The price of Bitcoin (BTC) has reached its highest historical level, and this breakout confirms the continuation of the upward strength. After a period of consolidation between $104,000 and $107,800, the price of Bitcoin surpassed $109,000, indicating the beginning of a new upward wave in price. This breakout from the range shows strong confidence among buyers, and as long as the price remains above the previous range's highest level, the momentum may drive the price of Bitcoin toward the range of $115,000 and $120,000 or higher in the near term.
