Bitcoin Price Surpasses $100,000, Eyes Resistance at $102,500

Bitcoin (BTC) is showing upward momentum, currently trading above $100,000. Key points include:

Price has risen above $100,500 and the 100-hourly Simple Moving Average.
A breakout occurred above a declining channel resistant at $99,400.
The recent high reached $102,000, with immediate resistance noted at this level.
A move above $102,500 could lead to further gains toward $104,000.
Support levels are established at $100,500 and $100,000. A drop below these could see prices test $95,500 or lower.

Technical indicators show bullish momentum, with the MACD gaining in the bullish zone and the RSI above 50.