Bitcoin Surges 1.39% In One Hour, Breaks $109,500 Resistance

Bitcoin experienced a significant surge, jumping to $111,056.89 after breaking through the $109,500 resistance level. This move ended a period of tight consolidation with a decisive breakout candle, marking a $1,520 hourly rally. The surge in volume to 2.88K BTC confirmed aggressive buying pressure, flipping Bitcoin’s trend to bullish.

Following the breakout, Bitcoin is now trading above $110,941.21, resuming its bullish structure and eyeing a retest of the $112,000 level. The surge was driven by strong buying pressure, particularly on Binance, where the price opened the hour at $109,536.50 and closed at $111,056.89, marking a 1.39% rally in just one hour.

The breakout was significant as it erased prior consolidation and reset the hourly chart. Buyers aggressively stepped in once Bitcoin cleared the $109,500 level, which had been tested multiple times without success until the breakout candle forced continuation. The price now holds above the intraday support line of $110,941.21, anchoring this surge.

Previous resistance near $110,000 had stalled progress for days, but this time, Bitcoin sliced through it. The hourly chart flipped from a slow grind to sudden expansion as the trendline gave way, turning what was once a stubborn ceiling into a springboard for further gains.

Bitcoin’s broader setup on the daily chart also built toward this breakout, with the triangle squeeze nearing resolution. The $108,000 to $110,000 range held strong for over a week, keeping the price coiled and volume compressed. This recent structure followed a textbook compression pattern, forming a base above higher lows into narrowing resistance. Once the upper band broke, the price responded with immediate acceleration and wide candle expansion.

Bitcoin had already rejected the $112,000 level multiple times across the past two months. This makes $111,056.89 a pivotal level that could now invite fresh liquidity. Traders will closely monitor whether this hourly surge pushes Bitcoin closer to a confirmed retest of $112,000. Momentum flipped bullish within minutes of the candle opening, and the chart no longer reflects indecision. Volume confirms that whales or large players participated in this move, driving sentiment quickly.

Bitcoin now needs to maintain pressure above $110,941.21 to keep upside continuation intact. The structure has changed, and momentum has shifted with clarity. Bitcoin remains in the spotlight as the price breaks away from compression with force and intent, signaling a potential continuation of the bullish trend.