$BTC is in an ascending channel.
Dominance is 57.60%, and the total market capitalization of cryptocurrencies has reached $3.7 trillion, which is a new all-time high.
The market is showing a stable upward movement, and $BTC continues to perform excellently.
With increased volumes and volatility, a sharp impulse move towards $109,200 can be expected, leading to the liquidation of short sellers and a continuation of the rise towards $110,000. After that, a pullback to the support zone around $105,360–105,200 is likely.
However, the market can always surprise, and such a scenario cannot be guaranteed.
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