Bitcoin’s weekend rally toward $109,000 resistance was fueled by renewed institutional interest and favorable technical positioning. Market observers noted late-week volatility provided momentum, with bulls attempting to secure a decisive breakout above this psychologically significant level.
A successful breach could trigger altcoin rallies, with tokens like HYPE, BCH, LINK, and SEI positioned as potential leaders. The move reflects accumulating bullish sentiment despite recent geopolitical pressures, suggesting underlying market strength.
Traders monitor this key resistance closely, as a sustained breakout may confirm a new upward trajectory. However, failure to hold gains could signal consolidation, emphasizing the technical importance of this price threshold for near-term direction.
