Bitcoin has resumed its upward movement and already surpassed the $109,900 level after a solid correction to the $106,000 level over the past weekend. The fact that price held above $107,000 and rebounded strongly from it maintains a positive outlook for the cryptocurrency market.

This price level has clearly become a significant support zone, indicating that buyers are stepping in aggressively to prevent further declines. The bullish market scenario is also supported by several key factors. First, institutional interest in cryptocurrencies—particularly Bitcoin—continues to grow, strengthening the market's fundamental base. Large investors view cryptocurrencies as a means of portfolio diversification and a hedge against inflation, which fuels capital inflows. Second, the ongoing development of blockchain technology and its expanding use cases are creating new growth opportunities.

However, despite the optimistic outlook, it's important to remain aware of the risks. Crypto volatility remains high, and considering that we are trading near Bitcoin's all-time highs, buying at these levels can be risky. Regulatory shifts, macroeconomic factors, and geopolitical events can rapidly influence price. Therefore, while holding $107,000 and bouncing from it provides a positive backdrop, investors should remain cautious and make well-informed decisions, weighing all potential risks and opportunities.

Trading Recommendations

Bitcoin (BTC): From a technical perspective, buyers are now targeting a return to the $110,000 level, which opens the door to $110,700, and from there it's a short climb to $111,400. The furthest bullish target lies near $112,200—a breakout above this level would confirm further strengthening of the bull market.

In the event of a pullback, buyers are expected at $109,000. A drop below this level could quickly drive BTC toward $108,200, with a deeper support level around $107,300.

Ethereum (ETH): A firm close above the $2,588 level has opened a clear path to $2,625. The next key bullish target is $2,667, and a breakout above it would confirm a new bullish trend. If ETH declines, buyers are expected at $2,548. A move below this area could push ETH down toward $2,520, with the final support zone near $2,490.

What's on the Chart:

• Red levels: support and resistance zones where prices are expected to either pause or see strong reactions.
• Green line: 50-day moving average
• Blue line: 100-day moving average
• Light green line: 200-day moving average

Price interaction with moving averages (crosses or retests) often halts or initiates momentum in the market.