Date: 2025-05-21
Key points:Bitcoin made a new all-time high, but the bulls will have to sustain the higher levels for the momentum to pick up.Several altcoins have bounced off their respective support levels, signaling a positive sentiment.Analysts expect Bitcoin to maintain its positive momentum and surge above $200,000 by the end of the year.Bitcoin (BTC) rose to a new all-time high on May 21 on easing macroeconomic fears and continued inflows into the US-based spot Bitcoin exchange-traded funds. Analysts expect the momentum to continue and Bitcoin to surge to $200,000 by the end of the year.There are some murmurs among analysts about a bearish divergence, leading to a double-top pattern. However, private wealth manager Swissblock Technologies said in a ...
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