Bitcoin 'blow-off top' set at $128K with new all-time highs in sight

Date: 2025-05-21

Key points:Bitcoin tags $108,000 for the first time since the day of its current all-time highs in January.Traders and analysts mention support extending toward $90,000, but the probability of a retest is fading.Near-term upside targets include a “blow-off top” at $128,000.Bitcoin (BTC) spiked to more than $108,000 on May 21, marking new four-month highs. Where will BTC/USD go next?Crypto traders and analysts are lining up their forecasts with BTC price action less than 1.5% away from new all-time highs.BTC price support test now “less likely”Bitcoin continues to coil below what is now its most significant psychological resistance barrier, January’s all-time highs.BTC/USD 1-day chart. Source: Cointelegraph/TradingViewAt $109,356 on Bitstamp...

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