USD 118,000 will be a key price for Bitcoin

Bitcoin (BTC) has been marking new historical maximums during today’s afternoon, May 22, 2025. At the time of this wording, the digital currency Slightly quote below your record close to $ 112,000.

The following graph, provided by TrainingView, shows how BTC has behaved since January 1 of the current year.

And what follows for the price of BTC? As cryptootics reported it yesterday, the professional trader and market analyst, Willy Woo, thinks that Bitcoin will have a rapid movement towards the area close to $ 118,000.

In addition, Woo confirms that – in his criteria – “the strength of the digital asset market remains solid.” Bitcoin’s great institutional purchases are generating huge supply pressure. «I have never seen flows to BTC so fluid; It is as if the institutions were averaging the cost in dollars with their billions, ”said the analyst.

Woo is not the only one who is optimistic. Iván Paz Chain, director of Trading Different comments, in a report sent to cryptootics, that «this movement [de bitcoin] Not only breaks a key resistance, but also activates a series of dynamics that could continue to boost the rising price ».

Based on the liquidation heatmap to tool of Different, Paz Chain detects that «There is currently a significant concentration of liquidity associated with short positions (shorts) located between the USD 113,000 and the USD 118,000 ″. And what does this mean? The specialist explains that “these areas represent levels where there are a lot of orders pending liquidation, and therefore, act as price magnets.”

The following image shows precisely those areas to which Bitcoin is very likely to go:

Paz Chain details that «as the price approaches at these levels, the a similar operators in short begin to be forced to close their positions, generating forced purchases (Short Squeezes) that further feed the bullish impulse ».

«Liquidity pools identified on the liquidation map not only show areas of institutional interest, but also represent natural movement objectives for the strong markets of the market. In other words, the price finds technical and behavioral reasons to continue advancing towards those areas. In fact, we have already begun to see how the price of BTC penetrates and consumes part of this liquidity, which reinforces the probability that in the next few days levels around USD 118,000 are reached ».

Iván Paz Chain, director of Trading Different.

Another factor that the analyst considers key is the USDT market capitalizationthe main stablecoin, which already It exceeds 150,000 million dollars.

“This is a great indicator of the entire cryptocurrency ecosystem, since it reflects the amount of money inside the market,” says Paz Chain and adds: “When this value decreases, it means that money is being withdrawn, making the USDT into Fíat money, so it will be important to follow up for a future reader market reading.”

As can be seen, there are several reasons to think that Bitcoin still has fuel to continue on the rise. Many factors are combining to give rise to such a scenario. Macroeconomic, regulatory issues and BTC’s own natural cycle are promoting the digital currency to break records in their price. And, unless there are events of “black swan” completely unexpected, In the next few days Bitcoin could continue to mark new historical maximums.