Bitcoin Hits New All-Time High Above $102,800: Technical Analysis Shows Bullish Momentum

Bitcoin has surged past the $102,800 mark, exceeding its previous all-time high and showing robust bullish momentum. This climb is fueled by a surge in trading volume, with a 10% weekly gain contributing to a significant rebound from recent consolidation. Technical analysis suggests that while support is around $100,790, resistances at $105,720 may present potential barriers for further price increases. A closer look at key technical indicators reveals an optimistic outlook.