Bitcoin (BTC) is registering strong upward momentum, fueled by positive market trends and expanding institutional involvement. Economist and The Bitcoin Standard author Saifedean Ammous has weighed in on the network’s data congestion issue, advocating for funding developers who restrict non-financial inscriptive content—an initiative supporters say will enhance overall blockchain performance. Concurrently, well-known analyst Scott Melker forecasts a surge to $250,000 by late 2025.
Whales are still longing BTC despite the rejection 🧠
— The Trading Parrot (@TradingParrot) May 19, 2025
Is it a bullish setup—or bait for one more flush?
📺 Clip from today’s 28-min video: https://t.co/SLhlIkcfQJ#Bitcoin #WhaleActivity #BTCAnalysis #CryptoSignals #SmartMoneyMoves pic.twitter.com/kKTR2L1QJ1
Melker cites a unique alignment of economic indicators and market conditions—including deeper institutional integration and a maturing volatility profile—as the driver behind this anticipated upswing. With BTC already trading north of $100,000, achieving more than a twofold increase remains consistent with its historical behavior. As host of The Wolf of All Streets podcast, Melker argues that the necessary factors are converging, paving the way for a significant price rally in the coming months.
Key Bitcoin Levels To Watch – May 19
Bitcoin maintains a bullish structure above the $95,980 support zone, with a recent breakout confirming strong upward momentum. The price is trading above the 9-day SMA (Simple Moving Average), which is now acting as dynamic support.
A clean move toward the $108,390 resistance is anticipated, and a successful breakout could open the path to $115,000. The MACD (Moving Average Convergence Divergence) remains positive but shows early signs of a potential slowdown in momentum.
BTCUSD Key Levels
Resistance Levels: $108,400, $115,000, $125,000
Support Levels: $95,980, $85,010, $74,420
Bitcoin METRICS
Total Market Capitalisation: $3.25T
Bitcoin Market Capitalisation: $2 05T
Bitcoin Volume: $63.11B
Market Rank: #1
Make money without lifting your fingers: Start using a world-class auto trading solution
