As the curtain falls on May, the crypto stage is set for a grand finale, with the audience buzzing in anticipation. The crypto cosmos is not just a digital playground; it’s a burgeoning reality, and the sentiment is as bright as a summer day! ☀️
Today, the crypto realm boasts a staggering valuation of $3.3 trillion. Bitcoin, that elusive digital gold, has not only danced up by over 12% this month but has also waltzed into a new all-time high of approximately $111,970. Bravo! 👏
Meanwhile, the fear & greed index is strutting around with a score of 61, flaunting its greed like a peacock. The Altcoin Season Index, however, is a bit shy, lingering at 18/100, hinting that it’s still Bitcoin’s time to shine. Will our dear Bitcoin keep climbing next month? Stay tuned for the market sentiments, on-chain analysis, and the crystal ball predictions for June 2025!
Bitcoin’s On-chain Analysis
As of this fine Friday, May 30, the Bitcoin Network is buzzing with 22.29 million active addresses, poised to cross the 23 million threshold. That’s a 5% leap from April’s 21.95 million. Talk about a digital renaissance! 🎉
In May, the Bitcoin ETF had a busy social calendar with 20 trading days, only stumbling on 3 of them. With 16 days of positivity and one neutral day, the total inflow reached a whopping $10,309.98 million, while the outflow was a mere $540.43 million. Not too shabby, eh?
Thus, the net flow of the BTC ETF for May was a dazzling $9,769.55 million, marking it as one of the most successful trading months for Bitcoin this year. Who knew finance could be this thrilling?
Bitcoin Price On Crossroads, What Awaits Ahead?
On May 22, Bitcoin hit a new all-time high of around $111,970, igniting a bullish frenzy in the crypto community. With a market cap of $2.09 trillion, it’s still strutting its stuff among the top 10 global assets, holding a crypto dominance of 63.215%. Go Bitcoin! 💪
However, the Relative Strength Index (RSI) seems to be playing hard to get, failing to stay above the overbought range. The average trendline is taking a dip toward neutrality, hinting at a potential storm on the horizon. 🌩️
The Moving Average Convergence Divergence (MACD) is waving a red flag, showing increased bearish action and selling pressure. The red histogram is on the rise, suggesting a possible downward trend in the first week of June. Buckle up!
Will BTC Price Go Up Again?
If the bulls gather their strength, we might just see Bitcoin retest its ATH of $111,970. And if the bullish vibes intensify, we could be looking at a price target of $120,000 in June. Fingers crossed! 🤞
But beware! If the bears take charge, Bitcoin might find itself back at its immediate support of $100,000. If the bulls can’t muster their strength, we could see a plunge to a monthly low of $95,000. Yikes! 😱
In a recent tête-à-tête with The Crypto Times founder Hardik Katariya, MEXC COO Tracy Jin shared her thoughts: “If the conditions are right, Bitcoin could reach $120,000 to $150,000. But remember, it’s all about the journey, not just the destination!” Wise words indeed!
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2025-05-30 22:13