Bitcoin Shows Strong Market Performance, Eyes Key Levels Ahead

Bitcoin demonstrated strong momentum today, breaking through the crucial resistance level of $105,500 and reaching a high of $109,700.

In the short term, a pullback may occur. The key focus now is whether Bitcoin can hold above the $107,500 mark. If it stabilizes at this level, the next target to watch is the significant resistance at $110,000.

However, if the price dips below $107,500, attention should shift to the support levels at $107,600 and $106,500.

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