Bitcoin Price Poised for Breakout Above $106k, Targeting $127k

Bitcoin is near crucial resistance at $106,433 as bullish momentum builds. If this level breaks with strong volume, a surge towards $127,600 could follow swiftly. Despite losing its recent gains, Bitcoin remains close to its all-time high and shows signs of further price growth. This comes after months of steadily climbing higher highs and higher lows. Bitcoin now faces a final technical hurdle at the resistance level of $106,433 – a level that has served as a ceiling for price action since December 2024. The current structure suggests potential breakout is forming but confirmation through volume is needed.