Bitcoin and gold have both seen price increases amid rising concerns over Japan's national debt, with gold hitting $3,320 per ounce. As of May 21, Bitcoin was pushing towards a target of $108,000, influenced by corporate buying and the latest market dynamics. Analysts noted a surge in Japanese Government Bond yields, which has unsettled global investors and contributed to market volatility. However, there are warnings of potential bearish trends, with some traders pointing out multiple bearish divergences in Bitcoin's relative strength index. Concerns about the sustainability of recent gains persist, particularly with reports suggesting significant buyers might be retreating. Nevertheless, bullish projections for Bitcoin persist, with targets as high as $220,000 for 2025, contingent on breaking all-time highs. The overall sentiment remains cautiously optimistic, with expectations that new highs may draw retail investment, bolstering prices further.

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