**Bitcoin Breaks Bearish Trend, Aiming for New All-Time High**
Bitcoin jumped above \$109,000 on Wednesday, breaking a bearish pattern and showing strong upward momentum. Experts now believe it could reach \$116,000 soon, supported by rising demand, ETF inflows, and a lower supply on exchanges.
The price bounced off the \$105,000 support and closed above a key trendline, turning market sentiment positive. Technical indicators like rising moving averages and a strong RSI show that buyers are in control.
If bulls push the price above the \$111,980 resistance, Bitcoin could rally toward \$150,000. However, if sellers drag the price below the support levels, it may fall back to \$105,000 or even \$100,000.
Bulls have the upper hand for now, but key resistance levels will decide the next big move.
*Not financial advice. Always do your own research.*