#BTC Bitcoin's current price is $107,413.19, with a recent surge driven by easing geopolitical tensions in the Middle East and a shift in the US Federal Reserve's language on crypto banking, reducing regulatory pressure. Traders are watching the $108,250 resistance level, which could trigger a new wave of bullish momentum if breached.

Key Price Levels to Watch:

Resistance Levels:

$108,250: A break above this level could ignite a fresh rally

$110,000: Potential upside target if Bitcoin maintains traction above $108,251

$112,000: Possible target with increased volume and sustained buying pressure

Support Levels:

$106,250: Key support level to watch for potential pullbacks

$104,900: Potential downside target if Bitcoin fails to break above $108,250

$103,984: Fibonacci retracement zone that could act as accumulation points for bulls

Technical Indicators:

Relative Strength Index (RSI): Neutral at 56

Moving Average Convergence Divergence (MACD): Weakening bullish histogram

50-period EMA: $106,249, which could open a move toward $104,991 if broken

The next 48 hours are crucial, with traders looking for a confirmed breakout above $108,250 to signal a potential move to new all-time highs ¹.