contributors to earn while supporting the advancement of artificial intelligence.

Lastly, on the Web3 social media side, I spoke once again with Calaxy, a Web3 social platform (and wallet) designed to empower the creator economy and put social media fully into the hands of content creators.

They recently launched a $1 million Creator Fund, where 50 creators, whether seasoned or brand new, can apply to earn up to $20,000 for producing social media content on Calaxy’s Web3 platform. Co-founders Spencer Dinwiddie of the NBA’a Dallas Mavericks and CEO Solo Ceesay announced the fund at SXSW in Austin in March. Since then, Calaxy has been experiencing rapid growth of new users, interested in understanding the paradigm shift of the creator economy and apply for the creator fund.

One standout feature I personally love in their wallet is the ability to send stablecoins like USDC via direct message or text message, instantly and with near zero fees, using Hedera or Solana blockchains. No other Web2 or Web3 social media platform currently offers this functionality.

I have personally applied for the $1,000,000 Creator Fund myself, and I recommend checking out Calaxy. You can create a free account and apply. Set up a profile and explore unique ways to monetize your content and services through the platform’s built-in revenue opportunities. You never know if you will be selected.

Bitcoin has broken through the key psychological resistance at $100k and is now pushing higher, currently testing a significant resistance zone between $106k and $107k. While the trend remains bullish across most timeframes, including the daily and weekly charts, the 3-hour chart shows signs of short-term weakness, suggesting a potential pullback or consolidation. Adding to this, the On-Balance Volume (OBV) has been dropping during the latest price surge, indicating that although trading volume remains high, it has not been increasing over the past five days, which is a potential divergence to watch and .

If Bitcoin can flip the $107,000 region into support, the next upside target lies near $116,000. On the downside, $100,000 has now turned into a key support level and should be closely monitored in the event of a retracement. However, bitcoin has been looking strong as it did already go down and test the 102k-103k level and is popping back up. The overall market structure remains strong, but a brief cooldown would not be surprising given the momentum indicators and recent volume behavior to continue to build support above 100k.

Ethereum has seen a major rise over the past two weeks, climbing sharply from below $2,200 to recent highs near $2,736. After such a strong move, it's normal to see consolidation or a short-term pullback, which is reflected in the current bearish signals on the 3-hour chart. This period often brings some profit-taking and cooling in momentum, especially as Bitcoin also shows signs of near-term hesitation. Both assets appear to be settling in after significant gains.

Despite the short-term bearishness, the 1-day chart for Ethereum remains bullish, showing that the broader momentum is still intact. Notably, Smart Money has re-entered both Ethereum and Bitcoin, which is significant because institutional players typically take longer-term positions. This renewed presence suggests deeper confidence in the market's direction. For now, Ethereum is waiting on Bitcoin’s next major move — and any dips in Bitcoin could lead to sharper, leveraged drops across Ethereum and the altcoin market in the short term.

Also, we will be attending Bitcoin Vegas 2025 May 27-29 where 30,000 Bitcoiners, 400+ speakers, and $14 trillion in assets will converge. JD Vance, Don Jr and Eric Trump, the Crypto Czar, Jack Mallers, Michael Saylor, and even Ross Ulbricht will be speaking. See all the speakers and grab your tickets at https://b.tc/conference/2025

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That’s all for this week. Stay tuned for the next update, where we’ll cover more unique Layer 1 blockchains on the rise, new all-time high Bitcoin price targets, and more.

The publisher, authors, and any affiliates accept no liability for any direct, indirect, consequential, or incidental damages arising from the use of or reliance on this information. By accessing and using this content, you agree to release them from any claims or liability. If you have specific investment questions or concerns, please seek independent professional advice from a licensed financial advisor, attorney, or other qualified professional.
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