#BTCBreaksATH Bitcoin has indeed broken its all-time high, sparking bullish sentiment across the market. Here are some key updates ¹ ²:

- *Current Price*: $116,455.68, with a 4.85% increase in the last 24 hours.

- *Market Cap*: $2.16 trillion, solidifying its position as a leading cryptocurrency.

- *Resistance Level*: Bitcoin has broken above the $110K psychological resistance level, confirming a strong bullish trend.

- *Technical Indicators*: The MACD shows a new bullish crossover on the daily chart, while the RSI is elevated but not extreme, suggesting further upside potential.

- *Short-term Targets*: Using Fibonacci extension, the next short-term target is around $123K. Traders are advised to look for consolidation above the $105K-$110K zone as a bullish re-test.

Some trading strategies to consider ²:

- *Entry Points*: Look for potential entry zones around $106K-$108K, with a volume spike supporting the move.

- *Stop-Loss*: Set stop-loss orders below the breakout zone to manage risk.

- *Trailing Stop Strategy*: Maintain a trailing stop strategy to protect gains as the price moves upward.