Bitcoin Bulls Are Winning – Traders Predict New Price Highs Loading

Bitcoin bulls are charging ahead again, with derivatives data confirming healthier and more sustainable gains above $100,000. The largest cryptocurrency is continuing to attract renewed interest from institutional investors and traders, who predict that BTC will soon find fresh all-time highs above $109,000.

In a significant shift for the tradfi industry, JPMorgan Chase officially gave its clients the green light to buy Bitcoin—despite CEO Jamie Dimon’s long-running skepticism. Revealed at the bank’s annual investor day, this policy adjustment at America’s largest bank shows Wall Street’s growing acceptance of crypto.

Beyond the US, regulatory attitudes are beginning to change worldwide. For instance, an Australian court ruling recently deemed Bitcoin to simply be “money,” potentially exempting BTC from capital gains tax. This move could fuel additional adoption and lead to tax refunds for millions of Australian crypto holders.

This positive sentiment has spilled over into Bitcoin-themed projects like BTC Bull Token (BTCBULL), a new meme coin that aligns its reward mechanism directly with Bitcoin’s price milestones. After crossing $6 million in presale funding, BTCBULL has attracted investors looking for a creative way to leverage Bitcoin’s upside.

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Bitcoin Holds Firm Above $100,000 as ETF Inflows Hit $667 Million in a Day

For nearly two weeks now, Bitcoin has maintained a foothold above the psychological $100,000 level. Far from showing signs of exhaustion, the leading cryptocurrency’s fundamentals are strengthening amid a few bullish developments.

On the macro front, improving economic indicators (such as US inflation numbers) have increased investor interest in all risk assets.

Perhaps, the most important factor is Bitcoin’s high correlation with the NASDAQ 100. As both markets break above their 200-day moving averages, traders are optimistic about BTC’s growth in 2025.

Another bullish catalyst is the asset’s growing institutional backing. On May 19, US Bitcoin spot ETFs recorded a massive $667 million inflow in a single day, marking four consecutive days of net inflows. These funds have gathered approximately $42.44 billion—a clear indication that major fund managers are increasing their BTC exposure.

On the derivatives side, Bitcoin’s open interest (OI) has risen about 8% to over $72 billion over the past day. Importantly, the funding rate is sitting near 0.0065%, which is much lower than the 0.024% we saw back in January when Bitcoin last hit $109,000.

In simple terms, this suggests that healthy factors support the recent BTC rally, as it’s less driven by excessive leverage and more by solid spot demand.

Looking at the bullish momentum, popular analyst The Crypto Monk recently mentioned BTC could easily surpass $110,000 in the near term.

This optimistic outlook is energizing not only Bitcoin itself but also adjacent projects like BTC Bull Token, which plan to capitalize on BTC’s momentum.

BTC Bull Token Raises $6 Million as Investors Bet on Bitcoin’s Rally

Savvy investors understand that projects building around Bitcoin could see an even higher upside during a full-fledged bull run. This is why they’re backing BTC Bull Token (BTCBULL), which has already pulled in more than $6 million via its presale.

BTC Bull Token is the first crypto project to reward its holders with actual Bitcoin airdrops as BTC reaches predetermined price points like $150,000 and $200,000. By simply holding BTCBULL, investors will automatically receive free BTC airdrops proportional to their token balance once those milestones are reached.

When Bitcoin hits $250,000 for the first time, BTCBULL holders will receive additional exclusive BTCBULL token airdrops.

Notably, automatic BTCBULL token burns are also set to activate when BTC reaches $125,000, $175,000, and $225,000 for the first time.

BTCBULL is currently available through the presale for $0.00252 until the current round sells out or the next scheduled phase begins. Investors who want to earn extra passive income while waiting for Bitcoin’s fresh all-time highs can stake their BTCBULL tokens for up to 68% APY.

For those who believe in Bitcoin’s long-term upward trajectory, BTCBULL offers an innovative approach to riding its growth potential through a structured rewards system.

Visit BTC Bull Token Presale

This publication is sponsored. CryptoDnes does not endorse and is not responsible for the content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any action related to cryptocurrencies. CryptoDnes shall not be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned.

Nikolay Kolev

Nikolay is a crypto enthusiast, with a keen interest in emerging technologies and investment strategies. He holds active positions across various crypto exchanges, regularly analyzing and investing in promising new projects and meme cryptos. Nikolay is known for his ability to take calculated risks and extract value from unconventional investments, with his highest return being 13X with the $PEPE token. His investment philosophy includes a strategic approach focused on long-term growth, supported by in-depth research of market trends and innovations in crypto and blockchain technologies. Niki actively monitors global market changes and has a deep understanding of cryptocurrency mechanisms and their potential for development.