#BTCBreaksATH Bitcoin is currently trading at $105,110, showing strong upside momentum. It's close to breaking its all-time high (ATH) of $112,000. To reach a new ATH, Bitcoin needs to break through key resistance levels at $105,500, $107,000, and $108,350. If it succeeds, the next targets would be $111,241.94 and potentially up to $120,000, based on Fibonacci extension levels.
*Key Resistance Levels:*
- *$105,500*: Immediate resistance level to watch for breakout confirmation
- *$107,000*: Potential breakout zone for further gains
- *$108,350*: Critical resistance level for reaching new ATHs
- $109,578.57: Long trigger level for upside continuation
- *$112,000*: Current ATH and potential target zone
*Support Levels:*
- *$103,200*: Key support level for maintaining uptrend
- *$102,250*: Critical support level to prevent retest of lower prices
- $105,711.78: Daily pivot level that must hold for bullish outlook
The market sentiment remains bullish, with traders expecting a potential retest of the cycle high at $109,358. A clean breakout above this area could open the door to price discovery and new ATHs ¹ ² ³.