Bitcoin Hits New All-Time High, Consolidates for Potential Increase
- Bitcoin price reached a new all-time high above $111,600.
- The price is consolidating above $108,500 and the 100 hourly Simple Moving Average.
- A key bearish trend line was broken with resistance at $107,800 on the BTC/USD hourly chart.
- The immediate resistance level is near $110,000; further resistance is at $111,800.
- Support levels are identified at $107,500 and $106,500.
Bitcoin’s price recently surged past $111,600 and is now consolidating above critical support levels. A move past the $110,000 resistance could signal further gains.
Source (2.6)https://www.newsbtc.com/analysis/btc/bitcoin-price-aims-higher-111k/?rand=52377
