Bitcoin’s Wild Ride: Will It Hit $118,000 Before You Finish Your Coffee?

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Ah, Bitcoin! The first and largest cryptocurrency, gallivanting through the digital cosmos like a hyperactive space dolphin. It’s getting closer to its all-time high price point than it has in four months, reaching dizzying heights of $108,050 early Wednesday. 🚀

Now, before you start planning your intergalactic vacation with your newfound riches, Bitcoin had a slight hiccup and erased some of its gains at press time. But fear not! It was still up a respectable 0.72% in the last 24 hours, lounging comfortably at $106,145. Analysts, those ever-optimistic creatures, expect a move higher in the coming days. Because why not? 🤷‍♂️

According to the illustrious on-chain analyst Willy Woo, Bitcoin’s next major move could be faster than a Vogon poetry reading once it hits its all-time high. Woo believes that once BTC decisively breaks its current all-time high, it could skyrocket to $118,000 quicker than you can say “Don’t Panic!”

At current levels, Bitcoin is just a mere 2.71% away from its all-time high of $109,114, which it reached back in January. So close, yet so far! 🎯

“Once BTC properly breaks all-time highs, the move to $118,000 will be very fast.”

— Willy Woo (@woonomic) May 21, 2025

“Once Bitcoin properly breaks all-time highs, the move to $118,000 will be very fast,” Woo tweeted, echoing the growing sentiment in the crypto community that Bitcoin might soon set new all-time highs. Or at least, that’s what they hope while clutching their digital wallets. 💰

Is Bitcoin’s all-time high coming?

On-chain analytics platform Santiment, which sounds like a fancy spa for data, launched a poll asking when Bitcoin will breach the $109,026 all-time high from January 20, 2025. Spoiler alert: the results are in!

A whopping 71.5% of respondents chose the option of “by end of May”; 16% voted for “by end of 2025,” while a brave 3.4% chose “2026 or beyond.” Clearly, optimism is in the air! 🌈

With BTC holding above $100,000 for more than 11 days in a row, some traders believe this is a sign of accumulation and strength at current levels. Or maybe they just really like round numbers. Who knows? 🤔

As the crypto market approaches a staggering $4 trillion market capitalization, some in the crypto community are practically giddy with anticipation that BTC will reach all-time highs in the coming weeks. According to CoinMarketCap, the total crypto market cap currently stands at around $3.35 trillion. That’s a lot of digital coins! 💸

In the coming days, all eyes will be on the emergence of a golden cross on the Bitcoin daily charts, a potential bullish signal that might validate the current market sentiment. Or it could just be a fancy way of saying, “Look! Something shiny!” ✨

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2025-05-21 14:52