Bitcoin may be on the edge of a breakout, as the highly anticipated Bitcoin 2025 Conference kicks off May 27 in Las Vegas. While traders set their sights on a potential all-time high near $135,000, one critical support level could decide everything.
Analyst CrypNuevo warns that if Bitcoin loses this zone, a sharp drop to the $100K mark might follow. Here’s what’s happening with Bitcoin’s chart right now.
Retesting Support: A Bullish Flip in Action
According to CrypNuevo, Bitcoin has successfully flipped a former resistance level into support, a promising structure known in technical analysis as an R/S (resistance/support) flip.
This move is crucial because holding this level could keep the bullish momentum alive. If Bitcoin manages to stay above this level in the next few days, it could climb even higher.
At the same time, well-known crypto expert Wise Advice believes that if Bitcoin follows the movement of the money supply (M2), its price could rise by about 24%, reaching $135K by July.
Liquidation Zones Hint at $115K Target
Looking at longer timeframes, CrypNuevo points out a cluster of liquidations between $112K and $114K. These areas tend to attract price movement, especially since they are above Bitcoin’s recent highs.
If Bitcoin can break through this zone, a rise to $115K, a new all-time high, might happen.
This level also matches where many traders’ long leveraged positions could be forced to close, which might speed up the price jump.
Key Support Test Around $106K
However, the short-term picture tells a slightly different story. There’s some liquidation pressure around $105,700, which suggests the price may dip and retest support near $106,000. If Bitcoin holds that level, it could offer a fresh and more favorable entry point for traders.
However, if $106K fails, the price could fall further to the psychological $100K level. CrypNuevo notes this dip could shake weak hands but might also attract long-term buyers.
As of now, Bitcoin is trading around $$109,700, reflecting a slight rise in the last 24 hours, with a market cap hitting $2.18 trillion.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see how Bitcoin (BTC) is faring against public companies, precious metals, and ETFs (exchange-traded funds) on metrics of total assets by market capitalization. The pioneer crypto is proving formidable, taking the stage as a tech stock proxy to ‘dynamic hedge’ against equities and US Treasury risk.
Bitcoin Surpassed Google in Market Cap
Amidst renewed optimism, Bitcoin has surpassed Google, effectively joining the top five assets on market cap metrics.
According to data on companiesmarketcap.com, which tracks over 10,436 firms, Bitcoin is now the fifth most valuable asset after GOLD, Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA). As of this writing, it boasts a market cap of $1.86 trillion.
This growth comes as Bitcoin progressively gains attention as a hedge against traditional finance (TradFi) and US Treasury risk, which aligns with the most recent US Crypto News publication. As BeInCrypto reported, experts say Bitcoin’s number one purpose in a portfolio is to hedge against risks to the existing financial system.
In contrast, Gold is losing appeal after recently establishing a new all-time high (ATH). While President Trump’s tariffs catapulted Gold to new heights, there appears to be a capital rotation as investors’ appetite for risk grows.
“Bitcoin has surged past the prior $88,800 technical ceiling, clearing the psychological $90,000 mark to trade at an eye-watering $93,500. Meanwhile, Gold has slid 6 percent, reflecting a renewed appetite for risk and a clear rotation into digital assets,” QCP Capital analysts said.
According to analysts, institutions are no longer testing the waters of crypto. Instead, they are diving in headfirst. Based on this outlook, BeInCrypto contacted Standard Chartered Head of Digital Assets Research Geoff Kendrick, who forecasted a new ATH for Bitcoin price.
Standard Chartered Reiterates Next Bitcoin ATH
According to Kendrick, the increasing 10-year US Treasury term premium, now at a 12-year high, correlates with an increase in Bitcoin price. The term premium is the additional yield investors demand to hold a long-term bond instead of a series of shorter-term bonds.
“While correlations vary over time, the relationship between Bitcoin and the term premium is pretty solid, especially since the start of 2024. This relationship shows that Bitcoin has lagged the term premium increase in recent weeks,” Kendrick told BeInCrypto.
According to the analyst, this lag likely reflects the previous narrative that tariffs are hurting tech stocks and Bitcoin trading, such as Mag7 stocks.
“This could be what is needed for the next all-time high, and on that, I reiterate my current forecasts for Bitcoin, of 200k end-2025 and 500k end-2028,” he added.
As Bitcoin acts as a dynamic hedge, it remains to be seen whether it can flip Nvidia this quarter. Nevertheless, Kendrick does not rule it out, acknowledging that dominant narratives change and Bitcoin serves several purposes in portfolios.
The push to advance the digital currency ecosystem has taken a new twist. Reps. Tom Emmer and Ritchie Torres have introduced a new blockchain and crypto regulation bill directed at developers. Dubbed the Blockchain Regulatory Certainty Act (BRCA), this bill is the second time it will be introduced in Congress and clarifies the definition of money transmitters, which concerns developers. The BRCA Blockchain Bill: Key Highlight This bill aims to establish that developers who do not custody user funds are not money transmitters. Notably, it provides the necessary legal clarity to position the United States as the top hub for developers. “If you don’t custody consumer funds, you aren’t a money transmitter. Plain and simple,” Congressman Emmer said in an official statement. “The longer we delay this commonsense clarification, the greater the risk that this transformative technology is pushed overseas, harming American investors and innovators.” Providing more context, the lawmaker… Read More at Coingape.com
Wunder.Social, a British startup, scooped up $50 million to tackle the social media mess with blockchain. Rollman Management took point on the funding, the largest for a UK platform in 2025, with a pack of other investors riding along. The plan’s to kill off bots, dial down the nonsense, and toss users a cut of ad revenue via a token launch in April 2025. They’re aiming at a $200 billion industry, and they’ve got a hefty stack of cash to play with.
CEO Jay Boisvert isn’t subtle—he says social media’s a disaster zone: fake profiles, zero trust, and endless noise. His solution’s blockchain, locking in real identities and splitting the profits with the crowd. He’s framing it as a full overhaul, not some half-baked patch, insisting it’ll restore real conversation online. It’s a tall order, and startups have a habit of overselling these grand fixes.
This is happening at a time when apart from bots, top AI trading bots are also gaining mass popularity at a global level.
Victor Rollman, the money man at Rollman Management, labels it a “movement,” not just another app. With $50 million in the pot, they’ve got the fuel to either make waves or sink fast. They’ve brought in Ryan Martin, who ran marketing at TikTok, as CMO to push the story. Martin says the sector’s desperate for something new. Sure, but desperation doesn’t mean this’ll work—he didn’t reinvent TikTok, just cashed its checks.
More details here
The crypto piece is the kicker. A Token Generation Event in April ties user rewards to what they’re calling “ecosystem growth,” whatever that turns out to mean. It’s a $50 million bet that people will bite—and that Wunder can pull it off without tripping over itself. Social media’s a goldmine; if they carve out a niche, they might have something. If they don’t, it’s a pricey lesson in blockchain hype.
This isn’t uncharted territory—others have swung at rebooting social platforms and hit the wall. Wunder’s got the funding, a slick pitch, and a deadline. They’re leaning hard on the blockchain angle, which sounds good in a press release but gets murky in practice. Investors are sold; the proof’s in execution. Come April, we’ll know if it’s a contender or just another overfunded dreamer. Until then, it’s all talk—and $50 million’s worth of it.
Conclusion
Wunder.Social has the cash, the crew, and a bold plan to fix social media’s chaos with blockchain. Whether it’s a revolution or just another expensive experiment hinges on April’s token launch. For now, it’s big talk—and a bigger bet.
