Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

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

Source Tradingkey

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

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Ripple (XRP) Price Sees a Surge, Solana Targets $600 in 2025 as Investors Increase Focus on New Altcoin The cryptocurrency market is showing renewed momentum as Ripple (XRP) experiences a significant price surge, and Solana (SOL) sets its sights on a bold $600 target by 2025. Meanwhile, a rising altcoin, Lightchain AI, is capturing investor attention with its innovative ecosystem and strong presale performance, making it a compelling choice for forward-looking investors. Ripple […]

Author Cryptopolitan

Jan 15, Wed

The cryptocurrency market is showing renewed momentum as Ripple (XRP) experiences a significant price surge, and Solana (SOL) sets its sights on a bold $600 target by 2025. Meanwhile, a rising altcoin, Lightchain AI, is capturing investor attention with its innovative ecosystem and strong presale performance, making it a compelling choice for forward-looking investors. Ripple […]

What Crypto Whales are Buying For May 2025 Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).

Author Beincrypto

Apr 21, Mon

Crypto whales are making bold moves heading into May 2025, and three tokens are standing out: Ethereum (ETH), Artificial Superintelligence Alliance (FET), and Onyxcoin (XCN).

Ethereum Price Ready to Surge—$2,000 Level Could Be Within Reach Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.

Author NewsBTC

May 08, Thu

Ethereum price started a fresh increase above the $1,800 zone. ETH is now rising and attempting a move above the $1,850 resistance. Ethereum started a fresh recovery wave above the $1,820 resistance.

Ethereum Price Explodes Past $2,200 with 25% Surge—Momentum Builds Fast Ethereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.

Author NewsBTC

May 09, Fri

Ethereum price started a fresh surge above the $2,000 zone. ETH is now up over 25% and consolidating gains near the $2,200 zone. Ethereum started a fresh surge above the $2,000 resistance.

Solana Price Forecast: SOL flashes bearish signals, risks double-digit crash Solana (SOL) price shows early signs of a potential breakdown as it trades lower at $165.40 on Monday. SOL is approaching a key support level that could determine its next major move. Technical indicators flash red, and bearish sentiment intensifies, with short positions hitting a monthly high.

Author FXStreet

23 hours ago

Solana (SOL) price shows early signs of a potential breakdown as it trades lower at $165.40 on Monday. SOL is approaching a key support level that could determine its next major move. Technical indicators flash red, and bearish sentiment intensifies, with short positions hitting a monthly high.

Popular Symbols