Bitcoin price has experienced an upward move, surpassing several resistance levels and consolidating above $105,000. It has broken a bearish trend line and is trading above the 100 hourly Simple Moving Average. Immediate resistance is at the $107,000 level, and if this is surpassed, the price could potentially reach new all-time highs. However, if it fails to break through the resistance zone, a downside correction may occur, with support levels at $104,500 and $103,500. The MACD is indicating a bullish trend, and the RSI is above 50.



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