Bitcoin Overview

Bitcoin is trading near the psychological $100,000 level, which increases the chances of an upside breakout. If the $104,088 level is overcome, the upward momentum could strengthen, taking the price to $113,331 and further to $125,000. Current resistance is in the range of $101,900-$104,088. A break below the $95,285 level would indicate profit taking, which could lead to a decline to $90,000 and $84,110. If price bounces off $90,000 and returns above the averages, it could indicate consolidation in the $90,000-$104,088 range. Current data gives a slight advantage to the bulls.