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Bitcoin Technical Analysis: Bulls Charge Toward New All-Time High

Author: Content Editor
The article states that Bitcoin's price has reached $102,513, just 1.2% away from its previous peak of $103,647. The cryptocurrency is showing positive signs with solid technical indicators and upward price movements. On the hourly chart, Bitcoin is climbing and support is seen between $101,500 and $101,700, while resistance is at $103,000 to $103,300. The 4-hour chart shows a clear upward trend with support zones at $99,500 to $100,500 and resistance at $103,500 to $104,000. The daily chart indicates Bitcoin's bounce-back from a low of $80,280 and support is firm between $98,000 and $100,000. Moving averages from 10 to 200 days are positive, while oscillators like the Stochastic and ADX are balanced. However, the MACD signals bearishness in the short-term. Overall, Bitcoin's upward momentum suggests a bullish outlook, but traders should be cautious of potential resistance and short-term pullbacks.

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