The post Trading Above $108,000 With Bullish Trend Line Formation appeared on BitcoinEthereumNews.com.

TLDR Bitcoin price trading above $108,000, forming a bullish trend line with potential for breakout above $110,750 Massive 7,883 BTC net outflow from Coinbase suggests institutional accumulation Bitcoin recently reached an all-time high of $111,980 before correcting Some analysts predict Bitcoin could reach $120,000 by the end of the week Robert Kiyosaki forecasts Bitcoin at $250,000 by the end of 2025 Bitcoin is currently trading near $109,000, consolidating gains after reaching an all-time high of $111,980 last week. The cryptocurrency has shown resilience despite a correction that saw it drop to around $106,683 on May 25. The price has found support above the $108,000 zone and the 100-hourly Simple Moving Average. A connecting bullish trend line is forming with support at $108,800 on the hourly chart of BTC/USD. On the upside, immediate resistance is near the $110,000 level, with the first key resistance at $110,750. Breaking above this level could push Bitcoin to test the $111,800 resistance. If the price closes above $111,800, it might continue rising toward $113,000 and potentially $115,000. Bitcoin Price on CoinGecko If Bitcoin fails to break above the $110,750 resistance, it could start another correction. The first major support level is near $108,350, followed by $107,850. Further losses might push the price toward the $106,500 support, with the main support level at $105,000. Institutional Interest Growing Recent exchange activity suggests strong institutional interest in Bitcoin. Coinbase, the leading US-based cryptocurrency exchange, recorded a net outflow of 7,883 BTC on May 26, marking the third-largest single-day BTC outflow from the exchange in the past month. Large Bitcoin outflows from Coinbase are often linked to institutional purchases or spot Bitcoin ETF inflows. Since most US-listed spot Bitcoin ETFs source their BTC from Coinbase, this transaction could indicate ETF involvement or a corporate acquisition. One possible buyer is…

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Filed under: News - @ May 28, 2025 8:20 am