Cryptocurrency analyst Daniel revealed that the price of Bitcoin has confirmed its imminent approach to the $106,000 level. He explained how both technical and fundamental indicators support this bullish expectation, currently aligning with Bitcoin's price increase towards its target of $106,000.
The analyst expects the price of Bitcoin to reach $106,000.
In a post on TradingView, Daniel mentioned that the price of Bitcoin now seems poised to reach the next important resistance area at around $106,000, which also corresponds with a major resistance level. The analyst pointed out that the market is currently experiencing a strong upward momentum, surpassing the average resistance level and confirming the continuation of the upward channel structure.