Bitcoin Breaks Resistance Level — Could This Be Just the Beginning of a Strong Price Rise?

Bitcoin (BTC) has made a notable leap as the price surpassed the new all-time high (ATH), reaching over 111,600 USD. After a slight correction, BTC is holding its upward momentum and is likely to continue conquering new heights. 📈 Recent Price Movement Bitcoin has pulled back to the 106,700 USD range, but shortly after, it has recovered strongly, surpassing important resistance levels such as 107,000 USD and 108,000 USD. In particular, BTC has broken the short-term downward trend line on the hourly chart, at the area of 107,800 USD. Currently, the price is stabilizing above 109,000 USD and is above the 100-hour SMA ( — indicating that buying pressure is still dominant. 🔍 Important Resistance & Support Levels Nearest resistance: 110,000 USD

This is also the 61.8% Fibonacci level of the correction from the top of $111.983 to the bottom of $106.672. Next Strong Resistance: $110,750 $111,800 )đỉnh cũ(Nếu BTC closes above this zone, which is likely to open a journey towards $113,000, even $115,000. Last Support:108,000 USD107,500 USD )hỗ Strong Support(106,500 USD )mức support định(Nếu BTC loses this zone, the price may fall deeply to $105,000, even $103,200. 🧠 Technical Analysis MACD )Moving Average Convergence Divergence indicator(: is maintaining in the positive zone — a bullish signal.RSI )Relative Strength Index(: is above 50 — indicating that the upward momentum is still present. 🎯 Possible Scenarios Increasing Case: If BTC surpasses 111,800 USD and remains stable, a strong rally may occur, targeting 113,000 – 115,000 USD. Adjustable Case: If it fails at 110,000 – 111,000 USD, the price may adjust to the support area of 107,500 – 106,500 USD. Breaking below 106,500 USD will be a short-term negative signal. 🧭 Conclusion Bitcoin is entering a period of strong volatility and may be the beginning of a new bullish cycle if the key resistance levels are broken. However, the market still carries the risk of a correction. Investors should closely monitor important price areas and consider appropriate risk management strategies.