Bitcoin Above $109K Signals Bullish Control and Potential Breakout 📈
Bitcoin has held steady above the crucial $109,000 support level, invalidating a bearish pattern and confirming that bulls are firmly in control, per Cointelegraph analysis . Technical indicators—like rising moving averages and RSI—support upside momentum, with analysts eyeing possible moves toward $116K and even a breakthrough above $150K if key resistance near $111,980 is surpassed. Meanwhile, strong inflows into spot Bitcoin ETFs and dwindling BTC reserves on exchanges reinforce the bullish case, though a drop below $109K could trigger a pullback to $105K or lower.
