Bitcoin Hits $111K on Pizza Day: Is This Just the Beginning of a New Mega Bull Run?

I still remember the first time I heard about Bitcoin Pizza Day. It felt like a geeky footnote in the crypto story. Fast forward 15 years, and today — May 22, 2025 — Bitcoin just broke past $111,000 , making history on the exact same day that two pizzas were traded for 10,000 BTC back in 2010.

It’s not just symbolic — it’s powerful.

From a trader’s perspective, I’ve been watching this chart closely. After months of accumulation, dips, and fakeouts, we’ve finally seen BTC smash through previous highs with serious volume.

What’s even more interesting is the precision: the breakout happened right into the key resistance zone that many traders had marked from the old highs.

Chart link: https://www.tradingview.com/x/deSkXumz/

Looking at the daily timeframe, there’s a clear structure:

We saw consolidation from late March to early May.

Breakout started with strong momentum candles and above-average volume.

The candle that pushed BTC to $111,770 was followed by a minor rejection — totally normal at this level.

This move created a new ATH (All-Time High) , even if followed by some short-term profit-taking.

But here’s the key: this isn’t just about hitting $111K. It’s about holding above $104K–$106K, the previous resistance. If that zone becomes support, we could be looking at $120K and beyond in the short term.

“Bull markets aren’t just built on breakouts. They’re built on what happens after.”

If Bitcoin holds above $106K and reclaims $111K with volume, my next short-term target is $120K–$125K. If not, I’ll look for a retest of the $100K psychological level, which could offer an incredible long entry if momentum returns.

And no, this isn’t just hopium. Institutional demand is growing, and we’re seeing news that big players — from banks to ETFs — are piling in. This isn’t 2021. The game has changed.

After finding a local bottom around $76,000 in April 2025, Bitcoin began a structured and powerful uptrend , marked by a series of higher lows and consistent breakouts of key resistance levels .

The bullish momentum gained real strength once BTC cleared the $88,000 zone, and from there it moved decisively through several major levels:

$92,000 : clean breakout with rising volume

$96,000 – $100,000 : key psychological barrier broken with confidence

$104,000 : last major resistance before the run to all-time highs

The final breakout happened just before May 22 , pushing Bitcoin above $111,000 and setting a brand new All-Time High (ATH) — coincidentally aligning with Bitcoin Pizza Day , which gave the rally extra symbolic weight.

The move has been supported by strong and increasing volume , confirming genuine buying pressure rather than pure speculation. The current dip around $109,000 appears to be a healthy pullback after such a steep climb.

After reaching a new all-time high above $111,000 , Bitcoin is now at a critical inflection point .

On one hand, the trend remains bullish . The structure is strong, supported by momentum and volume. If Bitcoin holds above the $104,000–$106,000 support zone, it could build a new base for the next leg up — potentially aiming for $120,000 and beyond .

However, it’s also natural to expect a short-term pullback after such an aggressive rally. If buyers fail to hold the current levels, we could see a retest of the psychological $100,000 mark , or even a revisit to $96,000 , where the last major consolidation occurred.

In summary:

Bullish scenario : consolidation above $104,000 followed by continuation

Bearish scenario : break below $100,000 triggering a deeper correction

Either way, Bitcoin has proven its resilience and demand , and as long as the macro trend stays intact, any dip may be seen as a potential buying opportunity .

Stay alert, watch the key levels, and let the price action guide your strategy.

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This article is educational and is not a guarantee or personalized financial advice. Conditions, prices, availability, incentives, and regulations can change. Use conservative risk management and confirm recent information before acting.

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