Bitcoin on the Verge of a Breakout

💠In May, Bitcoin surprised the markets by rising 14% and setting a new all-time high at $111,980. Active accumulation — with over 66,000 BTC withdrawn from exchanges — signals investor confidence and belief in further growth. Bitcoin is also supported by macroeconomic factors: declining inflation, increasing global liquidity, and dovish central bank rhetoric are boosting interest in risk assets.

💠However, the outlook isn’t entirely clear. Short-term holders’ profits are nearing overheated levels, which could trigger profit-taking. If that happens, BTC may face a temporary correction. Nonetheless, strong support levels and sustained demand lay the groundwork for a continued uptrend in June.