🚀 Bitcoin Blasts to New ATH — Bulls Take Full Control!

Bitcoin price surged to a record high over $109,000. BTC is consolidating and may aim for $115,000.

Bitcoin rose again from $106,000.
The price is over $107,000 and the 100-hour SMA.
On the hourly BTC/USD chart, a positive trend line with support around $107,800 is formed.

If it breaks $110,850, the pair may rise.
Bitcoin Price Hits ATH

Bitcoin price resumed rising from $104,200. BTC cleared the $106,000 barrier zone after forming a base. Bullish traders broke $107,500.

Bulls even broke $109,000 resistance. The price reached a new all-time high above $110,698 and is consolidating gains above the 23.6% Fib retracement line of the rise from $104,270 swing low to $111,880 high.

Bitcoin is over $108,000 and the 100-hour SMA. On the hourly BTC/USD chart, a positive trend line with support around $107,800 is formed.

Near $111,880 is immediate upward barrier. First major resistance is at $115,000. The next hurdle may be $115,500. A close above $115,500 barrier might boost prices. The price may soar to $113,800 resistance. More advances might push the price beyond $118,000.

Are BTC Dips Limited?

Bitcoin may correct again if it fails to break $115,000 barrier. The downside has immediate support at $109,000. First significant support is at $107,500, the trend line, and the 50% Fib retracement level of the upward run from $104,270 swing low to $111,880 high.

Around $106,500 is the next support. More losses might push the price toward $105,000. BTC may go below $104,200, the primary support.

The technical indications

The MACD is rising in the positive zone.

Relative Strength Index hourly BTC/USD RSI is over 50.

Major Support Levels: $109,000, $107,500.

Major Resistance Levels: $113,850, $115,000.

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