Bitcoin Eyes Fresh Rally as Price Holds Above $BTC
103K, Ethereum Climbs Toward $2,750
The crypto market is buzzing as Bitcoin (BTC) kicks off a fresh rally, surging past key resistance levels and aiming higher. After breaking above $102,500, BTC soared to nearly $105,000 before entering a consolidation phase. Meanwhile, Ethereum (ETH) is catching up, making a strong move toward the
$2,750 resistance.
Bitcoin Breaks Out, Targets $105K Resistance
Bitcoin bulls have returned in force. The price jumped from the $100,500 support zone, breaking past the $102,000 and $103,200 resistance levels with ease. BTC even tapped the $104,980 mark before facing minor selling pressure.
Currently, Bitcoin is holding strong above $103,000, comfortably trading above the 100-hourly Simple Moving Average. A newly-formed bullish trend line is also providing solid support near $103,650, reinforcing the bullish outlook.
What’s Next for BTC? Key Resistance Levels to Watch
Immediate resistance: $104,500
Key hurdle: $105,000
Breakout target: $105,500 and beyond
A clear move above $105,500 could open the gates for a push toward $106,800 or even $108,000, setting up the next bullish wave.
Can Bitcoin Hold Its Gains?
If BTC fails to break above the $105K barrier, a short-term correction could be on the cards. Key support levels to monitor include:
$103,500 – Near current price zone and trend line support
$102,850 – 50% Fib retracement level of the recent swing
$101,750 and $100,200 – Deeper support zones
Critical level: $98,800 – A breakdown below this could shift momentum bearish
Technical Outlook
MACD: Showing signs of slowing momentum, but still in the bullish zone
RSI: Holding above 50, indicating positive sentiment
Ethereum Also in Action
While BTC consolidates, Ethereum is gaining ground, approaching the $2,750 resistance. ETH’s bullish momentum could add fuel to the broader crypto rally if it clears that level convincingly.
Stay tuned for more real-time updates as Bitcoin navigates this crucial price zone. Will BTC break $105K and fly higher, or is a pullback looming? Traders and investors, keep your eyes on the charts!
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