Bitcoin Set for Potential Bull Run to $109K
- On-chain data shows increased BTC accumulation by holders.
- Technical indicators suggest a bullish trend.
- Resistance expected near $99,900 could impact growth.
Bitcoin’s market, currently in mid-May 2025, shows promising recovery signals with the cryptocurrency trading around $97,000 and aiming for previous highs.
Bitcoin’s resurgence could impact market confidence and investment patterns as analysts note increased interest from long-term and short-term holders.
Recent data highlights renewed market confidence as both long-term and short-term holders significantly increase their Bitcoin holdings. This shift has been particularly notable since March 2025. Experts highlight the importance of these trends as indicators of potential growth.
“This indicates that a certain level of confidence has returned, and the pressures of accumulation are surpassing the tendency for investors to liquidate and mitigate risk.” — Glassnode Analyst, Glassnode
Long-term holders have amassed over 250,000 BTC since March 2025, currently holding more than 14 million BTC. Short-term holders also show renewed acquisition interest, adding over 25,000 BTC recently. These changes could support market stability.
Bitcoin’s growth could affect other financial sectors owing to its market influence. An increase in Bitcoin ETF inflows and accumulation of reserves indicate a wider acceptance. Recent recovery from past tariffs further boosts this outlook.
Forecasts suggest Bitcoin might reach $109,575 by early June, a 16.23% rise from current values. However, potential profit-taking near the $99,900 resistance could create hurdles as investors await further developments in market dynamics. According to Market Analyst, CryptoRank, “Bitcoin could potentially reach $109,575 by June 5, 2025, representing a projected increase of 16.23% from current levels.”
Market dynamics like accumulation trends and technical patterns may shape Bitcoin’s future. The “golden cross” pattern, often a bullish indicator, and resistance points might affect this trajectory. Analysts emphasize continued vigilance to navigate potential fluctuations.
