Bitcoin rose above $109,000 on Wednesday, extending a multi-day rebound that lifted the world’s largest cryptocurrency to its strongest level since dipping below $106,000 earlier this week. The token touched an intraday high of about $109,500 shortly after 16:00 UTC, breaching a resistance band near $108,800 and moving closer to the psychologically important $110,000 mark that traders view as the next hurdle to a potential record high. Market technicians noted that all major moving averages are showing buy signals, while spot prices have found support near $107,783. Momentum indicators suggest bullish sentiment is building, though investors caution that volatility remains elevated after recent swings.