<ul><li>Bitcoin surged to a fresh all-time high driven by easing macroeconomic concerns and increased capital inflows into U.S.-based spot Bitcoin ETFs.</li><li>Market analysts are optimistic, projecting Bitcoin could reach $200,000 by year-end if momentum continues. However, some experts warn of potential risks such as a bearish divergence and the formation of a double-top pattern.</li><li>Bitcoin is close to confirming a 'golden cross' on the daily chart, a historically bullish indicator that often precedes strong upward moves, boosting market sentiment and positioning major altcoins for potential upside.</li><li>BTC, supported at $73,500, showed a 'Bullish Engulfing' pattern and is trending upwards on the weekly timeframe, gaining nearly 49.7% from recent lows to a new high of $111,554.</li></ul>

Crypto Technical Analysis Report – 22nd May 2025

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