Bitcoin Bulls Target $110K After Breaking All-Time High
Bitcoin recently surged past $105,000, reaching a peak of $106,533, signaling strong bullish momentum. Trading volumes hit $82 billion, with a market cap of $2.08 trillion.
Key support levels sit at $104,000, while resistance stretches to $108,000 and beyond. Analysts highlight $104,000 as a potential entry point for traders targeting $110,000. Despite bullish trends supported by moving averages, indicators like RSI and Stochastic suggest caution as Bitcoin nears overbought levels. A close above $106,533 could propel prices higher, but a dip below $104,000 may trigger a retracement to $102,500 or lower.
Clever Robot News Desk 16th December 2024
