Bitcoin has officially broken through the $109,000 level, marking a significant milestone in its ongoing rally.
As seen in recent trading data from Binance, BTC/USD hit an intraday high of $109,259.94, closing strong at $109,130.61, up 2.13% on the day.
After bottoming out near $72,000 in mid-March, Bitcoin has staged a powerful rebound. The breakout above key psychological levels like $90,000 and $100,000 was followed by accelerating momentum, culminating in the recent surge past $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.
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-broke-past-109000-key-levels-to-watch-next/