Bitcoin reached a new all-time high of $109,458 on May 21, showcasing strong bullish momentum with seven consecutive weekly candles since April. Analysts predict price targets for BTC to range between $135,000 and $320,000 in 2025. The market cap and realized cap also achieved new highs of $2.17 trillion and $911.5 billion, respectively. Key trader insights suggest that while bullish momentum is high, caution is advised due to significant leverage zones that might trigger liquidations. Peter Brandt noted that new all-time highs are typical in bull markets, targeting a possible range of $125,000 to $150,000 by the end of August. In contrast, Gert van Lagen forecasts a significant rally towards $300,000 to $320,000, referencing a bullish breakout pattern. Analysts emphasize the need for risk management to navigate potential market traps as investor enthusiasm peaks.

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