Bitcoin Price Surges Beyond $100,000
- Bitcoin’s price increased above the $100,000 mark.
- The price is trading over $100,500 and surpasses the 100 hourly simple moving average.
- A short-term declining channel was breached at $99,400 on the BTC/USD hourly chart.
- A high of $102,000 was reached; consolidation is occurring above this level.
- Key resistance levels are at $102,500 and potentially $104,000 if surpassed.
Bitcoin’s price has reclaimed a position above $100,000 and is trading over key support levels. A further rise could occur if it breaks through the resistance at $102,500.
