Bitcoin Explodes to $111K — $150K Coming Sooner Than You Think?
After peaking in 2021 and going through a painful correction, Bitcoin found its bottom in late 2022 near $15,500. What came next followed a familiar pattern: a long period of sideways movement and accumulation in 2023, where monthly candles tightened and formed a base. That steady groundwork eventually led to a strong breakout past $30K, kicking off a new bullish cycle.
By mid-2024, Bitcoin wasn’t just recovering, it was surging. It moved through major resistance levels like $60K and $90K with surprising ease, finally pushing above $100,000 and now reaching a new milestone of $ 111,000. The latest monthly candle is large and green, another signal that this isn’t just a spike, it’s a breakout backed by momentum.
Bitcoin Breaks $111K: What the Chart Is Telling Us
The rise of Bitcoin above $111,000, as indicated by popular crypto analysts Cointelegraph on X, formerly known as Twitter, is more than just a headline. It’s the continuation of a major trend that’s been building since the lows of 2022. If you zoom out to the monthly BTC/USD chart from 2021 to 2025, the structure tells a clear story: a strong recovery, consistent higher lows, and breakout after breakout.
Bitcoin has now entered price discovery mode. That means there’s no historical ceiling above us, and the only guides are psychological round numbers like $120,000, $150,000, and $200,000. The overall trend remains bullish, with no immediate signs of weakness in the structure.
Support, Volume, and Market Psychology
In any strong uptrend, support zones matter more than resistance. The $90K–$95K area, recently tested and held, is now a key support level. If the market cools off, look to $60,000–$70,000 as the next major area of interest. But right now, buyers are still firmly in control, and dips are being absorbed quickly.
Volume tells the same story. Breakouts in late 2023 and mid-2024 were backed by surging volume, showing strong market participation. The most recent move above $100K came with renewed volume as well, suggesting that this isn’t just speculative momentum, it’s real demand. At this point in the cycle, sentiment often takes over technicals, and big round numbers like $150,000 start to feel within reach.
Bitcoin Explodes to $111K — $150K Coming Sooner Than You Think? was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
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