Bitcoin reached a new all-time high of $111,861 on May 22, 2025.
The breakout began after surpassing key resistance at $102,000.
Next resistance levels to monitor are $116K, $126K, $136K, and $148K.
After opening a breakout channel at 106K yesterday, Bitcoin the first and leading cryptocurrency has continued it uptick. Today, Bitcoin opened it price value during the Asian trading session at $108, 211 as it continued it bullish momentum. It was not just a normal momentum, Bitcoin has recorded a historic level reaching an all time high of $111, 861.
The History of Bitcoin: Here is What You Need to Know
Bitcoin entered the digital currency space in January 2009, marking the beginning of decentralized peer-to-peer finance. Developed under the pseudonym Satoshi Nakamoto, the project emerged after the 2008 financial crisis. The Bitcoin whitepaper, published in October 2008, described a system that allowed online transactions without relying on central institutions.
On January 3, 2009, the Bitcoin network went live with the mining of the genesis block. At launch, Bitcoin had no market price. Its first recorded value came in October 2009 when it traded at $0.0009 per coin. Bitcoin faced difficulty in gaining public attention and adoption. In May 2010, one user spent 10,000 BTC to buy two pizzas, marking Bitcoin’s first use in a real-world transaction.
By February 2011, Bitcoin reached parity with the U.S. dollar, Bitcoin’s history includes multiple price crashes and legal challenges. Governments and financial regulators began scrutinizing the asset due to concerns around fraud and illicit use. However, the asset currently stands as the key lead in the crypto market, this has initiated a new crypto race all over the globe for the 21 million limited share.
Bitcoin Current Market Trend Revealed
Tracking the current market performance, CoinMarketCap data indicates that BTC reached a new all-time high of $111,861.22 on May 22, 2025, following a steady upward movement. The asset gained 3.94% over the past 24 hours, trading at $110,990.24.During the observed period, the lowest value was $106,127.23, recorded on May 21, before the rally resumed.
The chart shows strong upward movement on May 21, where the price surged past $108,000. The price stood at $106,205.80, with a 24-hour trading volume of $54.73 billion. Volatility remained active throughout the session as the price fluctuated between the $106K and $112K range.
Source: CoinMarketCap
At the time of writing, Bitcoin maintains levels near $111,000. The upward trend placed the asset firmly in price discovery. This marks a significant breakout above prior historical resistance. Volume activity and consistently higher lows supported the continued upward trajectory throughout the session. The trend remains upward across the 24-hour window.
BTC Eyes New Resistance Levels in Price Discovery Phase
Despite the recorded milestone, market analyst have weighed on whether it will continue it strong performance. According to analysis prepared by Ali Charts, BTC has entered a price discovery phase after surpassing the $109,000 mark on the daily chart. The chart shows consistent upward movement since late April, where the price held above $94,000. Momentum accelerated after breaking the $102,000 resistance, followed by a continued rally above $106,000.
Source: Ali Charts (X)
If the bullish momentum holds, the next price levels to monitor are $116,000, $126,000, $136,000, and $148,000. Previous consolidation zones are visible near $90,000 and $98,000. The rally gained strength after clearing these levels in quick succession.
The lowest support zone remains around $75,200, based on the historical range shown. The price action indicates increased demand with minimal retracement. The market structure continues to form higher highs and higher lows across the last five weeks. BTC now operates within uncharted territory. Read MoreNews, Bitcoin News, Market News, NewsNow, Price Analysis, Bitcoin Analysis, Bitcoin Price, Bitcoin Price Prediction, BTC analysis, BTC Price, Crypto market, cryptocurrency
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