Kraken Reports Bitcoin Bullish Surge: Breaking Through Key Resistance Levels

Bitcoin has demonstrated a significant bullish momentum, breaking past the $108,500 resistance level and marking a 3% gain, as reported by Kraken. The cryptocurrency established a strong trajectory above $110,000, with the breakout confirmed by a trend line breach at $108,800 on the BTC/USD hourly chart. This surge in price has set the stage for a potential test of the $112,000 resistance zone, following a temporary consolidation after tapping the 23.6% Fibonacci level. The current market dynamics, as of July 10, 2025, indicate a robust buying interest, with bulls stepping in to drive the price higher. This development underscores the growing confidence in Bitcoin's market strength and its potential for further gains in the near term.

Bitcoin Breakout Alert — Price Turns Green as Bulls Step In

Bitcoin surged past the $108,500 resistance level, marking a 3% gain and establishing a bullish trajectory above $110,000. The breakout was confirmed by a trend line breach at $108,800 on the BTC/USD hourly chart, with data sourced from Kraken.

Momentum accelerated as buyers pushed the price beyond $109,500, setting the stage for a test of the $112,000 resistance zone. A temporary consolidation followed after tapping the 23.6% Fibonacci retracement level of the recent swing from $107,500 to $112,000.

The cryptocurrency now trades firmly above its 100-hour moving average, with immediate resistance observed NEAR $111,600. A decisive close above $112,500 could signal further upside potential.

Bitcoin Breaks Through $111,000 Resistance as Bulls Eye New ATH

Bitcoin surged past key resistance levels, climbing over 3% to breach the $110,000 mark. The rally began after clearing $108,500, with technical indicators confirming bullish momentum as BTC broke a bearish trend line at $108,800. Kraken data shows the cryptocurrency now trading above its 100-hourly moving average.

The next critical resistance sits at $112,000, with analysts eyeing $115,000 if buying pressure persists. A brief consolidation phase followed the push to $112,000, with Bitcoin testing the 23.6% Fibonacci retracement level from its recent swing low of $107,500.

Market structure remains favorable as BTC holds above $109,500 support. The $112,500 level now emerges as the next battleground—a decisive close above this threshold could signal continuation toward record highs.