{"id":30919,"date":"2025-06-09T11:46:55","date_gmt":"2025-06-09T11:46:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30919"},"modified":"2025-06-09T11:46:55","modified_gmt":"2025-06-09T11:46:55","slug":"bitcoin-btc-hits-a-new-ath-but-its-not-what-you-think","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30919","title":{"rendered":"Bitcoin (BTC) Hits a New ATH, But It\u2019s Not What You Think"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">One important BTC metric reached a new all-time high, highlighting strong adoption and optimism across investors.<\/span><\/li>\n<li>Analysts see potential for BTC to hit nearly $120K, but with RSI nearing 70, a short-term correction could be looming.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC_CB-12.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-399729\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC_CB-12.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC_CB-12.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC_CB-12-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC_CB-12-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC_CB-12-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC_CB-12-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>Not the Peak the Bulls Expected<\/h2>\n<p><span data-preserver-spaces=\"true\">Despite the retreat after <a href=\"https:\/\/cryptopotato.com\/bitcoin-tops-111000-in-pizza-day-all-time-high\/\" data-wpel-link=\"internal\">hitting<\/a> a new historical peak of almost $112,000 <\/span><span data-preserver-spaces=\"true\">on May 22<\/span><span data-preserver-spaces=\"true\">, Bitcoin\u2019s (BTC) price has been booming in the past several months. Currently, it is worth just over $107,000, representing a 53% increase on a yearly basis.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The bull run coincides with the rising number of BTC holders, which, according to the crypto analytics platform, <\/span><span data-preserver-spaces=\"true\">reached<\/span><span data-preserver-spaces=\"true\"> a new all-time high of 55.39 million. <\/span><span data-preserver-spaces=\"true\">The development <\/span><span data-preserver-spaces=\"true\">can be interpreted as<\/span><span data-preserver-spaces=\"true\"> an optimistic sign, as it indicates growing adoption and higher demand for the primary cryptocurrency.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">As crypto markets attempt to rally at the end of the work week, crypto networks continue to grow over time. Here are the total amount of holders for select top caps:<\/p>\n<p>Ethereum <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$ETH<\/a>: 148.38M Holders<br \/>\nBitcoin <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$BTC<\/a>: 55.39M Holders<br \/>\nDogecoin <a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$DOGE<\/a>: 7.97M Holders<br \/>\nTether\u2026 <a href=\"https:\/\/t.co\/wKBXHV0BrF\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/wKBXHV0BrF<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1931086522008105189?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">June 6, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span data-preserver-spaces=\"true\">Bitcoin Price Targets<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">We mentioned BTC\u2019s price rally witnessed in the last months, and now let\u2019s see if there\u2019s more room for growth, at least according to some popular analysts.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The X user Captain Faibik recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptoFaibik\/status\/1931989275354042587\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a><span data-preserver-spaces=\"true\"> that the valuation could surge to a new all-time high of over $113,000 should it break the resistance level of $105,700.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">CryptoBullet chipped in, too. They <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptoBullet1\/status\/1932008939794596106\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">noted<\/span><\/a><span data-preserver-spaces=\"true\"> BTC\u2019s recent resurgence above $107,000, suggesting that the price \u201cis ready to go higher\u201d and set a target of $119,000.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On the other hand, investors should keep an eye on Bitcoin\u2019s Relative Strength Index, which neared overbought territory at almost 70. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> signals that the asset\u2019s valuation has increased too rapidly over a short period, which could be a precursor to a correction.<\/span><\/p>\n<figure id=\"attachment_399728\" aria-describedby=\"caption-attachment-399728\" style=\"width: 3001px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC-RSI.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-399728\" src=\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC-RSI.png\" alt=\"BTC RSI\" width=\"3001\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC-RSI.png 1178w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC-RSI-300x40.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC-RSI-1024x136.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC-RSI-768x102.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/06\/BTC-RSI-50x7.png 50w\" sizes=\"auto, (max-width: 3001px) 100vw, 3001px\"><\/a><figcaption id=\"caption-attachment-399728\" class=\"wp-caption-text\">BTC RSI, Source: Crypto Waves<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Conversely, ratios below 30 <\/span><span data-preserver-spaces=\"true\">are considered<\/span><span data-preserver-spaces=\"true\"> bullish, indicating that the price may <\/span><span data-preserver-spaces=\"true\">be headed<\/span><span data-preserver-spaces=\"true\"> for a rally<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-btc-hits-a-new-ath-but-its-not-what-you-think\/\" rel=\"nofollow\">Bitcoin (BTC) Hits a New ATH, But It\u2019s Not What You Think<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR One important BTC metric reached a new all-time high, highlighting strong adoption and optimism across investors. Analysts see potential for BTC to hit nearly $120K, but with RSI nearing 70, a short-term correction could be looming. Not the Peak the Bulls Expected Despite the retreat after hitting a new historical peak of almost $112,000 [&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-30919","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\/30919","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=30919"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30919\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30919"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30919"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30919"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}