NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

It’s “Only Up” Season for Bitcoin as BNY Melon News Sends BTC to New Highs

Cole Petersen
Cole Petersen
1 year ago
2 mins read
Bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

  • Bitcoin has been caught in one of the strong uptrends seen since its parabolic rally first began in late-2020
  • The cryptocurrency has been seeing tremendous growth as of late that has come about primarily as a result of multiple signs of mainstream adoption
  • Examples of this include Tesla’s decision to add $1.5b worth of BTC to their balance sheets, as well as the auto company enabling BTC payments for their vehicles
  • Today, the Bank of New York Mellon also announced intentions to begin adding some support for Bitcoin custody
  • This news was looked upon positively by the crypto market, as it helped send Bitcoin’s price to fresh all-time highs of $48,400

Bitcoin has been gaining massive retail and institutional adoption throughout the past few months, which has made its parabolic growth feel more sustainable than that seen in previous years.

Tesla, Square, MicroStrategy, and other major publicly traded companies have all added BTC to their balance sheets, which may create a frenzy amongst different companies to follow in their footsteps and do the same.

This intense buying pressure has helped create some underlying strength for the benchmark crypto from a technical perspective. One trader is now watching for further upside, noting that it is “up only” season.

Bitcoin Struggles to Break $50,000, But Momentum Remains Strong

At the time of writing, Bitcoin is trading up over 5% at its current price of $47,250. This marks a massive surge from the cryptocurrency’s recent lows of under $44,000 that were set last night.

Although BTC faced a rejection at $48,000 and has been sliding lower ever since it still appears to be technically strong, and it may only be a matter of time before the crypto breaks the $50,000 level that everyone is keenly watching.

Analyst: It’s “Up Only” for BTC Until Proven Otherwise

While sharing his thoughts on where Bitcoin might trend in the mid-term, one analyst explained that he is closely watching for further upside, with a key support level that must be maintained sitting at $41,000.

“BTC: Broke its range to the upside, now consolidating above it. Up only till proven otherwise continues. ‘Otherwise’ being a break back into the old range. Additional confluence due to the Tesla news being right below the range high making it even more important.”

Bitcoin

Image Courtesy of DonAlt. Source: BTCUSD on TradingView.

The coming few days should shed some serious light on where Bitcoin will trend next, as its reaction to $50,000 will be vital for determining its mid-term outlook.

Featured image from Unsplash.
Charts from TradingView.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Bitcoin Stalls After Rally: Will It Blast Through $125,000 Or Slip Back To $110K?

After a powerful breakout last week that pushed Bitcoin into a new all-time high of $118,667, the world’s leading cryptocurrency...

Scott Matherson 13 hours ago
Bitcoin

Kiyosaki Awaits The Next Bitcoin Sale: ‘My Fellow Pigs And I Are Feasting’

Robert Kiyosaki, author of “Rich Dad Poor Dad,” stepped back into the Bitcoin market with a bold move. According to...

Christian Encila 14 hours ago
Ethereum

Ethereum Breaks Critical $2,800 Level — Can Bulls Hold For Major Rally?

Popular market analyst with X username Daan Crypto has provided an important insight into the Ethereum market, stating the altcoin...

Semilore Faleti 17 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin Price Attempts a Comeback

Bitcoin Price Hits $120K Milestone — Bulls Make History Again

Aayush Jindal 2 hours ago
Bitcoin price news

Bitcoin Price Crash Possible As Correction Sentiment Takes Hold — $110,000 Next?

Scott Matherson 3 hours ago

Arthur Hayes預測怪獸級山寨幣風暴來襲!哪些冷門項目有望暴漲1000倍?

Mark Mak 7 hours ago

Premium Sponsors

Press Releases

  • Mint

    Zak Manhire Launches Mint. io: A Web3 Gaming Platform...

    1 hour ago
  • アルトコイン急騰の今買うべき仮想通貨プレセール

    ...

    16 hours ago
  • 仮想通貨おすすめ|強気市場で爆発的成長が見込まれる注目のミームトークン

    ...

    16 hours ago
  • BTC最高値更新の中で注目される新たなレイヤー2プロジェクトが狙う仮想通貨1000倍の可能性

    ...

    16 hours ago
  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    2 days ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.