Bitcoin (BTC) has reached a new milestone in its current rally, climbing to around $108,000 as of May 21, 2025.
A close look at recent price action reveals that this move isn’t a random spike—it’s part of a well-structured and sustained bullish pattern.
How Bitcoin Reached $108,000: A Price Action Breakdown
Looking at theBTC/USD chart, Bitcoin’s ascent to $108K can be traced through several technical phases:
1. Recovery From $75K
Around 40 days ago, Bitcoin bottomed out near $75,000, a level that marked the end of a steep corrective phase. This zone acted as a strong demand area, with aggressive buying pushing prices back above $90K within days.
2. Establishing Higher Lows
Throughout late April and early May, Bitcoin began forming a clear series of higher lows and higher highs, a classic indicator of a bullish trend. The market respected short-term support zones around $95K and $100K, indicating strong buyer control.
3. Breakout From Consolidation
Over the past two weeks, BTC consolidated between $102K and $106K, forming a tight range. This range-bound action typically precedes a breakout. On May 20–21, price broke above the range resistance and surged toward $108,000, signaling renewed strength.
4. Healthy Volume Profile
Volume analysis shows balanced participation during the consolidation, followed by an uptick during the breakout—confirming genuine buying interest, not speculative noise.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-reaches-108000-price-action-shows-controlled-structural-uptrend/