Matrixport: Bitcoin Must Hold $109,899 to Sustain Bull Market Momentum

Key Takeaways:Matrixport identifies $109,899 as the dividing line between Bitcoin’s bull and bear markets.BTC’s current bull run is institutionally driven, featuring three phased rallies unlike the 2020–2021 cycle.Holding above the 21-week moving average could extend the bull trend, while a break lower risks deeper downside.Matrixport analysts highlighted in a new chart that $109,899 marks the critical threshold separating bullish continuation from bearish reversal in Bitcoin’s current cycle.The firm noted that Bitcoin’s fifth bull run is distinct from prior ones, being institutionally led and structured around three phased upswings, compared to the two observed in the 2020–2021 rally.At present, the 21-week moving average sits at $109,899, which Matrixport describes as the “bull-bear dividing line.” Analysts argue that a sustained close above this level strengthens the case for continued upward momentum, while a breakdown could signal a more challenging market phase ahead.