Bitcoin Smashes $111,750 Barrier in Relentless Seven-Week Bull Run

Digital gold just got more expensive—again. Bitcoin’s unstoppable rally defies gravity (and Wall Street skepticism) as it punches through another all-time high.

The $111,750 milestone cements crypto’s longest bullish streak since the 2021 mania. Traders cheer while traditional finance scrambles to explain how an ’internet token’ keeps humiliating their inflation-adjusted returns.

Seven straight weeks of green candles. No corrections. Just pure, uncut market euphoria—because nothing says ’healthy financial system’ like volatility that could give a hedge fund an aneurysm.

BTC price dynamics (Dec 2025 - May 2025). Source: TradingView

The breakout above January’s high was confirmed on Wednesday during the North American session, backed by a strong surge in volume. This technical breakout has now converted the previous resistance zone at $109,300 into a key short-term support. That level also aligns closely with the 20-period EMA on the 4-hour chart, reinforcing its role as the first line of defense in the event of a pullback.

Bitcoin RSI overbought, but breakout volume supports further upside

Momentum indicators show that Bitcoin’s RSI has been in overbought territory for several days. However, price action has defied the signal, extending gains above major resistance levels. The persistence of bullish demand suggests strong underlying buying pressure, possibly driven by anticipation of renewed institutional allocation and reduced selling from long-term holders.

At current market levels near $110,600, bitcoin is up nearly 4% for the week, 18% month to date, and 19% since the start of the year. The short-term focus has now shifted to potential upside targets at $115,000 and $120,000, levels that would mark new psychological milestones if broken.

While profit-taking NEAR current highs cannot be ruled out, technical structure and sustained volume suggest that the broader bullish trend is still intact. As long as Bitcoin holds above the $109300 support zone, traders are likely to interpret shallow dips as opportunities for re-entry rather than signs of trend exhaustion.

Bitcoin price inches toward record high as open interest climbs to $72B. Bitcoin is less than 2% away from its January all-time high of $109,300.