Bitcoin has officially broken above the $103K threshold for the first time since January 2025. The advance is an affirmation of a strong bullish breakout from its previous trend of consolidation. The advance is driven largely by institutions and big-cap investors’ massive buying demand.
According to the numbers reported by blockchain analytics tools, over 344,620 wallets were established recently, and this shows an increasing number of retail investors who are willing to join the fray. The said interest would have been a result of recent price appreciation as well as other institutional re-entry into the crypto market.
Market Activity and On-Chain Strength
All age cohorts of Unspent Transaction Output (UTXO) are already profitable for the first time ever. That is, all the owners of Bitcoin, from short-horizon biased speculators to long-horizon investors, are already profitable. Bitcoin’s Realized Cap increase recently also means that long-horizon investors and ETFs adding longs, i.e., they think prices will still go up in the future.
Technical Indicators Confirm Bullish Trend
Intraday technical graphs affirm the momentum in the uptrend. The price of Bitcoin has broken through the upper Bollinger Band, which was set at $102,701. Recent trade statistics show Bitcoin around $103K, rising 3.69% within the last 24 hours. If the ongoing uptrend momentum continues, the next key resistance will be at $108,000, in accordance with previous price increases.
On the flip side, in case of a pullback, the key support levels would be at the 20-day simple moving average of $94,938 and further support at $87,175. The MACD indicator also augurs well for the bulls as it is still above the signal line, which means building momentum with the buyers.
The surge of Bitcoin beyond $103K indicates rising pressure from demand by retail and institutional investors. With the backing of technical indicators, the outlook is bullish. Traders and market participants expect more movement in the high-velocity environment.
