According to The Kobeissi Letter, Bitcoin has surged by 48% since its April 7th low, officially reaching a new all time high as of May 21, 2025 (source: The Kobeissi Letter, Twitter). This breakout signals renewed bullish momentum in the crypto market, prompting traders to watch for increased volatility, potential profit-taking, and shifts in support and resistance levels. The new high is likely to attract institutional interest and could impact altcoin price action through increased capital inflow and heightened trading volumes.

According to Crypto Rover, Bitcoin is pushing towards new all time highs, signaling strong upward momentum in the BTC price action (source: @rovercrc, May 11, 2025). This sustained bullish trend is driving significant trading volume, attracting both institutional and retail investors. Traders should closely monitor resistance and support levels as volatility is expected to increase, potentially impacting altcoin markets and broader crypto trading strategies.