The crypto market today has continued its bullish trajectory as investor sentiment grows bullish. The global crypto market cap at press time is up +1.23% at $3.44 trillion, with a 24-hour trading volume of $102.33 billion. The sentiment is justified by the Fear & Greed Index, which reads a greed score of 69. Bitcoin dominance surges to 63.3%, underlining Bitcoin price outsized role in the current market dynamic.
Bitcoin price today is at $109,549.62, gaining a healthy 6.56% in the past 7 days. With a market cap of $2.17 trillion and a daily trading volume of $47.14 billion. It has traded in the range between $106,683.37 and $109,854.53, with bulls holding the upper hand.
The growing numbers in Bitcoin could be catalysed by the institutional flows, primarily through spot ETFs. As shown in the latest chart from Ecoinometrics, ETF flows are now directly modeling BTC’s behavior. The actual BTC price is approaching the model forecast of $115,000, with $120k becoming an increasingly realistic target.
Adding to the bullish narrative, popular crypto analyst Doctor Profit recently posted a compelling technical analysis on X. He highlights a Golden Cross signal, an event with an 87.8% historical accuracy on higher timeframes, which has now flashed for the third time in two years. Past instances of this signal saw:
Now, May 2025 marks a fresh Golden Cross at $110K, potentially signaling the start of another major leg up. Historically, such rallies average 3.5%–8.5% weekly growth over 3–5 months. Based on this trajectory, BTC could be well on its way to Doctor Profit’s forecast range of $117K–$120K, with $113K identified as the next key liquidity level, just 6% from the current price.
Read our Bitcoin (BTC) Price Prediction 2025, 2026-2030 for long-term price targets!
The price of 1 BTC today is at $109,549.62, with an intraday gain of 1.32%.
Given the strong institutional demand, the recent Golden Cross, and the current momentum, $113k is within reach for this week.
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