The price of Bitcoin is on an upward trajectory and has surpassed the $100,000 mark. If it continues to rise and clears the $102,000 resistance level, it may accelerate even further. The price has already broken through key barriers at $98,500 and $101,500. There was also a break above a short-term declining channel. Currently, the price is consolidating gains and is well above the 23.6% Fib retracement level. The next immediate resistance is at $102,000, followed by $102,500 and $104,000. A close above $104,000 could push the price towards $106,000 and $108,500. However, if the price fails to break above the $102,000 resistance, it might initiate a downside correction with support levels at $100,500 and $100,000. Further support levels are at $95,500 and $93,500. Technical indicators such as MACD and RSI are showing bullish signals.



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