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:
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:
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:
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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