Now, with assets approaching the $103,000 range, Bitcoin (BTC) is about to break through the price action record again. The market appears to be preparing for a new push to a higher price after recovering critical technology levels. However, investors need to closely monitor three major price levels before Bitcoin reaches its all-time high (ATH).
Initial Barrier: $104,780
Approximately $104,780, the previous local high in the early stages of the current assembly, is the first significant resistance level. Just below this line, Bitcoin is currently consolidated. A clear breakout above it could lead to yet another purchase frenzy. This level is a temporary psychological and technical ceiling. Breaking it indicates that the bull is under command again.
Short-term Gate: $106,000
The $106,000 mark, which corresponds to the expanded Fibonacci retracement target and is likely a key decision point, is just above it. If Bitcoin exceeds $104,780, the next stress test will be $106,000. This range has historically caused hesitancy, and recapturing it would cause a strong shift in market sentiment towards optimism.
ATH launchpad: $109,000
The value of $109,000 is the last important barrier that Bitcoin must overcome before it reaches previously unprecedented heights. Before Bitcoin’s last notable upward movement, this level served as the final integration zone.
If the Bulls are able to break through this barrier, technical resistance will be minimal prior to price testing. From a momentum standpoint, the 50 EMA is about to surpass 100 EMA. This is a bullish crossover that frequently shows increased upward pressure. The RSI is around 70, showing significant momentum without over-purchase. The volume remains stable and confirms the validity of the current action.
If Bitcoin can overcome these important levels, all indications refer to the breakout phase. Whether the Bulls can maintain pressure and overcome these obstacles, or whether the market will determine the next move if it is not in history.
