- Bitcoin (BTC) price trades above $111,400 and eyes $112k amid new bullish momentum.
- Technique, previously MicroStrategy, has introduced plans to purchase up to $2.1 billion in BTC.
- The corporate’s plans and total market outlook are boosting bulls.
Bitcoin (BTC) rose above $111,000 once more after a short retreat from its all-time excessive.
The highest crypto traded at $111,486 on the time of writing, simply off the ATH of $111,861 reached on Wednesday.
Whereas the each day vary included a revisit of costs under $111k, Technique’s, previously MicroStrategy, announcement appears to be like to have injected contemporary impetus into Bitcoin bulls.
With BTC close to $111.5k, bullish sentiment might see it line up one other explosive run.
That is after Michael Saylor’s Technique revealed plans to purchase a further BTC price $2.1 billion.
On Could 22, 2025, Technique disclosed the meant BTC buy in a prospectus complement that the corporate filed with regulators.
The submitting exhibits that Saylor’s publicly-listed agency plans to difficulty up to $2.1 billion of its 10.00% Sequence A perpetual most popular inventory and use the proceeds so as to add to its Bitcoin technique. Funds can even go into working capital.
“Strategy expects to make sales of perpetual strife preferred stock pursuant to the ATM Program in a disciplined manner over an extended period, taking into account the trading price and trading volumes of the perpetual strife preferred stock at the time of sale. Strategy intends to use the net proceeds from the ATM Program for general corporate purposes, including the acquisition of bitcoin, and for working capital,” the corporate stated in a press release.
Bitcoin price prediction
Crypto investor and analyst Scott Melker posted on X that Bitcoin had simply accomplished a “golden cross”, between the 50-day and 200-day transferring averages.
He shared a chart exhibiting the potential BTC price pump.
“This is the third since late 2023. As you can see, each was preceded by a “death cross,” which has at all times been a lagging sign on the backside,” he famous. “Each Golden Cross led to a parabolic advance.”
Right here’s Scott Melker, aka Wolf of All Streets’ publish with a Bitcoin price chart.
$BTC Day by day
Bitcoin simply accomplished a “golden cross” between the 50 MA and 200 MA.
That is the third since late 2023.
As you may see, every was preceded by a “death cross,” which has at all times been a lagging sign on the backside.
Every Golden Cross led to a parabolic advance, pic.twitter.com/MpzXMKV1Go
— The Wolf Of All Streets (@scottmelker) Could 22, 2025
After hitting highs above $110k, analysts are bullish that the following goal for BTC may very well be $120k by the tip of the second quarter.
Commonplace Chartered forecasts a run to $200k by the tip of the yr, whereas features amid institutional curiosity might ship Bitcoin price to above $500k by 2029.
Within the tailwinds nook for BTC price may very well be the “massive liquidity boom” that Bitcoin maxi Fred Kreuger says will quickly hit the market.
We’re headed into a large liquidity increase.
On the finish of the day, the pivot away from DOGE is full. There can be no “cutting” of something. Solely “printing”.
Bitcoin has solely skilled this as soon as — in 2020. However this time may very well be much more explosive.
— Fred Krueger (@dotkrueger) Could 22, 2025
Bitcoin price has elevated by over 4% up to now 24 hours and over 25% up to now month.