Bitcoin Price Analysis: Bulls Eye $118K as Momentum Builds

This marks the cryptocurrency's highest price since January 7, after weathering a turbulent start to the year 2025 that saw lows near $90,000.

Bitcoin price hit a new high for 2025 on Monday, breaching the $100,000 level for the first time since January 7. The latest CPI data in the U.S. showed a smaller-than-expected increase, offering some relief to inflation concerns.

BTC price hovered around $104,000 at the time of writing, up nearly 2% over the past 24 hours. The world’s largest cryptocurrency had hit a low of about $90,000 in early January amid a broader market downturn.

The price surged later in the month after U.S. President Donald Trump announced his administration’s crypto agenda. Trump said his administration would designate crypto a national priority and explore the possibility of a U.S.-backed reserve of digital assets.

Bitcoin price now eyes $118,000 as momentum builds

A glance at the technical indicators on the BTC chart may provide some insight into the possible future price movements.

Short-term indicators seemed to suggest potential growth. The 10-day Simple Moving Average stood at $99,274, higher than the 100-day SMA of $96,024. This indicated a positive trend.

The Relative Strength Index (RSI) was at 51.91, indicating neutral momentum but leaning slightly bullish. A MACD level of 309.40 also supported the possibility of continued price appreciation.

Pivot Levels

BTC Price Outlook If Bitcoin manages to breach the immediate resistance level of $107,554, it could aim for the second resistance at $118,924, presenting potential gains of around 6% to 18%.

Conversely, if the price drops below the support level of $84,813.72, it may find the next support at $73,443.45, which would indicate a decrease of about 5% to 18%. These levels are particularly significant for traders watching for substantial market movements.

In parallel, the blockchain space witnessed further momentum as XYZVerse, the first-ever all-sports memecoin, raised over $5 million in initial funding.

XYZVerse: The Best New Meme Project You Can’t Afford to Bench

Coinciding with Bitcoin’s ascent, XYZVerse has made waves by raising over $5 million in its presale, powered by a unique vision that combines the thrill of sports with the meme coin phenomenon. Catering to fans of football, basketball, MMA, and esports, XYZVerse offers an innovative experience for crypto enthusiasts and sports lovers.

The presale, which is structured in 15 stages, features a dynamic pricing model where $XYZ tokens increase in value with each phase. Currently in stage 10, $XYZ is priced at $0.002, while the final presale stage will set the price at $0.10.

>>>$XYZ presale is your first-quarter chance to get in before the next price increase<<<

Built to Last: XYZVerse’s Vision for Sustainable Growth

Unlike many short-lived meme coins, XYZVerse boasts a robust roadmap designed for long-term success. With 15% of the token allocation reserved for liquidity and 10% dedicated to community rewards such as airdrops and bonuses, the project ensures a solid foundation for growth.

A deflationary burn mechanism will further enhance token scarcity by removing 17.13% of the total supply over time, potentially driving up value.

The project also emphasizes security and credibility. Audited smart contracts and plans for listings on major centralized and decentralized exchanges (CEX and DEX) cement XYZVerse as a trustworthy venture in the crypto space.

XYZVerse Sets Sights on the G.O.A.T. of Meme Coins Status

In pursuit of its mission of becoming the Greatest of All Times (G.O.A.T.) meme coin, XYZVerse has recently been awarded the Best New Meme Project title.