{"id":72718,"date":"2025-06-09T11:39:49","date_gmt":"2025-06-09T11:39:49","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=72718"},"modified":"2025-06-09T11:39:49","modified_gmt":"2025-06-09T11:39:49","slug":"bitcoin-btc-hits-a-new-ath-but-its-not-what-you-think","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=72718","title":{"rendered":"Bitcoin (BTC) Hits a New ATH, But It\u2019s Not What You Think"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

One important BTC metric reached a new all-time high, highlighting strong adoption and optimism across investors.<\/span>
\nAnalysts see potential for BTC to hit nearly $120K, but with RSI nearing 70, a short-term correction could be looming.<\/p>\n

<\/a><\/span><\/h2>\n

Not the Peak the Bulls Expected<\/h2>\n

Despite the retreat after hitting<\/a> a new historical peak of almost $112,000 <\/span>on May 22<\/span>, Bitcoin\u2019s (BTC) price has been booming in the past several months. Currently, it is worth just over $107,000, representing a 53% increase on a yearly basis.<\/span><\/p>\n

The bull run coincides with the rising number of BTC holders, which, according to the crypto analytics platform, <\/span>reached<\/span> a new all-time high of 55.39 million. <\/span>The development <\/span>can be interpreted as<\/span> an optimistic sign, as it indicates growing adoption and higher demand for the primary cryptocurrency.<\/span><\/p>\n

As crypto markets attempt to rally at the end of the work week, crypto networks continue to grow over time. Here are the total amount of holders for select top caps:<\/p>\n

Ethereum $ETH<\/a>: 148.38M Holders
\nBitcoin $BTC<\/a>: 55.39M Holders
\nDogecoin $DOGE<\/a>: 7.97M Holders
\nTether\u2026 pic.twitter.com\/wKBXHV0BrF<\/a><\/p>\n

\u2014 Santiment (@santimentfeed) June 6, 2025<\/a><\/p>\n\n

Bitcoin Price Targets<\/span><\/h2>\n

We mentioned BTC\u2019s price rally witnessed in the last months, and now let\u2019s see if there\u2019s more room for growth, at least according to some popular analysts.<\/span><\/p>\n

The X user Captain Faibik recently <\/span>claimed<\/span><\/a> that the valuation could surge to a new all-time high of over $113,000 should it break the resistance level of $105,700.<\/span><\/p>\n

CryptoBullet chipped in, too. They <\/span>noted<\/span><\/a> BTC\u2019s recent resurgence above $107,000, suggesting that the price \u201cis ready to go higher\u201d and set a target of $119,000.<\/span><\/p>\n

On the other hand, investors should keep an eye on Bitcoin\u2019s Relative Strength Index, which neared overbought territory at almost 70. <\/span>This<\/span> signals that the asset\u2019s valuation has increased too rapidly over a short period, which could be a precursor to a correction.<\/span><\/p>\n

<\/a>BTC RSI, Source: Crypto Waves<\/p>\n

Conversely, ratios below 30 <\/span>are considered<\/span> bullish, indicating that the price may <\/span>be headed<\/span> for a rally<\/span>.<\/span><\/p>\n

The post Bitcoin (BTC) Hits a New ATH, But It\u2019s Not What You Think<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR One important BTC metric reached a new all-time high, highlighting strong adoption and optimism across investors. Analysts see potential for BTC to hit nearly $120K, but with RSI nearing 70, a short-term correction could be looming. Not the Peak the Bulls Expected Despite the retreat after hitting a new historical peak of almost $112,000 […]<\/p>\n","protected":false},"author":0,"featured_media":72719,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-72718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72718"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=72718"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/72718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/72719"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}