Bitcoin is currently trading at $109,000, showing a 15% gain over the past month.
The US Court of International Trade blocked President Trump's tariffs on May 28, potentially impacting Bitcoin's future performance.
Swyftx analyst predicts that new all-time highs for Bitcoin are imminent, with a target of $120,000.
Bitcoin's MVRV ratio is at 2.36 and approaching a crucial resistance level at 2.93, while retail investor participation remains subdued despite recent price gains.