#CryptoComeback

The price of Bitcoin (BTC) is witnessing a significant rise, surpassing the $100,000 barrier for the first time since last February, and is currently trading near $102,700.

Current Technical Analysis

Potential Resistances: Analyses indicate strong resistance at levels of $106,500 and $107,000. If these levels are surpassed, the price may target $120,000.

Key Support: The $100,000 level is considered an important psychological and technical support. In the event of a correction, the price may retreat to the range of $92,000–$95,000.

Relative Strength Index (RSI): The indicator shows readings above 70, indicating a state of overbought conditions that may lead to a short-term correction.