Bitcoin continues its rise, surpassing the $110K mark. Price dynamics are supported by high institutional activity and technical signals.
Golden Cross Signals Strength in Bitcoin’s Uptrend
Analyst Benjamin Cowen noted that Bitcoin is continuing its impressive bull trend following the golden cross event, where the 50-day moving average crosses above the 200-day average. This supports the long-term bullish structure of the cryptocurrency. Despite a sharp pullback in February, Bitcoin managed to recover, reaching above $90,000 in March. Volume patterns confirm institutional interest, especially during breakouts above psychological levels.
Falling Wedge Breakout Fuels Bullish Continuation
Technical analyst Lucky identified a classic falling wedge pattern formed from December 2024 to March 2025. This structure indicated decreasing selling pressure and signaled an upcoming breakout. The breakout occurred in late March, triggering a rapid rally for Bitcoin, which advanced quickly through April and early May.
Overview of Current Bitcoin Market Status
According to current indicators, Bitcoin trades above all key levels with upward momentum intact. Investors are now watching the next resistance level, which is around $115,000.
Bitcoin shows confident growth as it reaches new heights, driven by a combination of technical signals and sustained institutional interest. Further growth is expected to be supported by strong fundamental indicators.
