Bitcoin holds strong at $107K as it enters the final stretch to test its all-time high
Analysts predict a new ATH is imminent, with all eyes on the final $108,900 resistance
A massive short squeeze is adding fuel to the upward momentum as bulls take full control
Bitcoin’s recent price action signals that a major move may be on the horizon. After clearing crucial liquidity levels, Bitcoin appears ready to challenge its final resistance before setting a new all-time high.
This momentum comes amid increased market activity, significant liquidations, and cautious technical indicators. With bulls eyeing the $108,900 mark, the coming days may prove pivotal.
What Is the Final Hurdle for a New All-Time High?
Bitcoin surged past the $105,797 resistance level, confirming strong bullish sentiment in the market. As of press time priced at $107,538, the asset reflects a 1.72% gain in the past 24 hours and a 2.70% increase over the last week.
This upward movement aligns with van de Poppe’s analysis, who emphasizes the importance of the $108,900 region as a critical resistance. Breaking this zone could trigger a rally towards new all-time highs.
However, …
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