News View Non-AMP

Bitcoin Price Hits $109K All-Time High: Is This the Start of a New Bull Run?

Published by
Elena R

Bitcoin (BTC) has just crossed a major milestone, closing last week above $101k and surging by over 3.3% in the last 24 hours to reach a new all-time high (ATH) of around $109,114. This sharp rise signals the start of a fresh parabolic rally, fueled by rising demand from institutional investors—and soon, potentially nation-states.

Let’s dive in and explore the factors behind this rally and what’s likely to happen in the coming days.

Massive Liquidations in the Market

Bitcoin’s rapid price increase after retesting the $100k support level triggered massive liquidations in the leveraged market. In just 24 hours, more than $264 million worth of BTC was liquidated, mainly from long positions. The altcoin market experienced similar volatility, leading to $1.25 billion in forced liquidations, with $911 million coming from long traders.

Institutional Investors Boost Bitcoin’s Rally

Bitcoin’s strong rally is supported by institutional investors who are looking to hedge against global inflation and ongoing economic uncertainty. US spot Bitcoin ETFs, in particular, have seen massive growth in net cash inflows since the beginning of the year.

According to the latest market data, US spot BTC ETFs have seen more than $1.5 billion in net cash inflows year-to-date. As a result, these ETFs now have a total of $38 billion in net inflows and hold a combined $120.95 billion in assets.

Bitcoin’s Technical Outlook: What’s Next?

From a technical analysis perspective, Bitcoin’s price is forming a megaphone structure on the daily chart. After bouncing back from the lower boundary last week, Bitcoin is well-positioned to rally towards the $114k level in the near future.

While the bullish trend is strong, short-term traders should be cautious of a possible “sell-the-news” reaction after tomorrow’s inauguration of Donald Trump. Additionally, Bitcoin may be entering a macro consolidation phase before continuing its bullish momentum.

With institutional demand on the rise and a new ATH on the horizon, Bitcoin’s future looks brighter than ever – but only time will tell how high it can go.

FAQs

How much will 1 Bitcoin be worth in 2025?

As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046.

How much will $1 Bitcoin be worth in 2030?

In 2030, the price of 1 Bitcoin could reach a height of $610,646.

How much would the price of Bitcoin be in 2040?

As per our latest BTC price analysis, the Bitcoin could reach a maximum price of $5,148,828.

How much will the Bitcoin price be in 2050?

By 2050, a single BTC price could go as high as $12,436,545.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Tether Could Lose Its #3 Crypto Spot to XRP – Here’s Why

There’s a storm brewing in the crypto markets, but where you least expect it!  While…

April 29, 2025

Cardone Capital Eyes Bitcoin with Over 1,000 BTC Purchase Plan

Cardone Capital, a real estate investment firm managing $5 billion in assets, is set to…

April 29, 2025

Cardano Price Prediction 2025, 2026 – 2030: Will ADA Price Hit $2?

Story Highlights The live price of the Cardano token is . ADA coin price could…

April 29, 2025

Dogecoin Price Prediction 2025, 2026 – 2030: Will DOGE Price Hit $1?

Story Highlights The price of Dogecoin today is . Dogecoin price may reach a maximum…

April 29, 2025

Celsius Scam News: CEO Alex Mashinsky to Face 20 Years in Prison

Alex Mashinsky, once hailed as a pioneer in the crypto lending world, is about to…

April 29, 2025

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana coin price could reach a potential high…

April 29, 2025