22 January 2025
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Bitcoin Price Surpasses $105,000 Amidst Upward Momentum
Bitcoin Price Update
- Bitcoin has increased above $102,500 and is trading over $104,500.
- Current price consolidation is above $105,000.
- A break occurred above a bearish trend line at $104,000.
- Immediate resistance is at $107,000; key resistance levels are $107,500 and $109,000.
- If Bitcoin surpasses $109,000, it may test $110,000 and potentially reach new all-time highs.
- Downside support levels are at $104,500 and $103,500.
- Technical indicators show bullish momentum with MACD gaining pace and RSI above 50.