Things have taken a bit of a pause since Bitcoin reached its all-time high past the $111K mark. The BTC price is concentrated around this region, which suggests that bulls may be eyeing a new high soon.
Currently trading above its 100-hourly simple moving average, a bullish trend line has formed yet again, indicating that $110K has become the crypto’s new support.
The community is waiting with bated breath to see where the fate of BTC now lies with this new high. All indicators suggest a higher ground may be coming soon, but there are some apprehensions as well.
Regardless of the long-term outlook, Bitcoin has pushed the market into a new era, making it crucial to find the best crypto to buy now.
Bitcoin Price Analysis and Prediction
At the time of writing, Bitcoin is trading above the $111.15K mark and has a market capitalization of over $2.2 trillion. Charts show that the token has experienced a minor setback of 0.24% in the last 24 hours, but this has more to do with some investors getting nervous and bulls holding steady.
The 4-hour chart shows that Bitcoin is following a strong uptrend, with the price above the 100-day moving average. Based on the current trend, it is plausible that the BTC price could reach $113K by the first week of June.
Industry Leads Putting their Weight Behind Bitcoin in a Big Way
Bitcoin’s long-term prediction looks even more promising, with some of the biggest industry heavyweights giving ultra-bullish forecasts.
Blockstream boss Adam Back told a prominent crypto news outlet in an interview that Bitcoin’s price is still “too low,” forecasting that it could reach $500K to $1 million by the end of this cycle.
He said in the interview, “There doesn’t seem to be a clear logical reason to me for why we are only at $100,000. That’s not very high given all of the things that are different compared to a couple years ago.”
Geoffrey Kendrich, Global Head of Digital Assets Research at Standard Chartered, has made his own bullish prediction about Bitcoin. He says that the BTC price could reach $200,000 by the end of 2025, explaining that there is a pivot from U.S. assets toward non-sovereign stores of value.
“By 2029, Bitcoin could reach $500,000,” he added.
Investment firm Bernstein has echoed the same forecast, stating that Bitcoin could reach $200K in this bull run due to institutional inflows. Tim Draper expects BTC to reach $250K, even chiding investors for not holding the coin. Arthur Hayes is a bit more conservative with his $150K forecast, while Brian Armstrong is on the same page as Adam Back. The Coinbase CEO states that Bitcoin could eventually reach multiple millions.
Best Crypto to Buy Now – Top Picks
Bitcoin consolidating at its new high level with hopes for greater highs ahead means smart investors should pick assets that could offer the most benefit. Crypto ICOs are among the best choices. First, they are available at a discount, and second, they can benefit from both the listing pump and the broader bull run.
BTC Bull
Since Bitcoin is en route to greater highs, BTC Bull could be one of the best cryptos to buy now due to the strength of its narrative. The meme coin project follows a clear trendline, focusing on optimizing its own growth as Bitcoin makes another major stride.
BTC Bull has introduced two mechanics—token burns and Bitcoin airdrops—that are delivered to token holders once Bitcoin hits specific milestones.
The first mechanic, token burn, is set to trigger when Bitcoin reaches $125K, which could happen anytime now, considering the charts show BTC is on its way to achieving new highs. When Bitcoin hits $150K, the Bitcoin airdrop mechanic will be activated.
Adding more value to this unique approach is the image of a Bitcoin bull, which instills greater confidence among investors toward this project.
Many crypto investors have shown clear appreciation for the project, including Jacob Crypto Bury, who—before Bitcoin reached its all-time high—said that BTC Bull could have 10x potential.
Solaxy
Bitcoin’s surge is largely driven by institutional adoption. However, it can be argued that retail investors have always been the ones supporting Solana’s continued growth. The robust blockchain solution has gained many admirers, but as its size has increased, several scalability issues have begun to surface.
Solaxy is a project designed to fix this problem. As the world’s first Layer 2 solution for the Solana blockchain, this meme coin project offers strong utility. By implementing technologies like ZK rollups, Hyperlane, and Celestia, the project has been gaining a lot of traction.
A blockchain explorer has already been built, demonstrating that Solaxy is more than just a typical meme coin. Its primary goal is already clear: to make Solana scalable enough to support the creation of more meme coins within its ecosystem.
With close to $39 million already raised and the presale ending within the next 24 days, Solaxy could become the best crypto to buy now given the level of interest it has generated among investors.
Popular crypto analyst 99Bitcoins has already remarked that Solaxy is quickly becoming one of the top Solana-based tokens.
Mind of Pepe
Mind of Pepe is another asset that could make an explosive entry as Bitcoin continues its bullish phase.
This AI agent crypto could single-handedly bring the AI agent narrative within crypto back to the forefront, thanks to its unique agent currently providing deep market insights on X (formerly Twitter).
In addition to providing valuable market insights through social media, Mind of Pepe has also developed an AI terminal, which will go live once the token launches.
Over $10 million has already been raised by this project, and the presale will end within the next 8 days—leaving investors little time to invest in this innovative crypto.
