Bitcoin (BTC) is once again pushing toward a critical resistance level, as bulls target a breakout above $108,000—a move that could pave the way for fresh all-time highs.

After bouncing strongly from support near $100,000, Bitcoin’s price action is catching the attention of analysts and investors alike.

The leading cryptocurrency is now consolidating just below $108K, a level that has proven difficult to breach in recent weeks. However, bullish signals on both technical charts and market sentiment suggest a breakout may be imminent.

• Major resistance: $108,000
• Short-term support: $104,500
• Stronger support: $100,000 psychological level

Analysts believe a decisive close above $108K could confirm a breakout, setting BTC on a path toward uncharted territory. Price projections in the event of a breakout range between $112K to $120K, depending on follow-through volume and macroeconomic catalysts.

Several bullish fundamentals are supporting Bitcoin’s recent strength:

• Institutional accumulation remains strong, with whales increasing on-chain holdings.
• Global liquidity conditions continue to favor risk-on assets.
• U.S. inflation data and interest rate outlooks have stabilized, removing some pressure from risk markets.
• ETF inflows have picked up again after a brief lull.

Moreover, funding rates across major exchanges remain relatively neutral, indicating that the current rally is likely driven by spot market demand rather than over-leveraged positions.

Bitcoin’s 4-hour and daily charts show momentum shifting upward:

• The Relative Strength Index (RSI) is above 60, but not yet overbought.
• The MACD is printing a bullish crossover on the daily timeframe.
• The 200-day EMA remains well below the current price, supporting the long-term trend.

Traders say holding above $104,500 in the coming days will be key. Any drop below that level could invalidate the short-term bullish setup, triggering a correction back toward the $100K range.

Crypto Twitter and Reddit communities are buzzing with optimism. Many are anticipating a so-called “melt-up” scenario where BTC rapidly accelerates higher if $108K breaks. Google search interest for “Bitcoin breakout” and “BTC to $120K” is also rising, signaling growing mainstream interest.

This renewed momentum is rekindling the bull market narrative, especially as alternative assets struggle to keep pace with Bitcoin’s dominance.

Bitcoin’s price action is nearing a critical inflection point. If bulls can push BTC above $108,000 with volume, the market could enter a new phase of price discovery. However, failure to break out convincingly could leave the door open for a short-term pullback.

For now, all eyes remain on the $108K level—Bitcoin’s next big test.

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