Bitcoin (BTC) rally toward $109,147 comes on the heels of renewed institutional attention, particularly from UK pension funds. Cartwright Pension Trusts revealed that a client who allocated just 3% of their fund to Bitcoin in November 2024 posted a 60% return in under a year.
This performance has sparked conversations with other funds and prompted Cartwright to launch an “Annual Bitcoin Review” for institutional clients.
The firm emphasized education and measured exposure, despite market volatility. According to Cartwright, pensions, charities, and businesses are increasingly exploring Bitcoin both as a reserve asset and for transactional use.
This narrative supports long-term bullish sentiment and legitimizes Bitcoin within traditional finance circles.
Legal Clarity Emerges with Celsius vs. Tether Case
A U.S. bankruptcy judge has allowed Celsius to move forward with a $4 billion lawsuit against Tether. The case centres on the alleged liquidation of 39,500 BTC, now valued at $4 billion, outside a contractually agreed 10-hour window. While some charges were dismissed, the core claim remains.
This decision underscores U.S. court jurisdiction over global crypto entities operating through American financial or communication networks. It also highlights the increasing legal scrutiny within the crypto space.
While the lawsuit introduces short-term uncertainty, it reaffirms the need for enforceable agreements and transparent regulation.
Binance Pay Drives Crypto Payments in Europe
Adding to the bullish tone, Binance Pay has partnered with French fintech Lyzi to enable crypto payments at over 80 luxury establishments along the French Riviera.
Tourists and locals can now pay in Bitcoin, stablecoins, and over 100 cryptocurrencies without gas fees, with instant euro settlements provided to merchants.
Notable participants include JW Marriott Cannes and high-end boutiques in Monaco. This initiative aligns with the region’s Web3 tourism push, backed by Cannes Mayor David Lisnard.
Binance is also offering a €5 EURI incentive for crypto purchases over €20 to accelerate adoption.
Bitcoin Technical Outlook: Rising Wedge Caps Breakout
Bitcoin remains supported above the 50-period EMA ($107,581), currently trading around $109,147. A rising wedge pattern is capping gains, with resistance at $109,764. A breakout above this level could trigger further upside to $110,809 or even $112,003.
Bitcoin Price Chart – Source: Tradingvir
Support Levels: $108,600, $107,287, $106,153
Resistance Levels: $109,764, $110,809, $112,003
Trade Bias: Bullish while above $107,500
Trade Setup:
Long Entry: Break above $109,800 on strong volume
Stop-Loss: Below $107,200
Target 1: $110,809
Target 2: $112,003
As long as Bitcoin remains above the rising wedge support and the 50-EMA, buyers are in control. A decisive breakout could signal the next leg higher.
BTC Bull Token Nears $8.8M Hard Cap as Presale Enters Final Hours
With Bitcoin trading near $105,000, investor focus is shifting toward BTC Bull Token ($BTCBULL), a rising altcoin that is nearly fully allocated during its presale. As of today, the project has raised $7,844,655 of its $8,873,431 target, leaving under $1 million to be raised before the token price moves to the next tier.
Currently priced at $0.002585, early buyers have a limited time to enter before the subsequent price increase takes effect.
Bitcoin-Linked Tokenomics and Burn Mechanism
BTCBULL ties its value directly to Bitcoin’s price through two smart systems:
BTC Airdrops: Distributed to holders, with priority for presale participants.
Supply Burns: Triggered automatically when BTC rises in $50,000 increments.
APY: 55% annually
Lockups: None
Liquidity: Immediate
Total Pool: 1,925,149,417 BTCBULL
This staking model appeals to both DeFi veterans and newcomers seeking hands-off income. With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates.
The post Bitcoin Price Surges to $109K as Pension Interest and Real-World Adoption Climb appeared first on Cryptonews.
