Bitcoin's price action is currently navigating a critical resistance zone between $BTC 106,000 and $106,500. Analysts suggest that a decisive breakout above this range could propel BTC towards the $BTC 112,000ā$BTC 113,000 mark.
Technical indicators, such as the Relative Strength Index (RSI) nearing overbought territory, and a bullish crossover in the Moving Average Convergence Divergence (MACD), support the potential for upward momentum.