The Bitcoin price has settled above the $100,500 resistance level and is consolidating its gains. It is poised for a potential fresh increase above the $105,000 zone. The price made a decent upward move and climbed above several key resistance levels, reaching a high of $106,833. However, it is currently correcting its gains and is trading below the $104,000 level and the 100 hourly Simple Moving Average. Immediate support is at $102,000, with the next key support at $100,500. On the upside, the first key resistance is at $105,500, followed by $106,800. If the price breaks above this resistance, it could test the $108,200 level and possibly reach a new all-time high. However, if it fails to rise above the $104,500 resistance, it may start a downside correction with support levels at $102,500 and $101,250.



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