Bitcoin has seen a significant price increase of over 14% since May 5, reaching $108,000 for the first time since January. Analysts are now speculating potential targets of $140,000 and even $200,000 for 2025. The price surge coincides with a rise in global crypto market capitalization, which surpassed $3.36 trillion. Market participants are keenly observing the potential for Bitcoin to reach new all-time highs, currently trading 2.5% below its previous peak of $109,000. Analysts suggest that breaking this resistance could see prices rise to around $115,000. Some predict that Bitcoin could soar to $200,000 due to increasing dissatisfaction with the dollar's devaluation, with others projecting a top near $215,000 based on historical patterns. Technical analysis indicates a bullish trajectory with a rounded bottom formation, where a closure above $106,000 could pave the way for further gains towards $140,956. With the Relative Strength Index suggesting further upward momentum, analysts are optimistic that Bitcoin could break new highs by the end of the week, driven by accumulation across holder cohorts.

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