Bitcoin is currently trading around $109,650-$110,300, up 3.8% over the past 24 hours, reflecting upward momentum. The daily chart shows stability above the support level of $100,642, with a key resistance at $112,006. A breakout above this level could drive the price towards $130,000. The Relative Strength Index (RSI) is at 64.74, nearing overbought territory, indicating potential caution. The Exponential Moving Averages (EMA) show a bullish crossover, but the MACD indicates weakening momentum. We recommend buying on a breakout above $112,000 with a stop loss at $100,000 and a target of $120,000. The market is volatile, so keep an eye on regulatory news.