Bitcoin is currently attempting to break the critical barrier at $106,000 in order to set a new all-time high. Despite recent volatility, the cryptocurrency's bullish momentum remains strong and it appears to be following historical patterns observed during previous market cycles. The Mayer Multiple indicator indicates that Bitcoin is currently at a neutral level, signaling that the bullish momentum could continue without an immediate correction. This suggests stability in the market and a promising sign for Bitcoin enthusiasts. Bitcoin's dominance in the market is also following a 4-year pattern, indicating a potential rally in its price. The current price stands at $104,647, with the need to breach the $106,193 resistance level in order to solidify its upward momentum and potentially reach a new all-time high. Failure to break this level could result in consolidation above $102,235 and a potential decline to $100,000 or even $95,668, challenging Bitcoin's bullish outlook.



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