{"id":26105,"date":"2025-05-10T05:32:42","date_gmt":"2025-05-10T05:32:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=26105"},"modified":"2025-05-10T05:32:42","modified_gmt":"2025-05-10T05:32:42","slug":"3-reasons-why-a-new-bitcoin-btc-ath-is-incoming","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=26105","title":{"rendered":"3 Reasons Why a New Bitcoin (BTC) ATH Is Incoming"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li class=\"\" data-start=\"0\" data-end=\"153\">\n<p class=\"\" data-start=\"2\" data-end=\"153\">Bitcoin\u2019s recent outflows from exchanges and other vital factors support the case for a push toward a new all-time high.<\/p>\n<\/li>\n<li class=\"\" data-start=\"154\" data-end=\"294\">\n<p class=\"\" data-start=\"156\" data-end=\"294\">However, the rising RSI suggests the asset may be overbought and vulnerable to a short-term pullback.<\/p>\n<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC_CB-8.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-395991\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC_CB-8.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC_CB-8.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC_CB-8-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC_CB-8-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC_CB-8-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC_CB-8-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>New Peak on the Way?<\/h2>\n<p><span data-preserver-spaces=\"true\">The <\/span><span data-preserver-spaces=\"true\">price of the leading cryptocurrency<\/span><span data-preserver-spaces=\"true\"> has been booming lately, briefly climbing above $104,000 earlier today (May 9).<\/span><span data-preserver-spaces=\"true\"> As of this writing, bitcoin (BTC) is worth approximately $103,000, which represents a 33% monthly increase.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The asset\u2019s impressive rally sparked <\/span><span data-preserver-spaces=\"true\">huge<\/span><span data-preserver-spaces=\"true\"> enthusiasm <\/span><span data-preserver-spaces=\"true\">on<\/span><span data-preserver-spaces=\"true\"> crypto X, with multiple users <a href=\"https:\/\/cryptopotato.com\/top-bitcoin-btc-predictions-as-the-price-approaches-100k\/\" data-wpel-link=\"internal\">predicting<\/a> that an upswing toward a new all-time high is just a matter of time. Some <\/span><span data-preserver-spaces=\"true\">important<\/span><span data-preserver-spaces=\"true\"> factors support the bullish thesis.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">An example is BTC\u2019s exchange netflow, which has been predominantly negative <\/span><span data-preserver-spaces=\"true\">on<\/span><span data-preserver-spaces=\"true\"> most days in the past week or so. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> indicates a shift from centralized trading platforms toward self-custody methods and reduced selling pressure.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_395996\" aria-describedby=\"caption-attachment-395996\" style=\"width: 982px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-Exchange-Netflow-1.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-395996\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-Exchange-Netflow-1.png\" alt=\"BTC Exchange Netflow\" width=\"982\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-Exchange-Netflow-1.png 1527w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-Exchange-Netflow-1-300x122.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-Exchange-Netflow-1-1024x417.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-Exchange-Netflow-1-768x313.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-Exchange-Netflow-1-50x20.png 50w\" sizes=\"auto, (max-width: 982px) 100vw, 982px\"><\/a><figcaption id=\"caption-attachment-395996\" class=\"wp-caption-text\">BTC Exchange Netflow, Source: CryptoQuant<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The interest in BTC is also worth mentioning. Over the last few weeks, Google searches with the word \u2018bitcoin\u2019 have been on the rise, signaling increased attention from investors, especially retail.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_395998\" aria-describedby=\"caption-attachment-395998\" style=\"width: 1201px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-searches.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-395998\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-searches.png\" alt=\"BTC searches\" width=\"1201\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-searches.png 1126w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-searches-300x100.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-searches-1024x341.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-searches-768x256.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTC-searches-50x17.png 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><figcaption id=\"caption-attachment-395998\" class=\"wp-caption-text\">BTC searches, Source: Google Trends<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">As <\/span><em><span data-preserver-spaces=\"true\">CryptoPotato<\/span><\/em> <a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/fomo-kicking-in-as-bitcoin-btc-price-skyrockets-to-highest-levels-since-january\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">reported<\/span><\/a><span data-preserver-spaces=\"true\"> earlier today (May 9), Bitcoin\u2019s network saw almost 350,000 newly created wallets in a single day, signaling a FOMO effect. On some occasions in the past, the massive influx of retail investors has been a precursor of cycle tops. Although the current retail numbers are higher now than in the last several weeks, they are still far from what could be described as the bull run top.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last but not least, we will focus on the upcoming meeting between US and Chinese officials <\/span><span data-preserver-spaces=\"true\">scheduled for<\/span><span data-preserver-spaces=\"true\"> this weekend. The two sides will supposedly discuss de-escalation of the ongoing trade war. Recently, American President Donald Trump <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.bbc.com\/news\/articles\/c4gkvp6438ko\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">hinted<\/span><\/a><span data-preserver-spaces=\"true\"> that the tariffs imposed on China might be cut in the near future.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Eased tension between the two biggest economies in the world could positively impact the financial and crypto markets <\/span><span data-preserver-spaces=\"true\">since it would reduce uncertainty and might boost<\/span><span data-preserver-spaces=\"true\"> investor confidence.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Greed Is Here, But Watch Out<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">BTC\u2019s<\/span><span data-preserver-spaces=\"true\"> recent bull run <\/span><span data-preserver-spaces=\"true\">seems to have<\/span><span data-preserver-spaces=\"true\"> affected investors\u2019 sentiment.<\/span><span data-preserver-spaces=\"true\"> Today, the <\/span><span data-preserver-spaces=\"true\">popular<\/span><span data-preserver-spaces=\"true\"> Fear &amp; Greed Index surged to \u201cgreed\u201d territory of 73, a level last observed in January this year.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_395999\" aria-describedby=\"caption-attachment-395999\" style=\"width: 1117px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Fear-and-Greed.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-395999 size-full\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Fear-and-Greed.png\" alt=\"BTC Fear and Greed\" width=\"1117\" height=\"497\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Fear-and-Greed.png 1117w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Fear-and-Greed-300x133.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Fear-and-Greed-1024x456.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Fear-and-Greed-768x342.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/Fear-and-Greed-50x22.png 50w\" sizes=\"auto, (max-width: 1117px) 100vw, 1117px\"><\/a><figcaption id=\"caption-attachment-395999\" class=\"wp-caption-text\">BTC Fear and Greed Index, Source: alternative.me<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The metric tracks numerous segments, such as price volatility, social media comments, and surveys, to determine the momentary investor feelings toward BTC.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The predominantly bullish sentiment might sound encouraging, but one should <\/span><span data-preserver-spaces=\"true\">keep in mind<\/span><span data-preserver-spaces=\"true\"> Warren Buffett\u2019s advice, who once urged people \u201cto be fearful when others are greedy and to be greedy only when others are fearful.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The Relative Strength Index (RSI) is another indicator worth monitoring. The momentum oscillator measures the speed and magnitude of the latest price changes and varies from 0 to 100. It helps traders spot potential trend reversals, as readings above 70 typically signal that the asset could be overbought and headed for a pullback. Currently, the ratio <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cryptowaves.app\/relative-strength-index\/BTC\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">stands<\/span><\/a><span data-preserver-spaces=\"true\"> at almost 75.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/3-reasons-why-a-new-bitcoin-btc-ath-is-incoming\/\" rel=\"nofollow\">3 Reasons Why a New Bitcoin (BTC) ATH Is Incoming<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Bitcoin\u2019s recent outflows from exchanges and other vital factors support the case for a push toward a new all-time high. However, the rising RSI suggests the asset may be overbought and vulnerable to a short-term pullback. New Peak on the Way? The price of the leading cryptocurrency has been booming lately, briefly climbing above [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-26105","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26105"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/26105\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}