Bitcoin broke a new all-time high at $109,400.68, reaching levels higher than those on January 20.

The May bull market has brought Bitcoin (BTC) to its highest levels yet. On Wednesday, May 21, Bitcoin broke a new all-time high at $109,400.68, after rising 4.52% in the last 24 hours.

Strong technicals preceded this rally, as Bitcoin broke through its 21 EMA, which now serves as a resistance. At the same time, the last month saw its price jump to consistent higher highs and lower lows. Currently, $102,790 level serves as a strong support for the asset.

The latest bull rally brought Bitcoin higher than its previous ATH on January 20 at $109,114.88, which followed the crypto market rally starting in November. So far, Bitcoin has risen 24.10% during the last 30 days and 55.73% in one year.