- Bitcoin (BTC) will trade above $111,400 in new bullish momentum and above $112,000.
- The strategy, which was previously MicroStrategy, announced plans to buy up to $2.1 billion at BTC.
- The company’s plans and overall market outlook are boosting the bull.
Bitcoin (BTC) has once again risen above $111,000 after a brief retreat from an all-time high.
The top code traded at $111,486 at the time of writing and reached shortly after the $111,861 ATH on Wednesday.
The daily range included revisiting prices below $111K, but the announcement of the previous micro-tactics, Strategy, appears to have injected a fresh drive into the Bitcoin Bulls.
With the BTC approaching 111.5k, bullish emotion could see it lined up in another explosive run.
This comes after Michael Saylor’s strategy revealed plans to buy additional BTC worth $2.1 billion.
On May 22, 2025, the Strategy disclosed the intended BTC purchases in a prospectus supplement submitted by the company to the regulator.
The filing shows that Saylor’s publicly available company will issue 10.00% Series A permanent preferred shares of up to $2.1 billion and use revenue to add them to their Bitcoin strategy. Funds also go into working capital.
“The strategy expects to sell permanent conflict preferred stock in accordance with the ATM program in a disciplined manner over a long period of time, taking into account the trading price and volume of permanent conflict preferred stock at the point of sale.
Bitcoin price forecast
Crypto investor and analyst Scott Melker posted on X that Bitcoin had just completed its “golden cross” between the 50-to-200-day moving average.
He shared a chart showing potential BTC price pumps.
“This is the third since the second half of 2023. As you can see, each one was preceded by the ‘Crucifix of Death’. “Each golden cross led to parabolic advances.”
This is the All Street Post Wolf, aka Wolf, Scott Mercer, with Bitcoin Price Chart.
$ BTC Daily
Bitcoin completed the “golden cross” between 50 Ma and 200 Ma.
This is the third since the second half of 2023.
As you can see, in front of each one there was a “Crucifix of Death.” This was always a delayed signal at the bottom.
Each golden cross led to parabolic advances, pic.twitter.com/mpzxmkv1go
– Wolf of All Street (@scottmelker) May 22, 2025
After hitting a high of over $110K, analysts are bullish that BTC’s next target could be $120,000 by the end of the second quarter.
Standard Chartered forecasts to run to $20 million by the end of the year, but profits could potentially exceed the Bitcoin price by 2029.
BTC’s Tailwinds corner could be a “massive liquidity boom” that says Bitcoin Maxi Fred Kreuger was quickly on the market.
We are heading towards a massive liquidity boom.
At the end of the day, you’ll have a pivot away from Doge. There is no “cutting”. “Print” only.
Bitcoin experienced this only once – in 2020. However, this time it could be even more explosive.
– Fred Krueger (@dotkrueger) May 22, 2025
Bitcoin prices have risen by more than 4% in the last 24 hours and have risen by more than 25% in the past month.