Bitcoin (BTC) has surged over 10.98% in the past week, bringing its current trading value above $104,000. Despite some resistance around $105,700, trading indicators hint at the potential for further price increases, possibly reaching new highs.
Market analysts are closely watching the significant resistance level at $111,000, identified using the Bitcoin Gold Ratio Multiplier. The continuation of the uptrend may lead to exciting new price discovery phases for the world’s leading cryptocurrency.