TL;DR
- One BTC metric just hit a new all-time high, and no, it’s not my blood pressure from checking prices.
- Analysts are dreaming of $120K, but with RSI flirting with 70, a correction might be knocking at the door like an overzealous Girl Scout.
Not the Peak the Bulls Expected
So, Bitcoin (BTC) just had a wild ride, hitting a historical peak of almost $112,000 on May 22. But now it’s chilling at just over $107,000, which is still a 53% increase year-over-year. Not too shabby, right? 🎉
And guess what? The number of BTC holders is skyrocketing, reaching a new all-time high of 55.39 million. That’s more people than at a Taylor Swift concert! This is a good sign, folks—more adoption means more demand for our beloved digital gold.
As crypto markets try to rally like it’s the end of a work week, here’s the scoop on top holders:
Ethereum $ETH: 148.38M Holders
Bitcoin $BTC: 55.39M Holders
Dogecoin $DOGE: 7.97M Holders
Tether…— Santiment (@santimentfeed) June 6, 2025
Bitcoin Price Targets
We’ve seen BTC’s price rally lately, but is there more room for growth? According to some analysts who probably have crystal balls, yes!
Captain Faibik, a user on X, thinks BTC could soar to over $113,000 if it breaks the resistance level of $105,700. Sounds like a plan, right?
CryptoBullet also chimed in, saying BTC’s recent bounce above $107,000 means it’s “ready to go higher.” They’re eyeing a target of $119,000. Fingers crossed! 🤞
But hold your horses! Investors should keep an eye on Bitcoin’s Relative Strength Index, which is getting cozy with 70. This could mean the asset is about to take a breather, like me after a long run to the fridge.
On the flip side, ratios below 30 are considered bullish, suggesting a rally might be on the horizon. So, let’s keep our eyes peeled and our wallets ready!
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2025-06-09 15:00