BTCC / BTCC Square / CryptotimesIO /
Bitcoin Miners Rake in $10M Windfall as BTC Rally Accelerates—Is $109K the Next Stop?

Bitcoin Miners Rake in $10M Windfall as BTC Rally Accelerates—Is $109K the Next Stop?

Published:
2025-05-12 15:24:07
8
2

Bitcoin’s latest price surge isn’t just making traders sweat—it’s filling miners’ pockets. With $10M in fresh profits, the hash rate war is heating up faster than a GPU in a overclocked rig.

Price predictors are foaming at the mouth: ’Technical indicators suggest $109K could be imminent,’ says one analyst, while Wall Street quietly shuffles its ’blockchain adoption’ PowerPoint decks for the third time this year.

Will the rally hold? That depends on whether the ’greater fools’ outnumber the profit-takers this week. Either way, the mining farms keep humming—and the suits keep fumbling.

Bitcoin Miner’s Profit Jumps to Over $10 Million

Ali Martinez, a well-known technical crypto analyst with a substantial followers of over 137,000 on X (formally Twitter), has recently highlighted the increasing profits of miners from Bitcoin mining. As per the data of CryptoQuant, the realized profits of early miners has increased to $10.372 million as the price of Bitcoin approaches the $103,000 mark.

#Bitcoin $BTC miners have realized over $10.37 million in profits! pic.twitter.com/QbDQSUF0PG

— Ali (@ali_charts) May 12, 2025

This highlights an increase in the bullish sentiment for the largest cryptocurrency token in the market. Following this, the million-dollar question arises “What’s next for Bitcoin this week?” Let us now understand the weekly Bitcoin price prediction.

BTC Price Fails To Breach Its Resistance of $105,000

With a drop of 1.35% in 24 hours, the bitcoin price is back below the $103,000 mark. Notably, the largest crypto token has recorded a 24-hour trading volume of $56.846 billion. This has resulted in it achieving a market capitalization of $2.045 trillion and a dominance of 61.74%.

Btc/Usdt Price Chart

Source: TradingView (BTC/USDT)

The Moving Average Convergence Divergence (MACD) records a constant green histogram in the bitcoin price chart. Moreover, the 12-day and 26-day EMA continues displaying a significant rise. By evaluating the present sentiments, the value of BTC may continue rising this week.

On the other hand, the Simple Moving Average (SMA) witnesses a sharp rise and constantly supports the price action in the daily time frame. This highlights an increase in the buying-over-selling pressure for the crypto token in the market.

Will Bitcoin Price Rise Again This Week?

If the bulls regain momentum, the Bitcoin price could retest its important resistance of $105,000 soon. If the bullish sentiment intensifies at that point, this could result in it heading toward its ATH of over $109,000 this month.

However, if the bears overpower the market, the BTC crypto price could retest its milestone price of $100K. Suppose, the market fails to hold its value at that point, in that case, it could plunge toward its lower support level of $98,000 this week.

Also Read: TRUMP Advisor’s Bitcoin Firm Merger Sends KindlyMD Stock Up 600%

    

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users