Bitcoin Blasts Through $100K: Bull Market Confirmed? | Crypto Market Analysis with Willy

Crypto Success: Bitcoin Trading & Investment Strategies podcast.

Hey there, it's Crypto Willy here! What a week it's been for Bitcoin! If you've been watching the charts like I have, you've seen some serious action over the past few days.

Bitcoin has been on an absolute tear this week in May 2025, showing higher volatility than we've seen in months. The price has surged approximately 40% over the past month, displaying clear bull market strength. This impressive movement has caught many traders off guard, especially with how quickly BTC pushed through resistance levels.

Looking at the technical side, Bitcoin successfully retested and closed above the 50-day moving average on the weekly chart before embarking on this month-long pump. The structure remains firmly bullish! We're currently hovering around the $103,000 mark as of today, May 17th, which aligns perfectly with Binance's price predictions.

What's particularly interesting is that despite reaching these record highs, Google search data shows surprisingly low hype levels. This suggests we're still early in this cycle, with retail investors not fully piling in yet - a potentially good sign for sustained growth.

For those following PlanB's analysis, his latest update from May 11th confirms we've experienced a V-shaped recovery, and the bull market is indeed continuing as predicted. His Stock-to-Flow model remains on track.

If we look at market structure, traders are keeping a close eye on the $92,000-$95,000 zone as potential support if we see a pullback. The critical level to watch is $80,000 - if we close below that, the market structure could be considered broken.

According to Changelly's analysis, Bitcoin might reach as high as $137,055 by the end of May, with a minimum projection of around $104,205. Their longer-term outlook shows some potential cooling in August 2025, with prices potentially dipping to around $90,711.

For investment strategies right now, consider dollar-cost averaging if you're looking to build a position. With this volatility, setting limit orders at key support levels might help you catch any quick dips. The $92K-$95K range looks particularly attractive for adding to positions.

Remember that despite this impressive run, cryptocurrencies remain highly volatile assets. Never invest more than you can afford to lose, and consider taking some profits along the way during this uptrend.

That's the latest from the Bitcoin world this week! This is Crypto Willy signing off - stay savvy, stay curious, and I'll catch you next time with more crypto insights!

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