Technical analysis by Fresh-Forexcast2004 about Symbol BTC: Buy recommendation (5/23/2025)

On May 22, 2025, Bitcoin (#BTCUSD) reached a new all-time high, surpassing the $111,000 mark. Notably, this record was set on the day marking the 15th anniversary of Bitcoin Pizza Day - a symbolic date commemorating the first real-world purchase made with #BTCUSD in 2010.Several major factors have contributed to the recent rise of Bitcoin:Institutional Investment: The launch of spot Bitcoin ETFs by BlackRock, Fidelity, and others has opened the door for large-scale investors to access #BTCUSD, boosting both liquidity and demand.Regulatory Clarity: The adoption of clear cryptocurrency regulations in the U.S. and the EU has increased trust in digital assets and attracted more conservative capital.Banking Integration: Support for #BTCUSD by apps like PayPal, Revolut, and major banks has simplified access for millions of users and expanded its real-world usage.Macroeconomic Instability: Inflation, geopolitical tensions, and the weakening of fiat currencies have strengthened demand for #BTCUSD as "digital gold" and a means of capital preservation.Halving and Technological Progress: The reduction in BTC issuance and the ongoing development of the Lightning Network are reinforcing Bitcoin’s scarcity and enhancing its fundamental value.Surpassing such a significant price level has reinforced #BTCUSD’s position as one of the key assets in today’s financial markets, confirming its status as "digital gold." The rally has sparked a wave of optimism and renewed activity on crypto exchanges, while also drawing increased interest in digital assets from the broader public.FreshForex analysts share the view that #BTCUSD still holds significant growth potential. In our assessment, the breakout above $111,000 in May signals a continuing upward trend and the possibility of further gains, driven by growing institutional interest.