Bitcoin is heating up again as it edges closer to its all-time high of around $109,000. After a solid recovery in recent sessions, BTC has pushed past key resistance levels at $90K and $100K, sparking talk of a possible breakout into new highs.
Momentum Looks Strong
Right now, Bitcoin is trading just above $104,000 and even hit $104,305 earlier. The bullish momentum seems solid, and many analysts think that if BTC can break and stay above $109K, it could kick off a fresh bull run into uncharted price territory.
Caution: A Dip to $90K Still on the Table
That said, not everyone’s convinced the ride up will be smooth. Some traders believe the current price zone might be overbought, raising the chance of a short-term correction. If Bitcoin can’t hold these levels, a dip back to around $90K could be coming — a key support level that would test investor confidence.
What the Charts and Data Say
Technically, Bitcoin is moving sideways between $103K and $104K, showing a bit of indecision in the market. And while recent U.S. inflation news hasn’t had a big impact on BTC, macroeconomic factors are still being watched closely by investors for any future effects.
Bottom Line
Bitcoin is getting close to smashing through its previous all-time high, and the bulls are clearly in control for now. But it’s wise to stay alert — if momentum fades, we could see a drop back to $90K. If BTC does manage to break above $109K, though, it could open the door to a whole new bullish phase.
