key points:
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Bitcoin and Gold moved to the “boiling point” amidst a shock on Japan’s debt problem.
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The $ 108,000 Bitcoin is a keen target for bulls amidst the ongoing corporate procurement.
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Some still see the current BTC value coming to a sudden end.
Bitcoin (BTC) On May 21, the Wall Street Open maintained pressure at $ 108,000 as a merchant flagged off the deviation of several recession.
Bitcoin involves gold in Japan debt reaction
data from Cointelegraph Market Pro And Tradingview With the commencement of the US trading session, BTC/USD showed returning to the top of its Intrade range.
After its highest-din closure, BTC/USD faster for rematch with all-time high above $ 109,000.
🚨update: $ BTC History with new records makes daily closed. pic.twitter.com/lszujnjugx
– Cointelegraph (@Cointelegraph) May 21, 2025
The latest concerns over Japan’s national debt promoted both the day crypto and gold, later reached $ 3,320 an ounce, the highest since May 12.
Trading firm QCP Capital commented on the issue for the telegram channel subscribers in its latest bulletin, “A new wave of instability is increasing the Japanese fixed income markets with the yield of 30-year Japanese Government Bonds (JGB), which is breaching the last 3%, historic levels and disturbing the global investors.
“Japan’s balloon debt situation is a long time a concern, but it is now reaching a boiling point.”
On bitcoin, QCP suggested that recent profit was fuel Corporate accumulationWhile breaking all-time high can resume retail interest.
“The price action appears closely associated with the strategy and the Treasury accumulation by the Metaplanet, which remain the headline buyers at the existing levels. The concern is increasing that these institutions can represent the final of the marginal dialect, especially with BTC hovering near Aths,” this continued.
“A recession in their purchase may trigger benefits from other market participants and can potentially reverse the prevailing uptrend.”
BTC Value Trend Power Shining Warning
In other places, concerns over the strength of the trend came from the BTC/USD chart only.
Connected: Sorry beer – bitcoin analysis dismisses $ 107k BTC price double top
Popular traders Roman, who are taking a conservative approach to market structure, warned that the Shakti Index (RSI) relative to bitcoin (RSI) was now offering three recession deviations at a time on a daily time frame.
“The deviation of 3 level recession is now visible on RSI. told X followers.
“I still have my places on the overall low, but can provide a decent short -term entry for both shorts and longs.”
As cointelegraph reported, the currently implemented BTC price is not lacking.
$ 116,000 is one Fast popular area Once all-time high is dissolved, with one $ 128,000 “Blow-off Top” Also on radar.
Others have made a lot of predictions in 2025, including $ 220,000 or more.
Updating his long -term view, businessman and analyst Akel Kieber said that this week the bull trend remains “remains”, with a chart Repeat A target of a $ 137,000.
QCP concluded, “Despite tireless macro headwind, including bond yields in the US, tariff escalation and increasing stagflation risks for Q3 and Q4, BTC has demonstrated remarkable flexibility in the last month,” QCP has concluded.
“That said, a breakout for new heights can ignite a new wave of FOMO, can drag into retail capital by ignoring and pushes prices even more.”
There are no investment advice or recommendations in this article. Each investment and business move include risk, and readers should conduct their own research while taking decisions.
