Bitcoin is showing bullish momentum, breaking key resistance levels and potentially reaching a price target of $107k this week. The recovery is gaining strength as Bitcoin breaks past resistance trend lines and Fibonacci levels. Technical indicators and the TD Sequential Indicator suggest a potential bottom and reversal rally. In the derivatives market, there is an increase in open interest and positive funding rates, indicating a generally bullish sentiment. Fibonacci levels indicate resistance at $100,557 and support at $94,595. Overall, there is optimism for a Bitcoin price surge beyond $100,000.



Other News from Today