Bitcoin Surge: Charts Indicate New ATH

Bitcoin Price Surge Targets New Highs

• Bitcoin price increased from the $102,000 support zone.
• BTC cleared the $106,000 resistance and is trading above $105,500.
• The 100 hourly Simple Moving Average is currently above $105,500.
• A short-term bullish trend line has support at $105,800 on the BTC/USD hourly chart.
• Immediate resistance levels are at $107,000 and $107,500.

Bitcoin’s price has surged past key resistance levels and is now trading above $105,500. Clearing the $107,000 resistance could propel it towards new highs near the $110,000 mark.