Bitcoin is showing strong growth and came within a step of reaching a new all-time high. However, it's important to understand that taking this final step will be quite challenging and would require a significant catalyst. For now, the odds of a correction and a return to the 106,000 level are much higher than a breakout above 111,000.

Meanwhile, Michael Saylor stated that there will be no more crypto winters for BTC due to accelerating regulatory changes around the world. In addition, strong support from the U.S. government and, consequently, the rapid adoption of Bitcoin among institutional and corporate players also plays a major role.

It is evident that increased regulatory oversight by governments worldwide is creating a more transparent and predictable environment for crypto investors. This reduces uncertainty and encourages capital inflows. Support from the U.S. government, especially from the new Trump administration, is quite clear, as shown by the recognition of digital assets as an asset class and the development of a legislative framework. This creates a favorable climate for the growth of the crypto industry and encourages institutional investors to participate more actively.

Finally, the broader adoption of BTC among institutional and corporate players indicates growing confidence in cryptocurrency as a long-term investment tool. Large companies and financial institutions are starting to add BTC to their balance sheets and build investment strategies around it, which signals market maturity and its resilience to volatility. According to Saylor, this trend will only gain momentum, making future "crypto winters" in BTC unlikely.

Trading Recommendations:

As for Bitcoin's technical picture, buyers are currently targeting a return to the $109,800 level, which opens a direct path to $110,500, and from there it's just a short step to $111,100. The furthest target would be the high near $111,900, a breakout above which would confirm a strengthening bull market. In case of a decline, buyers are expected around the $109,100 level. A return of the instrument below this level could quickly pull BTC down toward the $108,400 level. The furthest downside target would be the $107,700 level.

As for Ethereum's technical picture, a clear consolidation above the $2808 level opens a direct path to $2837. The furthest target would be the high near $2868, and a breakout above it would confirm a developing bull market. In case of a decline, buyers are expected around the $2766 level. A return of the instrument below this area could quickly bring ETH down toward $2734. The furthest downward target would be the $2705 level.

What's on the chart:

• Red levels represent support and resistance zones, where a price slowdown or a strong upward move is expected.
• Green line: 50-day moving average;
• Blue line: 100-day moving average;
• Light green line: 200-day moving average.

A price test or crossover of these moving averages typically either halts price movement or gives the market new momentum.