Bitcoin Surge: Next Bull Run Imminent

Bitcoin Price Targets Higher Resistance Levels

• Bitcoin price increased from the $101,500 support zone.
• The price is trading above $103,000 and the 100 hourly Simple Moving Average.
• A break occurred above a bearish trend line with resistance at $103,950 on the BTC/USD pair’s hourly chart.
• Immediate resistance is near $104,150, with key levels at $105,000 and potentially $105,500.
• If Bitcoin fails to rise above $104,200 resistance, it may correct downwards to support levels of $102,500 or lower.

Bitcoin has moved upward from the $101,500 zone and is currently trading above significant support levels. The next major resistance level is around $105,000. If this level is cleared, further gains could be expected.