Bitcoin breaks key resistance, signaling the start of a strong bullish rally.
A move above $105,500 could push Bitcoin toward $107,000 and beyond.
Failure to break $105,000 may lead to a pullback toward $100,000 support.
Bitcoin—BTC, is waking up. After weeks of slow movement, buyers have taken control. The price surged past $100,000, breaking key resistance levels. Bulls pushed beyond $102,000, signaling the start of a strong rally. Charts flash bullish signals, setting the stage for bigger gains. A break above $105,500 could send the price soaring. Targets at $107,000 and $108,800 are now in sight. The mark-up phase has begun, and momentum is building fast.
https://twitter.com/Washigorira/status/1885269311410827665 Bitcoin Breaks Resistance, Bulls Take Charge
Bitcoin smashed through key levels, climbing past $102,000 and holding above $103,500. A major trend line at $102,400 collapsed, clearing the way for more gains. Buyers pushed the price above $103,000, keeping strength above the 100-hour moving average. Resistance at $104,800 remains a challenge.
This level aligns with the 76.4% Fibonacci retracement of the recent correction. The next test comes at $105,000, followed by a critical barrier at $105,500. A strong close above $105,500 could trigger a sharp move toward $107,000. A push beyond that level may bring $108,800 into focus.
Will Bitcoin Hold or Face a Pullback?
Failure to break $105,000, the price of Bitcoin might start dipping. Support at $103,200 provides the first safety net. A stronger base sits near $102,000. A deeper pullback could test $101,200, with $100,000 as the last line of defense.
Despite possible corrections, bullish momentum remains strong. Each pullback has been met with aggressive buying. Traders continue to push for new highs. The mark-up phase signals a shift in market dynamics. Bitcoin is gearing up for the next explosive move.
