Bitcoin (BTC) Price: Surpasses $102,000 Mark as Bulls Target $105,000 Resistance 🚀
Bitcoin's price recently climbed above the $102,000 mark, reaching a high of $104,943. A bullish trend line is currently forming, with support established at $103,500. The price is trading above both $102,500 and the 100 hourly simple moving average, indicating strong momentum.
The key resistance levels are set at $104,500, $105,000, and $105,500. Technical indicators, notably the Moving Average Convergence Divergence (MACD), are gaining pace within the bullish zone. This indicates a positive sentiment for Bitcoin as bulls set their sights on overcoming the $105,000 resistance level.
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