Bitcoin Reaches New All-Time High Above $100K, Analyzing Resistance Levels for Further Growth

Bitcoin is trading above the $100,000 mark as moving averages show signs of bullish momentum. The price is currently hovering near $105,515.19 and experts believe that a break above $112,000 could push BTC toward $120,000. 5-day, 10-day, and 20-day moving averages are all turning upwards, signaling an increase in buying pressure. The RSI is trending towards neutral territory, while the MACD has crossed above its signal line, further supporting bullish expectations. Support near the 50-day EMA at $100,000 has remained strong, indicating continued stability for the asset.