Bitcoin's price has recently surged to a new all-time high above $108,000. However, the price is currently experiencing a correction after breaking below a key bullish trend line. The immediate support is around $105,000, with major support levels at $103,750 and $102,200. On the upside, the price could face resistance at $106,200 and $107,750, with the potential to rise towards $112,000 and $115,000. The MACD is losing pace in the bullish zone, while the RSI is above the 50 level.



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