Bitcoin bulls grill sellers as Japan debt woes send gold past $3.3K

3 weeks ago

Key points:

Bitcoin and golden determination higher successful measurement amid jitters implicit Japan’s indebtedness occupation scope “boiling point.”
$108,000 remains a keen people for Bitcoin bulls amid ongoing firm buying.
Some inactive spot the existent BTC terms uptrend coming to an abrupt end.

Bitcoin (BTC) kept up unit connected $108,000 astatine the May 21 Wall Street unfastened arsenic a trader flagged aggregate bearish divergences.

Gold, Bitcoin Price, Markets, Market Analysis

Bitcoin joins golden successful Japan indebtedness reaction

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD returning to adjacent the apical of its intraday scope arsenic the US trading league began.

After its highest-ever regular close, BTC/USD looked progressively primed for a rematch with all-time highs conscionable supra $109,000.

🚨UPDATE: $BTC makes past with caller grounds regular close. pic.twitter.com/LSzuJNJUGx

— Cointelegraph (@Cointelegraph) May 21, 2025

Fresh concerns implicit Japan’s nationalist indebtedness offered a boost to some crypto and golden connected the day, with the second reaching $3,320 per ounce, its highest since May 12.

“A caller question of volatility is gripping Japanese fixed income markets arsenic 30-year Japanese Government Bond (JGB) yields surge past 3%, breaching historical levels and unsettling planetary investors,” trading steadfast QCP Capital commented connected the contented successful its latest bulletin to Telegram transmission subscribers.

“Japan’s ballooning indebtedness concern has agelong been a simmering concern, but it is present reaching a boiling point.”

On Bitcoin, QCP suggested that caller gains had been fueled by corporate accumulation, portion breaking all-time highs could reawaken retail interest.

“Price enactment appears intimately tied to treasury accumulation by Strategy and Metaplanet, who stay the header buyers astatine existent levels. There is increasing interest that these entities whitethorn correspond the past of the marginal bid, peculiarly with BTC hovering adjacent ATHs,” it continued.

“A slowdown successful their buying could trigger profit-taking from different marketplace participants and perchance reverse the prevailing uptrend.”

BTC terms inclination spot flashes warning

Elsewhere, concerns implicit inclination spot came from the BTC/USD illustration itself.

Popular trader Roman, among those taking a blimpish presumption of marketplace structure, warned that Bitcoin’s comparative spot scale (RSI) was present offering 3 bearish divergences astatine erstwhile connected regular timeframes.

“3 levels of bearish divergences present appearing connected RSI. I would expect 101 to beryllium retested earlier we perchance determination higher (or lower),” helium told X followers.

“I inactive person my sights connected little wide but could supply a decent abbreviated word introduction for some shorts & longs.”

As Cointelegraph reported, determination is nary shortage of bullish BTC terms targets presently successful force.

$116,000 is an increasingly fashionable area erstwhile all-time highs are breached, with a $128,000 “blow-off top” besides connected the radar.

Others person made overmuch loftier predictions, including $220,000 oregon much successful 2025.

Updating his semipermanent view, trader and expert Aksel Kibar said that the bull inclination “remains intact” this week, with an accompanying illustration reiterating a $137,000 target.

“Despite relentless macro headwinds including surging enslaved yields, tariff escalations and mounting stagflation risks successful the US for Q3 and Q4, BTC has demonstrated singular resilience implicit the past month,” QCP concluded.

“That said, a breakout to caller highs could ignite a caller question of FOMO, dragging successful sidelined retail superior and pushing prices adjacent higher.”

This nonfiction does not incorporate concern proposal oregon recommendations. Every concern and trading determination involves risk, and readers should behaviour their ain probe erstwhile making a decision.

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