NewsBTC
27 May 2025
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Bitcoin Retraces Below $109,000 After Hitting $111,800 All-Time High

Bitcoin (BTC) retraced below $109,000 after reaching an all-time high of $111,800 last week. Analysts are divided on its future price direction.

Price Predictions

  • Market expert Doctor Profit forecasts BTC could hit a new all-time high of $113,000 this week.
  • A "Golden Cross" technical indicator has appeared, historically signaling significant price increases.
  • The Golden Cross has an accuracy rate of 87.8% and has appeared twice in the last two years.
  • Past instances led to substantial gains: from $27,000 to $73,000 (170%) and from $63,000 to $109,000 (73%).

Market Dynamics

  • Significant inflows into Bitcoin exchange-traded funds (ETFs) are nine times greater than mined Bitcoin.
  • Strategy (formerly MicroStrategy) continues accumulating BTC, constraining supply.
  • Analyst Cameron Fous suggests a cautious outlook, indicating potential for a "bull trap" and price decline after peak.
  • Fous noted that if BTC falls below the 50-day moving average, signs of reversal may form.
  • Despite caution, he sees potential for BTC to rally between $130,000 and $200,000 short-term.

Currently, BTC is trading at approximately $108,739, reflecting a slight 0.6% retrace over the past 24 hours and slightly over 3% from its recent all-time high.