Bitcoin Hits Record High Above $104K: Key Breakout Needed for Sustained Rally

Bitcoin’s price surged past the $104,000 mark after a recent drop in US inflation to 2.3% – its lowest point since February 2021. This jump fueled optimistic sentiment across crypto markets, but analysts warn that Bitcoin must break above $109,000 to avoid further corrections. While the price action shows signs of strength through indicators like the RSI and MACD, a key level remains crucial for sustained upward momentum.