Bitcoin Defies Gravity: Monthly Rally Sparks $100K Speculation

Another green month for BTC—despite Wall Street’s ’experts’ predicting its demise. The king coin keeps climbing while traditional finance scrambles to justify its outdated models.

Breaking down the rally: Institutional inflows hit record highs, retail FOMO is creeping back, and that ’hyperbitcoinization’ chatter won’t quit. Meanwhile, gold bugs weep into their safe-haven spreadsheets.

What’s next? The charts scream bullish, but remember: crypto moves faster than a hedge fund dumping bad positions. Watch those key resistance levels—because when BTC runs, it doesn’t wait for permission.

TLDR

• US trade court ruling against Trump tariffs has shifted market sentiment toward Bitcoin price recovery
• BTC trades near $109,000 after hitting $111,970 all-time high, showing 15% monthly performance despite recent pullback
• Technical analysis reveals MVRV ratio at 2.36 sits above key support but faces potential resistance at 2.93 level
• Spot Bitcoin ETF inflows reached $2.75 billion in recent week while retail investor activity remains muted
• Analysts project $120,000 price target based on institutional demand and improved trade policy outlook

A federal trade court decision has created fresh Optimism for Bitcoin’s price trajectory. Legal experts blocked President Trump’s tariff implementation, leading to revised market forecasts.

The ruling came on May 28 when the US Court of International Trade determined TRUMP exceeded his executive authority. This legal setback for the administration has implications beyond trade policy.

Market analysts view the court decision as a catalyst for cryptocurrency price movement. The removal of tariff uncertainty appears to be influencing investor behavior across risk assets.

Bitcoin currently trades around $109,000 with modest daily declines of 0.6%. The cryptocurrency maintains its position NEAR recent highs despite short-term volatility.

Weekly performance shows BTC down 3.36% from previous levels. However, the monthly view reveals stronger fundamentals with 15% gains over the past 30 days.

The all-time high of $111,970 was established on May 22 during a period of institutional accumulation. Price action since then reflects normal consolidation patterns following major breakouts.

Pav Hundal from Swyftx believes the legal development removes a key obstacle to Bitcoin’s upward momentum. His analysis suggests psychological barriers have been eliminated.

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🔹 Dow futures up 1.4%
🔹 S&P 500 futures up 1.6%
🔹 Nasdaq futures up 2%

Great news for the markets 📈$ES $NQ $YM pic.twitter.com/WnPOxzp1Y9

— Trader Edge (@Pro_Trader_Edge) May 29, 2025

Technical Metrics Point to Mixed Outlook

The MVRV ratio provides insight into market positioning and holder profitability across different time frames. Current readings show 2.36, which exceeds the critical 365-day moving average of 2.14.

Historical data indicates MVRV crosses above the yearly average often precede sustained price increases. The April example demonstrated this relationship when Bitcoin moved from $94,000 territory to record highs.

CryptoQuant contributor Burak Kesmeci warns about approaching resistance levels. The 2.93 MVRV threshold has historically created challenges for continued rallies.

Previous market cycles show this resistance zone triggers reassessment among large holders. Profit-taking behavior often emerges when these technical levels are tested.

The current positioning suggests bitcoin remains in favorable territory for continued gains. However, the approaching resistance requires careful monitoring from traders and investors.

Investment Flows Show Institutional Preference

Professional investment vehicles continue attracting capital despite retail investor hesitation. US-based spot Bitcoin ETFs recorded $2.75 billion in net inflows during the week ending May 23.

This institutional demand contrasts sharply with retail participation metrics. Small-value transfers under $10,000 remain subdued compared to previous bull market periods.

Hundal describes current conditions as featuring “a wall of money” from corporate and institutional sources. This professional investor interest provides price support even during correction phases.

The absence of retail participation differs from historical patterns seen in 2020-2021. Previous cycles gained momentum when individual investors joined institutional buying.

Retail engagement typically amplifies price movements initiated by professional investors. The current environment lacks this multiplier effect despite strong institutional foundations.

On May 28, Bitcoin Spot ETFs recorded $432.7 million net inflows.

Ethereum ETFs recorded $84.9 million net inflows. 👀 pic.twitter.com/tOfL2DBAZb

— crypto Crib (@Crypto_Crib_) May 29, 2025

Standard Chartered maintains its $120,000 first-half target for Bitcoin pricing. The bank’s digital assets team cites stablecoin growth as a supporting factor for higher valuations.

Their analysis extends the price projection to $200,000 by year-end. This forecast assumes continued institutional adoption and favorable regulatory developments.

The Trump administration’s appeal of the court ruling may create additional uncertainty. However, analysts believe market sentiment has already adjusted to reflect reduced tariff risks.

Trade policy clarity often benefits risk assets including cryptocurrencies. The court decision removes one source of macroeconomic uncertainty that had pressured digital asset prices.

Current market positioning suggests Bitcoin maintains upward bias despite technical resistance ahead. The combination of institutional flows and reduced policy uncertainty supports higher price targets.