Is Bitcoin gearing up for its next major breakout?

On May 21, Bitcoin ($BTC

) blasted through the $108,000 mark, hitting its highest level in four months and inching within 1.5% of its all-time high of $109,356 set back in January. As BTC now hovers just below this key resistance zone, momentum is building.

Analysts are eyeing a short-term target of $116,000, with some even calling for a potential "explosive rally" to $128,000 if this breakout confirms. With bullish sentiment growing and market confidence rising, now might be the perfect time to jump in before the next big move.