Bitcoin

<a href="https://cryptosnewss.com/category/bitcoin-news/" rel="noopener noreferrer nofollow">Bitcoin</a> has resumed its upward momentum, breaking above the $105,000 mark in Tuesday’s early trading. With bullish pressure mounting, BTC is now targeting the key resistance zone of $106,500 and potentially higher levels if the momentum continues.Per data from Kraken, the BTC/USD pair breached short-term <a href="https://cryptosnewss.com/bitcoin-price-bounces-above-104k-as-ceasefire-triggers-relief-rally/" rel="noopener noreferrer nofollow">resistance at $103,200 and $103,500</a>, climbing toward $106,000. The rally began after Bitcoin reclaimed critical support zones, with price action now showing firm bullish intent.<h3 id="bullish-momentum-accelerates">Bullish Momentum Accelerates</h3>According to the hourly chart, BTC is currently trading above $105,000 and the 100-hourly simple moving average (SMA). A bullish trend line is forming near the $106,000 level, reinforcing support and suggesting further upside potential.The price has already cleared the 76.4% Fibonacci retracement level from the previous swing high at $106,470 to the swing low of $98,276. This move has opened the door for BTC to test its next critical resistance near $106,500.If this level is breached convincingly, Bitcoin could surge toward $107,200 and $108,500—the latter being the 1.236 Fib extension level. A sustained close above $108,500 might push the price toward the psychological barrier at $110,000, and further up to $112,000 in the short term.<h3 id="support-levels-to-watch">Support Levels to Watch</h3>On the downside, immediate support lies at $106,000, with stronger support at $105,500. If Bitcoin fails to maintain its current gains, a dip below $105,000 could pull the price down to $104,200, and possibly $103,500.Deeper corrections could test the critical floor at $102,000, which previously acted as a strong pivot zone during last week’s volatility.<h3 id="market-sentiment-and-indicators">Market Sentiment and Indicators</h3>The MACD on the hourly chart is now showing signs of gaining pace in the bullish zone, while the RSI (Relative Strength Index) for BTC/USD remains above 50—both indicators pointing to continued buyer dominance.This rally follows a relief bounce that began after President Donald Trump confirmed a ceasefire, easing geopolitical tensions and reducing global risk-off sentiment. With broader financial markets stabilizing and risk appetite returning, Bitcoin may continue to benefit from safe-haven flows.<h3 id="can-btc-hit-a-new-all-time-high">Can BTC Hit a New All-Time High?</h3>With bullish sentiment improving and price structure favoring upward continuation, traders are watching for a clean break above $106,500. If buyers maintain pressure and the macro backdrop remains stable, the market could be preparing for a run toward Bitcoin’s all-time high territory in the coming weeks.However, failure to convincingly clear the $106.5K resistance could bring consolidation or a retracement toward the lower support zones.The post<a href="https://cryptosnewss.com/analyst-predicts-dogecoin-could-reach-new-all-time-high/" rel="noopener noreferrer nofollow"></a><a href="https://cryptosnewss.com/bitcoin-breaks-105k-bulls-poised-for-push-toward-112k-mark/" rel="noopener noreferrer nofollow">Bitcoin Breaks $105K, Bulls Poised for Push Toward $112K Mark</a> appeared first on <a href="https://www.google.co.in/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://cryptosnewss.com/&amp;ved=2ahUKEwiB77m-rqCNAxWFcGwGHdyUEXwQFnoECBMQAQ&amp;usg=AOvVaw3LdC3onMwB5PLEXBkcvU5M" rel="noopener noreferrer nofollow">CryptosNewss.com</a>

Bitcoin Breaks $105K, Bulls Poised for Push Toward $112K Mark

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