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Bitcoin Hits $108K, Nations Buy In, Altcoins Wake Up

Bitcoin blows past $108K and edges toward price discovery — while nations like Bhutan join the mining race, altcoins prep for liftoff, and forecasts stretch as far as $200K.

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Joe G & Money Talks
May 21, 2025 • Estimated Reading Time: 7 minutes

Bitcoin Breaks $108K — Is $200K on the Horizon?

Bitcoin hit a four-month high at $108,000, gaining 14% in just two weeks, triggering bold projections from analysts.

  • Analyst AlphaBTC: “ATH breakout is imminent — squeeze is on.”

  • Van de Poppe sees room for $200,000 by year-end.

  • Rounded bottom pattern points to $140K technical target.

  • RSI sits at 69 with golden cross approaching.

“The grind-and-pop action is being driven by big players,” says AlphaBTC.

Bullish case: all-time high breakout > $109,000 = acceleration to $115K–$130K range.

Support: $106K (neckline), key fibs confirm $140K upside.

BTC Blow-Off Top Target Raised to $128K

Analysts say the move past $108K could be a prelude to a “blow-off top” at $128,000, with $120K and $116K key interim levels.

  • Material Indicators: “Confluence at 21/50/200-day MAs + 2025 yearly open = strong support.”

  • Van de Poppe: “Whether we retest $100K or not, I want to see this consolidation before the next leg.”

  • Merlijn and Henry: Targets raised to $128K, support at $105K & $96K.

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