Kraken Observes Bitcoin’s Historic Surge Past $109,000 as Bulls Dominate

Bitcoin has achieved a groundbreaking milestone, soaring to an unprecedented all-time high above $109,000, signaling a strong bullish momentum in the cryptocurrency market. This remarkable surge underscores the growing confidence among traders and investors, with technical indicators pointing toward further gains. Kraken, a leading cryptocurrency exchange, highlights the significance of this development as Bitcoin consolidates near $107,000, with potential upside targets of $112,000. The formation of a key bullish trend line at $107,800 on the hourly chart further reinforces the supportive market structure. A breakthrough above the $110,850 resistance level could propel Bitcoin into another upward trajectory, building on its recent breakout from the $106,000 mark. This historic achievement not only reflects the resilience of Bitcoin but also solidifies its position as a dominant force in the financial landscape. As of May 22, 2025, the cryptocurrency community eagerly watches as Bitcoin continues to redefine market expectations, with Kraken at the forefront of this transformative movement.

Bitcoin Price Blasts to New All-Time High — Bulls Take the Lead

Bitcoin surged to a record high above $109,000, marking a decisive victory for bullish traders. The cryptocurrency has consolidated NEAR $107,000, with technical indicators suggesting potential upside toward $112,000.

A key bullish trend line forms at $107,800 on the hourly chart, reinforcing support. Clearing the $110,850 resistance could trigger another leg up, as momentum builds following BTC’s breakout from the $106,000 base.

Ethereum Price Eyes $3K Amid Bitcoin-Driven Market Rally

Ethereum has rebounded from a $2,440 support level, signaling potential upward momentum as it tests the $2,650 resistance zone. The second-largest cryptocurrency now trades above $2,540, comfortably positioned above its 100-hour moving average.

A bullish trend line forming at $2,500 on ETH/USD charts suggests strengthening technical foundations. Market observers note Ethereum’s delayed reaction to Bitcoin’s recent all-time high, with ETH now playing catch-up in what appears to be a broadening altcoin rally.

The $2,620 level represents the immediate hurdle for ethereum bulls. A decisive break could open the path toward psychological resistance at $3,000, particularly if Bitcoin maintains its dominant market position.