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The price of Bitcoin (BTC) has hit a new all-time high above $111,000, breaking higher as momentum took it past the previous peak.
With sentiment largely bullish, the potential for the benchmark digital asset to go parabolic in coming weeks and months has analysts pointing to what could be the key levels to watch.
This outlook has drawn the market’s attention to Bitcoin Pepe – the cryptocurrency that looks set to derive momentum from BTC and SOL.
Bulls target gains as Bitcoin price hits $111k
Standard Chartered recently forecast Bitcoin’s value will reach $500k or higher in the next four years.
Notably, the bank’s analysts see BTC skyrocketing amid institutional adoption and US support for crypto.
Continued demand as shown via spot exchange-traded funds (ETFs) add to this outlook.
On Wednesday, May 21, Bloomberg ETF analyst Eric Balchunas pointed to BlackRock’s IBIT ETF and its inflows.
$IBIT is going to post its 2nd biggest volume day ever today (outside chance it ends with most). Classic feeding frenzy in effect, new ATHs will do that, eg last time traded this much was 1/23 (last ATH). All the btc ETFs are elevated, most gonna see 2x their average. Flows
This trajectory, though with a few bumps and dumps in between, allude to overall long-term bullish sentiment.
Indeed Bitcoin’s surge to a new ATH above $111k comes as the market celebrates the famous ‘Bitcoin Pizza Day.’
Pizza Day represents the day developer Laszlo Hanyecz bought two pizzas for 10,000 BTC.
It is now 15 years since and the Bitcoin price has exploded from nearly zero to over $111k.
Hanyecz’ BTC could be worth over $1.1 billion today. CyptoQuant says the 10k BTC for pizza was a high price.
However, it is what helped turn Bitcoin into a payment option. Growth has been relentless since.
Michael Saylor’s Strategy, which adopted Bitcoin as a treasury asset in 2020, has since acquired a staggering $40 billion worth of the coin.
In the short five years, the company’s BTC portfolio has an unrealised profit that currently stands at more than $23.8 billion.
The question is – does Bitcoin price still have room to go up from here? Most analysts are bullish.
Is Bitcoin Pepe worth a look as BTC rallies?
Altcoins are retesting some critical levels as top coins such as Ethereum (ETH), XRP (XRP) and Solana (SOL) consolidate amid potentially rising risk asset markets ride broader tailwinds.
This is as Bitcoin sees institutional interest mount.
On May 21, as BTC spiked to a new ATH, Strategy founder Michael Saylor said buying at the top will still be profitable when price doubles and even triples from there.
Investors looking to ride this bull market potential are thus eyeing likely gems.
If you’re not buying bitcoin at the all-time high, you’re leaving money on the table.
A rising tide benefits all boats is what has the altcoin market upbeat.
While not similar to previous cycles, there is the acknowledgement that capital will rotate as inflows hit record highs.
That means increased interest.
Bitcoin Pepe (BPEP), going live on exchanges soon, could be the best memecoin to ride this sentiment.
It’s the first meme layer 2 on Bitcoin, a project that eyes Bitcoin’s $2 trillion market.
Combining memecoins, BTC and Solana makes Bitcoin Pepe stand out from the crowd.
Ahead of its market debut, Bitcoin Pepe’s presale has smashed past $10 million in early bids.
Meanwhile, the project has demonstrated its potential for traction with multiple key strategic partnerships, including with Super Meme, Catamoto and Plena Finance.
Upcoming market debut, partnerships and roadmap milestones as well as BTC forecast combine to strengthen BPEP’s bullish outlook.
With 9 days to go before the Bitcoin Pepe presale ends on May 31,2025, this might be the best time to buy this altcoin.
Currently, the BPEP token is available at a hugely discounted price of $0.0359.
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