Analyst: Bitcoin sets a record for daily closing, $110,000 is the next level to watch

ChainCatcher news, according to CoinDesk, Bitcoin (BTC) reached an all-time high on May 20, 2025, with a daily closing price of $106,830, breaking the previous record, and the next key resistance level is $110,000.

This surge was driven by continued capital inflows into the U.S. spot Bitcoin ETF, with investors increasingly interested in inflation-resistant assets like gold and Bitcoin.

Technical analysis indicates that if Bitcoin successfully breaks through $110,000, the next target could be $120,000.