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The Bitcoin price edged down over 1% in the past 24 hours to trade at $107,736 as of 1:41 a.m. EST, with trading volume plunging 8% to $32.3 billion.
This slight drop in the BTC price comes as the US Court of International Trade blocked Donald Trump’s broad import tariffs, ruling they exceeded presidential authority. Markets reacted positively, with stocks jumping amid hopes of eased global trade tensions. On X, Governor Kathy Hochul celebrated this decision terming the tariff policy by the Trump’s administration as “ridiculous.”
BREAKING: We sued the Trump Administration over their ridiculous tariff policy — and we WON!
A tariff is just a backdoor tax. New York is fighting to stop these tariffs and put money back in your pocket. https://t.co/jJtF61BuFM
— Governor Kathy Hochul (@GovKathyHochul) May 28, 2025
At the same time, GameStop Corp announced the purchase of 4,710 Bitcoin which is approximately worth $512 million at the current price of BTC.
Meanwhile, Norwegian crypto brokerage K33 also made headlines, raising $6.2 million through convertible loans and a new issue of shares and warrants to build its own Bitcoin treasury.
As Bitcoin attracts institutions, can it be enough to push the price of BTC past its all-time high (ATH)?
Bitcoin Price Aims For A Breakout To A New ATH
The BTC price chart on the 3-day timeframe displays a rounded bottom pattern. This powerful bullish reversal formation signals the end of a downtrend and the start of a sustained uptrend.
That pattern formed over several months, starting from late 2024 through early 2025, characterized by a long, smooth curve that reflects a gradual shift in market sentiment from bearish to bullish.
The breakout from the neckline (resistance zone) around $103,480 confirms the pattern, with the price now trading at $107,736, according to GeckoTerminal data.
The 50 Simple Moving Average (SMA), currently at $93,894, is trending upward and sits well below the current price of Bitcoin, indicating a strong intermediate uptrend.
Meanwhile, the 200 SMA, at $68,987, continues to trend higher, reinforcing the long-term bullish picture.
Moreover, the Relative Strength Index (RSI) is at 68.19, nearing the overbought threshold of 70, which is an indication that BTC still has some space for more gains.
The price of Bitcoin has reclaimed and held above key Fibonacci levels, including the 0.382 and 0.5 retracements at $95,070 and $89,795, which are now acting as support.
If the bulls continue buying and interest from institutions keeps rising, the Bitcoin price could continue climbing. In such a scenario, BTC might target $139,776, representing a 30% upside from the current level, and a new ATH.
The target aligns with the -0.618 Fibonacci extension and the vertical measurement taken from the bottom of the rounded formation to the neckline.
On the downside, if the price of Bitcoin faces some bearish pressure, the 50 SMA at $ 93,894 could act as the next key support zone.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free BTC through airdrops.
99Bitcoins, a prominent crypto YouTube channel with over 723k subscribers, says BTCBULL is poised for massive gains.
BTC Bull Token Presale Rushing Towards The $7 Million Mark – A Promising Alternative?
As Bitcoin holds strong at $107K and institutions ramp up their accumulation, BTC Bull Token is racing towards its first milestone reward, where early backers can start getting paid in actual Bitcoin without lifting a finger.
Buying BTCBULL opens access to BTC airdrops at certain Bitcoin price milestones, starting at $150K, then at every $50K increment until BTC hits $1 million.
Designed to thrive during Bitcoin’s explosive runs, BTCBULL aligns with BTC’s rise and turns that momentum into amplified gains for investors.
The token is currently in presale and has already secured $6.55 million in funding.
Meanwhile, to enhance scarcity and mimic Bitcoin’s limited supply, the project will conduct periodic token burns as well, beginning when Bitcoin hits $125K for the first time and continuing every $50K increase thereafter.
That mechanism reduces BTCBULL’s supply, potentially creating powerful upward price momentum for the meme coin.
Investors can purchase tokens now for $0.002535 via BNB, ETH, USDT, or bank card. Tokens can also be staked for an impressive 63% annual yield.
With bullish expert endorsements and strong investor interest, BTCBULL’s launch looks set to ignite the crypto community.
Interested investors will want to buy before the next presale price increase in about 1 day to lock in the best deal.
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