Bitcoin reached a new all-time high of $109,458 on May 21, following seven consecutive weeks of positive price movement. Analysts project price targets for Bitcoin ranging between $135,000 and $320,000 in 2025, supported by Fibonacci extension analysis. With its market cap hitting $2.17 trillion and realized cap reaching $911.5 billion, the bullish trend appears strong. However, caution is advised as BTC heatmaps indicate high-leverage zones that could lead to trigger liquidations. Veteran trader Peter Brandt noted that new all-time highs are common in bull markets, suggesting a potential top between $125,000 and $150,000 by August. Gert van Lagen predicts a breakout from a bullish Megaphone Pattern could result in Bitcoin reaching $300,000 to $320,000. It's crucial for investors to manage risks and not become complacent in this euphoric market phase. Investors should remain vigilant, as both bullish and bearish traps may emerge amid the rising price excitement.

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