#BTCBreaksATH

Bitcoin's climb toward $109,000—and even touching $111,000 intraday—is a striking signal of renewed bullish momentum in the crypto market. Institutional demand remains strong, with significant inflows into spot ETFs and whales accumulating off-exchange holdings

Macroeconomic factors—such as hopes for a Federal Reserve rate cut, easing U.S.–China trade tensions, and even tariff-related uncertainty—are boosting risk-on sentiment and benefiting crypto.

Some analysts are pointing to a “rising wedge” pattern and resistance around $109.7 K–$110 K; a breakout above might propel Bitcoin toward its May high near $112 K.

However, momentum shows signs of wavering at these levels, signaling that fresh catalysts—like clearer Fed guidance or strong inflows—will be critical to sustain the rally

In short, Bitcoin’s surge to around $109K underlines robust market confidence, but upcoming economic data and central bank decisions may define whether this rally evolves into a true breakout.