Bitcoin Extends Rally From May Lows — Can It Break $120,000 Next?
Posted On May 23, 2025
Bitcoin (CRYPTO: BTC) is continuing its run, with analysts now eyeing the $115,000–$120,000 range as the next logical targets.
What Happened: Crypto analyst ElonMoney attributes the rally to over $3.3 billion in spot Bitcoin ETF inflows, led by (NASDAQ:IBIT), (NASDAQ:FBTC) and (OTC:ARKB). Notably, $934 million flowed in on May 22 alone.
The Coinbase Premium Index, a metric showing U.S. investor demand, remains firmly positive, further confirming strong institutional appetite.
Technically, BTC is trading above key …
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