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Cryptocurrency News Articles
Bitcoin Broke Past $109,000 – Key Levels to Watch Next
May 21, 2025 at 11:06 pm
Bitcoin has officially broken through the $109,000 level, marking a significant milestone in its ongoing rally.
Bitcoin price broke past the $109,000 level as seen in recent trading data from Binance saw the BTC/USD hit an intraday high of $109,259.94 before closing strong at $109,130.61, up 2.13% for the day.
After bottoming out near $72,000 in mid-March, Bitcoin has staged a remarkable rally. Breaking through key psychological levels like $90,000 and $100,000 was followed by accelerating momentum, leading to the recent breakout above $109,000.
Key Technical Levels to Watch
Now that Bitcoin has breached $109,000, here are the critical levels to monitor:
Resistance:
$110,000: A major psychological barrier just overhead. A clean break and hold above this could spark a run toward uncharted territory. $115,000 – $120,000: Potential target zones if bullish momentum continues and buyers step in aggressively.
Support:
$106,000 – $104,000: Recent consolidation zone; losing this could signal a short-term pullback. $100,000: A strong psychological support that could act as a bounce point on any correction. $96,000: The top of the previous breakout structure in early May, offering potential deeper support.
Volume Trends
The volume bar shows a modest uptick, suggesting that buyers are still in control, though not in full euphoria. A significant increase in volume could further validate the breakout and hint at continuation.
What’s Next?
With BTC/USD pressing toward all-time highs, all eyes are now on whether Bitcoin can sustain momentum above $110,000. Macro factors, institutional demand, and upcoming economic data will play key roles in shaping price action.
For now, Bitcoin remains in bullish territory—but traders should be cautious of potential volatility around these pivotal levels.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Ethereum Price, ETH Tokens, Rally Prediction: Is a New All-Time High In Sight?
- Aug 10, 2025 at 08:00 am
- Ethereum's price is surging, leading to speculation about a new all-time high. This article explores the factors driving the rally, potential risks, and alternative Ethereum-based tokens to watch.
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