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The Bitcoin price edged down a fraction of a percentage in the past 24 hours to trade at $111,089 as of 12:42 a.m. EST on trading volume that dropped 41% to $43.5 billion.
Bitcoin had reached a major milestone on May 22, climbing to a new all-time high (ATH) of $111,970, according to CoinMarketCap.
The new ATH could hardly have come at a better time, coinciding with ”Bitcoin Pizza Day,” which commemorates Laszlo Hanyecz’s historic purchase of two Papa John’s pizzas for 10,000 BTC.
GM my ladies and my brothers ☀️☀️☀️$BTC hit a new ATH right on Bitcoin Pizza Day. It's not god damn bad. 💪💪💪
15 years ago:
10,000 $BTC = 2 pizzasToday in 2025:
2 $BTC = ~22,273 pizzas (~$10/Pizza)Even with that pump, my portfolio barely moved 😂😂😂. But cheers anyway!… pic.twitter.com/iE6l6rkmTd
— DePIN Intern 🧑🎓 (@nghianeo) May 22, 2025
From this transaction, Bitcoin began to be accepted as a way to buy things, making May 22nd a day remembered in the history of crypto.
Bitcoin Price Aims For A Continued Surge, Poised For A New ATH
The BTC price is currently exhibiting a strong bullish trend. After consolidating within a bullish pennant pattern, the Bitcoin price broke out decisively, confirming upward momentum.
This breakout occurred just above the 50-day Simple Moving Average (SMA), which is now curving upward and acting as dynamic support around $93,911.76, as GeckoTerminal data shows.
Key Fibonacci retracement levels from the recent swing suggest that the BTC price has not only respected major levels 0.618 and 0.5 zones) but has now surged beyond the 0 line ($108,386.76), aiming for Fibonacci extension targets.
The Relative Strength Index (RSI) is currently reading at 80.49, which places BTC well into overbought territory. This suggests strong buying pressure but also indicates potential for a short-term pullback or consolidation.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator supports bullish momentum with the MACD line (blue) well above the signal line (orange), and a widening histogram that further confirms the strength of the current rally.
BTC appears set to target the next significant Fibonacci extension at $112,411.31. Should momentum persist, the price of Bitcoin could push further toward $117,598.50.
However, given the overbought RSI, traders should watch for potential minor corrections before a sustained climb higher. In this case, the 0.236 Fib level acts as a major support zone at $104,869.
The Bitcoin rally has prompted investors to seek ways to acquire more Bitcoin and many are turning to BTC Bull Token (BTCBULL), a new BTC-Themed project that gives its investors free Bitcoin at certain price milestones.
99Bitcoins, a prominent crypto YouTube channel with over 723k subscribers, predicts BTCBULL will record massive gains after launch.
BTC Bull Token Raises $6.1M In Early Presale – Next Big Crypto?
With the Bitcoin price recording another new ATH, BTC Bull Token ($BTCBULL) is turning heads in the crypto space. So far, investors have sunk over $6.1 million into the project in the early stages of its presale.
BTC Bull Token isn’t your average meme coin. It rewards holders with Bitcoin airdrops tied directly to BTC’s price action. The first drop hits when Bitcoin reaches $150K, with more rewards after every $50K rise with a major bonus waiting at the $250K mark.
With BTC rising above $111K for a new all-time high yesterday, BTCBULL rewards are inching closer for early investors.
Bitcoin hit $111K. 🐂🔥
The first BTCBULL burn milestone is getting closer. pic.twitter.com/1iHi376vQl— BTCBULL_TOKEN (@BTCBULL_TOKEN) May 22, 2025
Whats more, to mimic Bitcoin’s scarcity, BTCBULL will burn tokens when BTC hits $125k, and every time BTC gains another $50,000 after that, putting upward pressure on the token’s price.
Investors can also earn more passive income through the project’s staking protocol, which offers a 66% annual yield.
You can purchase tokens now for $0.002525 using BNB, ETH, USDT, or bank card.
Interested investors will want to buy before the next presale price hike in about 1 day.
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