$BTC The Bitcoin (BTC) price fell over 30% three months after its all-time high, reaching a low of $74,434 in April.

A significant rally ensued, breaking several resistance levels without retracement, and Bitcoin’s price reached $100,000 today.

The rally’s strength leads to the question: Will Bitcoin reach a new all-time high, or will it falter before doing so? Let’s find out.

Bitcoin Price Clears $100,000

The daily time frame analysis shows that Bitcoin’s price has increased rapidly since April 20, breaking from a descending resistance trend line.

While the price initially struggled at the 0.618 Fibonacci retracement resistance of $96,400, it broke out this week, reaching a high of $100,000