Bitcoin Price Rises Again—Are Bulls Charging Toward a New All-Time High? 📈
Bitcoin price has recently increased above the $106,000 zone and is currently trading above the $107,000 mark, supported by a bullish trend line. The price movement shows potential for rising towards the $112,500 level, driven by increasing momentum in the Bitcoin market.
Despite bullish trends, if Bitcoin fails to surpass the $110,500 resistance, a decline might occur, with support near $108,200 to $105,500. Major support lies at $102,000, which might lead to bearish momentum if breached.
Technical indicators such as the MACD and RSI show bullish momentum, with the RSI above the 50 level.
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