Bitcoin has surged past the $105K mark, hitting a new all-time high and drawing attention from analysts. While strong buying signals indicate a near-term peak at around $106K, some anticipate a pullback as resistance appears. Chart patterns suggest wave (5) could end around $106K before potentially leading to a retracement. The Elliott Wave Structure, currently nearing completion, aligns with technical resistance levels. The next key target is $113K if Bitcoin breaks above current short-term limits, but only after overcoming short-term pressure. Analysts highlight the recent upward momentum and increased trading volume as signals of further gains, however, market watchers anticipate a pause or reversal following this surge, with indicators showing potential overbought conditions.