Bitcoin is currently trading above $97,000 and has seen a four percent increase in the last 24 hours. The cryptocurrency has reached a significant bullish price target and is now breaking into new all-time highs. With bullish momentum confirmed, the $100k price target is in sight. The MACD indicator on the weekly chart shows strong bullish momentum, similar to last October's bull run. The SuperTrend indicator on the 4-day chart also indicates a larger bullish trend. The next price target is around $102,000, with potential resistance, but if broken, Bitcoin could continue to rise toward $113,000. A short squeeze is underway, with significant short positions being liquidated and more buying pressure expected to push the price higher.



Other News from Today