Bitcoin (BTC/USD) is up big, hitting $111,888 on May 21—just 1.3% off the January 2025 high of $113,369. The move is being driven by institutional activity, particularly in futures, where open interest has hit a record $72 billion. That’s 8% higher over the last week, which means big players are getting directional.
Over $3 billion in short positions are concentrated between $107,000 and $108,000, which is now a liquidation cluster. If Bitcoin breaks $113,369, it could trigger a short squeeze and send price parabolic.
“$108K flipped resistance into support. This structural shift could accelerate price discovery into the $117K-$120K range,” a senior derivatives analyst said.
Key support has moved up to $108,000, which was previously resistance. This reassignment of support levels means more confidence in the market and is bullish in the short term.
Golden Cross Formation Signals Potential Breakout Above $110,000
The technical analysis indicators are even more bullish with a golden cross coming on the daily chart. The 50-day exponential moving average (EMA) is closing in on the 200-day EMA—an event that has historically led to big upside.
- Golden cross has preceded 45-60% gains in past BTC cycles
- A close above $110,000 would be a 17% May gain
- Current monthly performance is nearly double the 10-year average of 9.2%
If Bitcoin holds these levels into month-end, May could be the strongest month since 2019. That would be more evidence of demand and set up for fresh inflows into the second half of the year.
Bitcoin Key Levels: $113K Resistance, $117K-$120K Target
From a price structure standpoint, Bitcoin is still in a steep ascending channel that started in early April. The MACD histogram is still bullish but is flattening out—a sign that the move may need a consolidation phase before it extends.
Resistance is at $113,369. A daily close above that would be a breakout and open up $117,141 and $120,913. If rejected, we could see a retest of the $108,000 breakout zone, which would be a re-entry point for trend followers.
- Resistance zones: $113,369 → $117,141 → $120,913
- Support zones: $108,000 → $106,500
- Technical signal to watch: Spinning top or rejection candle near $113K
Short term momentum may pause at resistance but overall structure is still bullish as long as price is above $106,500 and the channel midline.
BTC Bull Token Nears $6.98M Cap as 71% Staking Yield Drives Demand
As BTC holding near $104K, investor focus is shifting toward yield-generating altcoins—none more so than BTC Bull Token ($BTCBULL). The token has now raised $6.06 million out of its $6.98 million presale goal, with a price increase looming as it enters its final funding stretch.
What sets BTCBULL apart is its flexible staking model, offering an estimated 71% annual yield with no lockups or withdrawal penalties.
This approach gives investors the freedom to earn passive income while maintaining full liquidity—an attractive alternative to traditional DeFi staking protocols.
Key Stats:
- USDT Raised: $6,062,795/ $6,981,682
- Token Price: $0.00252
- Staking Pool: 1.47B BTCBULL
- Yield: 71% APY
BTCBULL merges the viral appeal of meme tokens with the real-world utility of DeFi, making it a standout pick for those looking to capitalize on the 2025 crypto cycle.
With under $1 million left before the next price tier, entry at current levels is limited—fueling urgency among retail investors seeking early access to passive yield.
The post Bitcoin Price Prediction: Record $72B in Futures Open Interest — Here’s Where BTC Could Be Headed Next appeared first on Cryptonews.
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