# **Bitcoin Price Surges: A Recovery in Sight?**
Bitcoin has regained momentum, climbing past **$102,000** and eyeing a potential break above **$105,000**.
### **Bitcoin's Bullish Move**
🚀 BTC surged beyond the **$102,000** and **$102,200** resistance zones, confirming a bullish trend.
📈 The price is currently **above $103,500** and the **100-hour SMA**.
📊 BTC/USD also broke a **downtrend line** at **$102,400** on the hourly chart.
🔎 If the price struggles below **$105,000**, a pullback could follow.
### **Key Resistance & Potential Breakout**
📍 BTC has surpassed the **61.8% Fib retracement level** of the drop from **$107,080** to **$97,688**.
📍 The next major resistance is **$104,800** (76.4% Fib level).
📍 A strong push above **$105,000** could lead to a rally towards **$105,500** and possibly **$107,000**.
📍 Further upside might propel BTC to **$108,800** in the short term.
### **Risk of Another Drop?**
🔻 If BTC fails to clear **$105,000**, a retracement could occur.
🔻 Key support levels: **$103,200** and **$102,000**.
🔻 A deeper decline could bring BTC towards **$101,200** or even below **$100,000**.
### **Technical Indicators**
📊 **MACD**: Gaining strength in the bullish zone.
📊 **RSI**: Above **50**, signaling positive momentum.
### **Support & Resistance Levels**
📌 **Support:** $103,200, $102,000
📌 **Resistance:** $105,000, $107,000
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$BTC