BITCOIN MAKES NEW ALL TIME HIGH!The Bitcoin weekly chart marks a historic milestone as the price has achieved a new all-time high today, surpassing previous highs to reach $108,388, which now serves as the immediate resistance level. This breakout above the critical $99,860 resistance, which has flipped into support, confirms the strength of the bullish momentum driving the market.
The move to this all-time high is accompanied by solid volume, underscoring strong buyer interest and confidence in the current trend. Bitcoin remains well above the rising 50-week moving average, which continues to act as a dynamic support and reinforces the long-term uptrend. The sustained green weekly candles and lack of significant bearish rejection reflect ongoing demand and healthy price action.
Moving forward, $108,388 is the key level to break, as flipping this resistance into support would likely signal continuation toward higher targets and into price discovery. On the downside, a retest of $99,860 could provide an opportunity for bulls to confirm the breakout's validity. With Bitcoin in price discovery mode, the market remains firmly bullish as it establishes new highs.
