Bitcoin price recorded a strong bullish reversal over the past 2 hours. The largest token has breached its important resistance zone around the $109,500 mark. This resulted in it quickly reclaiming the $111,000 mark for the first time since May 22, 2025.
Just as marketers were considering a shift of trend toward the altcoin season, the BTC price made a comeback and has claimed its dominance within the crypto community. Notably, a drop was recorded over the past 5 days which led to it breaking to 63.99%. However, with the latest price action and increasing volatility, the market share of Bitcoin has risen to 64%.
Considering the present market sentiments, the BTC price is moments away from achieving a new all-time high (ATH) with the previous ATH pegged at $111,970. If such an event occurs, the next target price of Bitcoin is set at $115,000 and the upper price target being at $120,000.
However, increasing profit-booking could lead to the price of BTC token plunging to its $109,500 mark. If the bulls fail to regain momentum at that point, the Bitcoin price could retest its lower support levels of $107,100 or $104,000 within a short period of time.