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- Bitcoin Bounces, Bears Fumble, and Big Bets Keep Rolling
Bitcoin Bounces, Bears Fumble, and Big Bets Keep Rolling
Bitcoin's technical setup flashes a golden cross, ETF inflows hit record highs, and institutions pile in as Cathie Wood reiterates a $1.5M target. Meanwhile, Ripple clashes with Washington, Strategy faces a lawsuit, and Jack Dorsey wants to ditch sats. Here's your May 20 rundown.
Joe G & Money Talks
May 20, 2025 • Estimated Reading Time: 8 minutes
Bitcoin is set to form a golden cross on the daily chart this week, historically signaling gains of 45% to 60%.
Previous golden crosses (2021, 2023) preceded multi-month rallies.
Bitcoin's RSI is overbought, signaling a possible pullback to $92K-$95K.
Macro support: rising M2 supply, easing trade tensions.
"Golden crosses don't guarantee rallies, but paired with strong fundamentals, they matter." – Michaël van de Poppe
Watch zone: $92K-$95K for accumulation.
Why is Bitcoin Up Today? ETF Inflows and Futures Boom
Bitcoin jumped over 5% to $107K on May 20, driven by:
$6.9B in spot Bitcoin ETF inflows over 21 days.
Strategy added 7,390 BTC; Metaplanet grabbed 1,004 BTC.
Futures open interest hit $72.6B, highest ever.