Bitcoin Price Just Made History, but What Happens Next?

Bitcoin Soars to New Heights, Shattering Previous Records

Bitcoin experienced a historic surge in May 2025, reaching a monthly record high of $104,591 before climbing even further to set an unprecedented all-time high of $111,980. This remarkable performance cements Bitcoin's status as this year's top-performing asset.

The price chart reveals a dramatic breakout story. After trading between $70,000 and $90,000 earlier in the year, BTC decisively broke through resistance in Q2 with unstoppable momentum. The once-elusive $100,000 threshold has now transformed into a solid support level.

Currently, the $104,000-$106,000 range provides short-term support, while $111,980 marks the upper resistance. Market watchers are keenly observing whether this level will hold as we transition into June.

Macroeconomic Factors at Play

Trade policy developments added complexity to May's market dynamics. The U.S. administration's proposed tariffs on EU goods - though delayed and facing legal hurdles - could become a significant market catalyst when revisited on July 9. The outcome may either bolster Bitcoin or create headwinds for risk assets.

On-Chain Metrics Show Strength

Blockchain data continues to demonstrate robust network activity:

• Nearly 18,800 large transactions (worth $100,000+) occurred in May - the highest volume since January
• Exchange outflows remain strong, with over 147,000 BTC withdrawn year-to-date
• Long-dormant coins are showing signs of movement, indicating changing holder behavior