Bitcoin Sets New ATH Record

Bitcoin once again set an all-time high (ATH) price record, reaching around US$109,000 on May 21, 2025, ending a nearly four-month wait.

What Does This Mean for Market Participants?

According to information we’ve gathered from Beincrypto, this moment signals that the rally is still wide open.

However, there’s also the potential for investors to start taking profits.

However, historical data shows relatively minimal fund flow to exchanges after the January 2025 ATH, indicating that many investors chose to hold rather than sell.

Profit-Taking Action?

Previous price movements indicate that after hitting its ATH, Bitcoin experienced a correction to around US$74,500 in the following three months.

This raises the question: will a similar pattern occur this time?

Bullish Outlook from Standard Chartered

Standard Chartered remains optimistic about Bitcoin’s trajectory. Geoff Kendrick, Head of Digital Asset Research, predicts BTC could reach US$500,000 before the end of Trump’s second term — as volatility begins to stabilize.

Kendrick stated that current investor portfolio allocation strategies are still underweight BTC and will gradually change as more investors access the asset and volatility subsides.

Conclusion

Bitcoin recently recorded an all-time high of around US$109,000. Bullish sentiment remains strong, but caution is warranted due to the potential for a correction.

Meanwhile, the views of institutions like Standard Chartered provide additional support for the long-term outlook.