Bitcoin’s price has surged to a new all-time high of $106,364.50, marking a 3.27% gain over the past month according to data from CoinMarketCap. Despite briefly dipping below $101,000 on June 5th, Bitcoin quickly regained its momentum, fueled by strong buying activity during dips. Analysis of the asset’s trading volume suggests sustained investor confidence, with a notable increase in on-chain activity. Looking at the one-month chart: The next resistance level is expected to be near $107,500, where Bitcoin previously peaked around May 22–23. A breakout above this level could open up the potential for another test of the psychologically significant $110,000 barrier, which has remained untouched throughout this cycle. On the downside, $102,500 emerges as a critical support zone, and historical data suggests that Bitcoin experienced a sharp bounce from this level in early June. While daily volume has slightly decreased, the overall market trend remains positive. With Bitcoin hovering near its peak levels, breaking through $107,500 could attract further institutional investment and signal a bullish technical shift. As market sentiment improves and macroeconomic factors stabilize, attention is now on whether Bitcoin can shift from resistance to support at $107,500, potentially setting the stage for continued price growth.