Bitcoin's Back to Hitting All-Time Highs! What's next?

Crypto Corner #353 | May 17-23, 2025

Bitcoin Price (in USD): $109,285.72
Weekly Change: +5.41%

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Bitcoin Price Action

Bitcoin made a higher weekly-low at $102,105.00 on Monday before continuing the epic rally that has been going strong since its April selloff low. Then, on Wednesday, Bitcoin blew away its old all-time high at $109,358.01 and didn’t calm down before it established its new all-time high at $112,000.00 on Thursday.

The Bullish Case

The Bulls have it! The last Bear narrative was that Bitcoin couldn’t possibly be in a new bull market since it hadn’t made a new all-time high, but that narrative has now been dashed. The Bulls calling for a new all-time high this week nailed the call, and all fundamental and technical analysis shows Bitcoin has momentum for higher-highs from here.

Notable analysts who I trust believe we’ll see Bitcoin reach $130K before it pulls back and offers another buying opportunity for the FOMO crowd (although, of course I am always hoping for huge pullbacks to add to my stacks).

The Bearish Case

Bears are left licking their wounds after having Bitcoin stuff all their narratives right down their throats. While there’s always a possibility for Bitcoin to pull back significantly after such a run, it’s hard to come up with any Bear narrative to explain such a reversal. This is especially the case since Bitcoin has now decorrelated from stock market once more, perhaps indicating appetite for it as a safe haven asset.

Key Selloff Targets

Thanks to a new all-time high, I have updated all of the key selloff targets below. These key selloffs are derived from past pullbacks from all-time highs as well as various Crypto Winters:

• -26.31% = $82,532.80

• -30.27% = $78,097.60

• -31.24% = $77,011.20

• -31.95% = $76,216.00

• -33.49% = $74,491.20

• -37.63% = $69,854.40

• -39.53% = $67,726.40

• -40.24% = $66,931.20

• -53.06% = $52,572.80

• -62.91% = $41,540.80

• -77.46% = $25,244.80

• -84.36% = $17,516.80

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Bitcoin Trade Update

Current Allocation: 5.433% (-11.90% since Last Update)
Current Per-Coin Price: $101,440.83 (-0.51% since Last Update)
Current Profit/Loss Status: +7.73% (+6.05% since Last Update)

The trimming continued this week with Bitcoin’s momentous run. I made another 22 sales leaving me with an average sale price of $105,987.32 (after trading fees). The sales lowered my per-coin cost -0.51% from $101,960.96 down to $101,440.83 and reduced my allocation -11.90% from 6.167% to 5.433%.

If Bitcoin continues to head higher, I’ll continue trimming tiny quantities all the way up. If it never comes down, that’s a high-quality problem since my position will only becoming more and more profitable with my cost basis dropping lower and lower.

As always, risk management is the name of the game with crypto! 😀👍

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My Next 30 Bitcoin Buy Targets

Premium subscribers to Get Irked get access to my next thirty (30) … yes, 30 … buys in Bitcoin including price levels and quantities. Additionally, premium members get exclusive access to Microsoft Excel and Google Sheets version of my Bitcoin Trading Calculator.

I also include a tutorial video on how I execute my Trade2HODL strategy that I developed to accommodate crypto’s incredibly volatility after the 2018 crash which has never had a losing trade in more than 150+ trades since I started using it.