$BTC

📢 Bitcoin's $106 Barrier: What's Behind It? ⚠️🔥

Bitcoin's current price is $104,095.22, just below the $106,000 barrier. The cryptocurrency is consolidating below a major resistance level at $106,433, with bullish momentum building. A break above this level with strong volume could lead to a push toward $127,600.

Key Drivers: 👇

Easing US-China Trade Tensions:

Boosting risk-on sentiment globally

Institutional Adoption:

Relaxed rules for banks to buy and sell crypto assets

Federal Reserve's Steady Rates:

Reinforcing Bitcoin's appeal as a store of value

📣 Technical Points:

- Major Resistance: $106,433 – final level before all-time highs

- Bullish Structure: Higher highs and higher lows intact

- Target Zone: $127,600 – long-term channel high

A strong daily or weekly close above $106,433 with rising volume is needed to confirm a breakout. Until then, Bitcoin's price may continue to consolidate within a tightening range.

#NewATH