PANews reported on May 19 that Ryan Lee, chief analyst at Bitget Research Institute, said that from a technical point of view, Bitcoin is close to forming a "golden cross" pattern, which is expected to start a new round of upward trend. This signal is highly similar to the trend of Bitcoin rising from $70,000 to $100,000 at the end of 2024, and the short-term target range is $110,000 to $125,000.

From the medium-term trend, the trend is optimistic. Driven by the inflow of spot ETF funds, the tightening of supply after halving, and the continuous entry of institutions, Bitcoin is expected to reach $112,000 to $180,000 this year. As for Ethereum, if ETH-related ETFs gain more attention and the "Pectra" upgrade makes substantial progress in L2 expansion, its price is expected to reach $3,900 to $6,900.

At the same time, Ryan also reminded investors to pay attention to related risks. If there is a large-scale profit-taking in the short term, Bitcoin may fall back to the $90,000-95,000 range, and Ethereum may also fall to $1,800. Investors are advised to continue to pay attention to key indicators such as U.S. Treasury yields, ETF fund inflows, and exchange net flows to determine the sustainability of market trends. Before the next wave of increases is confirmed, it is particularly important to maintain patience and robust risk control.