While the market saw a dip to start the day, Bitcoin (BTC) is showing signs of bullish strength according to CoinStats. Data reveals that BTC gained around 1.77% today. Analysts anticipate potential upside, with a breakout in the hourly chart potentially leading to a rise towards the $109,000 mark tomorrow if the daily bar closes above key resistance levels. On the broader timeframe, Bitcoin has seen significant price movement after breaking through resistance at $106,329. If bulls maintain momentum, the price might surge toward the $110,000 range by week’s end. Looking towards the midterm point of view, while there was a false breakout of support around $100,764, Bitcoin is currently rising after this event. However, the price remains away from key levels, suggesting that buyers may require more time to build up energy for a more substantial move. As of press time, BTC is trading at $107,832 USD.