Bitcoin Battle Heats Up! 21Shares Predicts a Surge to $138,500

TradingKey

05-20

TradingKey – Bitcoin’s fierce bull vs. bear showdown intensifies around $106,000, as 21Shares analysts forecast a new all-time high.

On Tuesday, May 20, Bitcoin (BTC) demonstrated strong momentum, rebounding above $106,000 and fully recovering yesterday’s losses, signaling an intense battle between bulls and bears.

Bitcoin Price Chart – Source: TradingView.

Yesterday, BTC saw a 4% intraday fluctuation, briefly dropping to $102,000 before bouncing back. Now, Bitcoin is approaching its January 20, 2025 high of $110,000, a crucial resistance level.

Matt Mena, a research strategist at 21Shares, stated: "Bitcoin is on the verge of a major breakout."

Mena further predicted Bitcoin could climb to $138,500, citing key drivers:

- Institutional capital inflows

- Historic supply crunch

- Improving macroeconomic conditions

Find out more

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Now, Bitcoin is approaching its January 20, 2025 high of $110,000, a crucial resistance level.  </span></p><p dir=\"ltr\"><span>Matt Mena, a research strategist at 21Shares, stated:  \"Bitcoin is on the verge of a major breakout.\"</span></p><p dir=\"ltr\"><span>Mena further predicted Bitcoin could climb to $138,500, citing key drivers:  </span></p><p dir=\"ltr\"><span>- Institutional capital inflows  </span></p><p dir=\"ltr\"><span>- Historic supply crunch  </span></p><p dir=\"ltr\"><span>- Improving macroeconomic conditions  </span></p><p>Find out more</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTC","symbol_name":"Grayscale Bitcoin Mini Trust ETF","start_time":0,"source_url":"https://www.tradingkey.com/news/cryptocurrencies/250708176-bitcoin-btc-tradingkey-block-tao","article_id":"2536509706","we_media_id":"1041236214","thumbnails":["https://resource.tradingkey.com/cms_uploads/img/20230904/c920f3d48cef293396d36c6c58137fe6.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536509706","pubTimestamp":1747706941,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"TradingKey","introduction":"Your One-Stop Financial Markets Platform","home_visible":1,"id":"1041236214","head_image":"https://community-static.tradeup.com/news/e2a333e9d84c06e89a63420211f0f9bb"},"summary":" Bitcoin’s fierce bull vs. bear showdown intensifies around $106,000, as 21Shares analysts forecast a new all-time high.  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BTC":"Grayscale Bitcoin Mini Trust ETF","03439":"嘉实比特币","03008":"博时比特币","BK4588":"碎股","BTC.AU":"Btc Health Ltd","BK4585":"ETF&股票定投概念","09439":"嘉实比特币-U","09042":"华夏比特币-U","BK1611":"加密货币现货ETF","BK4594":"比特币ETF概念","IBIT":"iShares Bitcoin Trust ETF","BK4601":"加密货币现货ETF","09008":"博时比特币-U","03042":"华夏比特币"},"translate_title":"比特币战役升温！21Shares预计将飙升至138,500美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03008":1,"03042":1,"03439":1,"09008":1,"09042":1,"09439":1,"BTC":1,"BTC.AU":1,"BTCmain":0.8,"XBTmain":0.8,"IBIT":1},"content_text":"TradingKey – Bitcoin’s fierce bull vs. bear showdown intensifies around $106,000, as 21Shares analysts forecast a new all-time high.  On Tuesday, May 20, Bitcoin (BTC) demonstrated strong momentum, rebounding above $106,000 and fully recovering yesterday’s losses, signaling an intense battle between bulls and bears.  Bitcoin Price Chart – Source: TradingView.Yesterday, BTC saw a 4% intraday fluctuation, briefly dropping to $102,000 before bouncing back. Now, Bitcoin is approaching its January 20, 2025 high of $110,000, a crucial resistance level.  Matt Mena, a research strategist at 21Shares, stated:  \"Bitcoin is on the verge of a major breakout.\"Mena further predicted Bitcoin could climb to $138,500, citing key drivers:  - Institutional capital inflows  - Historic supply crunch  - Improving macroeconomic conditions  Find out more","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}