Bitcoin Smashes Records: BTC/USD Blasts Past $109,400 in Historic Rally

Digital gold just got heavier—Bitcoin’s price catapulted to an unprecedented high, leaving traditional assets eating dust. Here’s why this isn’t your grandma’s savings account.

The surge defies Wall Street’s allergy to volatility, proving crypto’s staying power. Meanwhile, hedge funds are still trying to short tulips.

This rally isn’t a fluke—it’s a middle finger to inflation and a love letter to decentralization. Buckle up.

Bitcoin soars above its all-time high

Bitcoin broke above its $105,000 resistance level on Sunday, rising above $106,000 before finding support NEAR $105,200 on Monday. At the time of writing on Wednesday, it rallied and broke above its all-time high of $109,228 set on January 20.

If BTC continues its upward trend into uncharted territory, it could extend the rally toward its next major psychological milestone at $120,000.

The Relative Strength Index (RSI) and Stochastic Oscillator are in their overbought regions, indicating strong bullish momentum. However, traders should be cautious as the chances of a pullback are high due to its overbought condition. The 50-day Simple Moving Average (SMA) is on the verge of crossing above its 200-day SMA, signaling a potential golden cross on the daily chart. If the crossover occurs, it WOULD confirm another buy signal.

BTC/USD daily chart

However, if BTC faces a pullback and closes below $105,000, it could extend the decline to retest the support near its psychological level at $100,000.

(This is a breaking news and will be updated as the story develops)