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Bitcoin is making serious strides in demonstrating a classic breakout movement in recent weeks. The critical resistance level has been successfully surpassed, and it is striving to maintain the price trend. The core of the matter is actually quite simple.
If BTC can continue the breakout trend it is currently maintaining, the psychological barrier of $100,000 will no longer be a pipe dream. Moreover, if it surpasses this level, it is highly likely to see new all-time high levels.
Movement above $100,000 will indicate an exciting phase in the market. Considering the support of the trend line and the alignment of technical levels, this scenario is a noteworthy possibility.