#BTC : Breakout Approaching – All Eyes on Key Levels
Bitcoin is making moves again, inching closer to a new all-time high of $108,000 after recovering from its recent dip to $105,000. Currently trading at $106,948 with a 2.23% gain, BTC is showing strong momentum as it approaches the critical $107,060 resistance.
Following its rebound from a low of $105,480, Bitcoin has gained steady buying pressure, establishing a clear upward trend. If it manages to break through the $107,060 resistance, the next target could be $107,908. However, the $106,212 support level remains a key area to watch—failure to hold this level could see a retracement back to $105,480.
This is a pivotal moment for BTC, with the potential for significant volatility ahead. Traders should stay cautious, use tight stop-losses to manage risk, and plan profit-taking strategies on price surges.
