‎Bitcoin Poised for New Highs as Price Surpasses $108,900 Resistance

‎BTCUSD Market Analysis – June 11

‎Bitcoin is showing strong bullish momentum as it breaks above the key $108,900 resistance level, signaling a potential move toward new all-time highs.

‎Bitcoin (BTCUSD) Key Levels

‎Support Levels: $86,200.00, $74,200.00
‎Resistance Levels: $95,900.00, $108,900.00

‎BTCUSD Long-Term Trend: Bullish

‎Bitcoin continues its steady ascent, recently breaching the significant $108,900 resistance level. This upward move builds on the strong bullish momentum initiated following the major low established in early April 2025. Since then, the price has broken through multiple resistance levels, signaling renewed market strength. A comparable bullish structure last appeared in early September 2024, which led to the previous all-time high.
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‎Currently, buyers remain firmly in control, driving prices higher in pursuit of a new all-time high. Although Bitcoin appears to have already set a fresh record, bullish momentum remains intact, suggesting further upside potential in the near term.
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‎The most recent price action reflects a sweep of sell-side liquidity, which was quickly met by aggressive buying. This has triggered a strong bullish response, confirmed by the daily Moving Average maintaining a positive slope—adding confluence to the ongoing bullish dominance.

‎BTCUSD Medium-Term Trend: Bullish

‎On the medium-term chart, Bitcoin has clearly demonstrated bullish intent after breaching the $108,900 resistance. This move came on the back of a liquidity grab and was marked by a bullish break of market structure—affirming the strength of the current trend.
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‎However, after slightly surpassing this resistance zone, bullish momentum showed signs of temporary exhaustion. This pullback is not necessarily indicative of a trend reversal but rather a healthy correction. The 4-hour Relative Strength Index (RSI) indicates overbought conditions, prompting a minor bearish reaction as price seeks equilibrium.
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‎This retracement is expected to continue towards a nearby 4-hour order block, where price is likely to find fresh demand. If support holds in this zone, the bullish trend is expected to resume, targeting higher levels.

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