$BTC
🚨Bitcoin Price Today Is Surging. Bullish Pin Bar on BTC Chart🚨
During Monday's session, Bitcoin’s price climbed more than 1% on major exchanges, setting intraday highs around $107,126. At the time of writing, the price is undergoing a slight correction, with Bitcoin trading near $106,600. Broadly speaking, the market remains within a consolidation range, with the lower boundary around $102,000 and the upper limit marked by May’s all-time high near $112,000. This range has held for over a month.
Based on my technical analysis, a key support level currently stands at $105,000. This level was actively tested throughout Friday, Saturday, and Sunday. On Friday, the price briefly dipped below $103,000 but ended the day slightly higher, forming a daily pin bar candle with a long lower wick and a narrow body, typically seen as a bullish signal that could suggest a renewed push toward the $112,000 resistance zone.
In the next section of the article, we examine the key drivers behind Monday’s upward move and explore the main reasons Bitcoin is gaining today.