On Wednesday, May 28, 2025, Bitcoin (BTC) is trading just below $109,000, with the price consolidating after reaching new highs of $112,000 last week.

While bearish voices argue that BTC may now undergo a deeper correction, especially after a 50% rally from the April lows, an executive from one popular cryptocurrency exchange is instead expecting another 30% surge.

Technical analysis appears to support her outlook. Let’s examine how high Bitcoin prices can reach and identify the current main support and resistance levels on the BTC chart.

How High Can Bitcoin Go? MEXC COO Predicts $140K BTC Price

Tracy Jin, Chief Operating Officer at cryptocurrency exchange MEXC, observes that institutional behavior is transforming Bitcoin from a retail-driven, cyclical asset into a cornerstone of corporate finance. This evolution represents a departure from previous market cycles that relied heavily on individual investor enthusiasm.

"What was once a retail-driven market and highly cyclical asset has become a cornerstone in institutional finance," Jin stated, noting that institutions are focusing on Bitcoin's long-term value proposition rather than short-term price fluctuations.

Jin projects that sustained corporate and institutional momentum could push Bitcoin to the new all-time high (ATH): “Bitcoin is expected to break the $109,500 and $111,000—$112,000 resistance range in the coming weeks and head towards the $140,000 range towards the end of summer.”

However, macroeconomic headwinds could test support levels around $106,000-$107,000, with a potential decline to the major support zone at $100,000 or lower at $94,000.

Bitcoin Price Prediction Table 2025

Key Scenarios:

• Bullish Path: Break above $109,500 → $111,000-$112,000 → $140,000 target
• Bearish Path: Fail at resistance → retest $106,000-$107,000 → potential drop to $100,000 → $94,000

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What Does Technical Analysis Say About BTC/USDT Price?

According to my technical analysis, Bitcoin may indeed have room for further gains, with a breakout above $112K potentially paving the way toward new all-time highs. Since the April lows, the price has been moving within a narrow, steeply ascending bullish regression channel that continues to hold.

Notably, we are now trading above the resistance level from late 2024 and early 2025, marked by the previous ATH. For the first time, that resistance has turned into support. During Tuesday’s session, both the channel and this key level were tested—bearish pressure was rejected.

While Jin points to key support levels at $100K and $94K, I see a break below the $90K–$92K zone, the lows from December 2024 and January 2025, as a more decisive signal that bears could start taking control. This zone also aligns with the 200 EMA, which I consider the main threshold separating bullish from bearish trends.

You may find it interesting too: JPMorgan Predicts Bitcoin to Outperform Gold in H2 2025 Driven by Institutional Adoption

Traditional Safe Havens Under Pressure

The shift toward Bitcoin comes as traditional safe-haven assets face mounting pressure. Bond yields in the United States and Japan are climbing, while sovereign debt burdens continue to expand. The erosion of traditional AAA credit ratings has prompted institutional investors to reconsider their risk models.

Japanese institutions are reportedly reassessing their exposure to U.S. Treasury bonds, while American investors monitor potential political influences on Federal Reserve policy decisions. This environment has positioned Bitcoin's neutrality and transparency as increasingly attractive attributes for institutional portfolios.

"This is not a flight from risk — it's a flight from the old model of risk," Jin explained, highlighting how capital is moving away from traditional government bonds that previously served as crisis hedges.

Recent market data supports the institutional adoption narrative. Bitcoin exchange-traded funds recorded $25 billion in weekly trading volume alongside $2.75 billion in inflows during the previous week, demonstrating sustained institutional interest despite broader economic uncertainties.

The self-reinforcing nature of institutional adoption is becoming apparent as more corporations announce Bitcoin allocations, creating competitive pressure for others to follow suit. This momentum, combined with improving regulatory frameworks and institutional-grade custody solutions, is expected to drive further adoption.

Bitcoin Price and Crypto Markets Face Extended Volatility Amid Trade Tensions

Cryptocurrency markets are experiencing sustained volatility as trade policy uncertainty and macroeconomic pressures create conditions that professional traders are exploiting for profit, according to market analysis from CoinPanel.

Recent market movements illustrate this pattern. President Trump's announcement of a 50% tariff on European Union goods, followed by its postponement until July 9, created immediate ripple effects across financial markets, including cryptocurrencies. Such policy shifts demonstrate how quickly sentiment can change in current market conditions.

Trump backed down from the 50% EU Tariffs after the announcement failed to budge the stock market for his usual market manipulation and pump & dump pony trick. He'll try again in July. pic.twitter.com/cAYiIVVxUD

— Anonymous (@YourAnonCentral) May 26, 2025

"We are navigating a period of heightened volatility, driven by economic uncertainty, fluctuating macroeconomic indicators, and escalating tariff tensions," said Dr. Kirill Kretov at CoinPanel, who has been tracking these market dynamics throughout the spring.

Kretov highlighted how recent events exemplify the market's sensitivity to political developments. "The recent episode involving President Trump's announcement of a 50% tariff on European Union goods, followed by a subsequent delay until July 9, exemplifies how such geopolitical moves can swiftly impact market sentiment," he explained.

Market participants with sophisticated trading capabilities are positioning themselves to benefit from the ongoing volatility. These traders execute strategies specifically designed to amplify price movements and extract profits from the resulting market turbulence.

"In this low-liquidity environment, even modest capital flows can lead to significant price swings," Kretov noted. "Professional traders are capitalizing on this by executing strategies that amplify these movements, extracting profits from the ensuing volatility."

Watch Out for Bitcoin and Altcoin Turbulence

The CoinPanel analyst emphasized that Bitcoin's deep liquidity doesn't shield it from political sensitivity. "Even Bitcoin, with the deepest liquidity reacts sharply to announcements from the president's office, while altcoins experience even stronger turbulence in response," he said.

This professional activity suggests the volatile conditions may persist as long as major market participants continue to find profitable opportunities in the current environment. "This volatility is likely to persist as long as major players continue to exploit these conditions for profit," Kretov warned.

The analysis suggests that highly leveraged positions without proper hedging or clear risk management protocols could result in significant losses, given the unpredictable nature of price movements.Bit

"For investors, this underscores the importance of adapting strategies to navigate the current landscape effectively," Kretov advised. "Engaging in highly leveraged, unhedged positions without a clear risk management plan could lead to unfavorable outcomes."

Kretov concluded with a call for vigilance in the current environment. "Staying informed and agile is crucial in these times. Whether you choose to adjust your investment approach or observe the market dynamics, understanding the underlying factors driving this volatility will be key to making informed decisions."