#BTCBackto100K

Bitcoin has indeed reached an impressive milestone, surpassing $100,000. According to the latest data, the current price of Bitcoin is around $101,018.23, with a 4.60% increase. This surge is attributed to various factors, including increased institutional and retail investment.

*Key Factors Contributing to Bitcoin's Growth:*

- *Institutional Investment*: Growing interest from institutional investors has played a significant role in Bitcoin's price surge.

- *Market Sentiment*: Positive market sentiment and speculation about future price movements have contributed to the growth.

- *Technical Indicators*: Bitcoin's technical indicators, such as the MACD and RSI, suggest a bullish trend.

*Potential Resistance Levels:*

- *$102,000*: Immediate resistance level that Bitcoin needs to break through to continue its upward trend.

- *$103,200*: A crucial resistance level that could determine Bitcoin's next move.

*Support Levels:*

- *$100,500*: Immediate support level that Bitcoin needs to hold to maintain its current price.

- *$100,000*: A key psychological support level that Bitcoin has recently surpassed.¹ ²