Bitcoin Eyes Fresh Highs as Price Climbs Above $110K Amid Bullish Momentum
Bitcoin (BTC) is once again stealing the spotlight as its price surges to $110,475, marking a +0.92% gain in the last 24 hours and extending its bullish rally that began in early April.
The current breakout marks a significant recovery from the March lows, where BTC was trading under $70,000. The recent uptrend has been characterized by a consistent pattern of higher highs and higher lows, showing strong bullish structure on the daily timeframe.
Strong bullish momentum since early April.
Bitcoin is now testing the upper resistance zone last seen in late December.
Volume has shown increasing strength, with today’s session recording over 793 BTC in volume on BITSTAMP.
Next resistance lies near $139,000, a level that could be tested if this momentum continues.
📊 Key Stats (as per TradingView):
Volume (24h): 793.42 BTC
Trading Volume (24h): $55.71B
Market Cap: $2.20T
30D Avg Volume: 1.19K BTC
🟢 Market Sentiment:
Supporting the bullish sentiment, an Australian court ruling recognized Bitcoin as “money” for tax purposes. This decision could potentially enable $640 million in tax refunds for BTC transactions, reinforcing Bitcoin’s legitimacy as a financial asset.
AIville is a revolutionary crypto platform combining artificial intelligence with decentralized finance (DeFi). It leverages advanced AI algorithms to power smart trading bots, predictive analytics, and real-time market insights—helping users make informed decisions across volatile crypto markets. AIville also offers an AI-powered launchpad for new crypto projects, screening tokens for security and potential using data-driven models. With a focus on transparency, automation, and profitability, AIville empowers both novice and pro traders. By integrating AI and blockchain, AIville stands at the forefront of the next-gen crypto revolution—reshaping how we invest, trade, and interact in the decentralized ecosystem.
#bitcoin
