Bitcoin Breaks Key Resistance: $108,900 Level Could Trigger Major Rally 🚀
Bitcoin maintains its price above the $108,000 level, with $106,000 acting as strong support, crucial for maintaining upward momentum. Cryptocurrency analyst Michaël van de Poppe identifies the $108,900 level as a key breakout point, suggesting a potential upside for Bitcoin's price.
Coinbase's spot bids indicate ongoing institutional interest, even as ETF outflows occur. This suggests that major players are accumulating Bitcoin. Meanwhile, the trading volume for Bitcoin has surpassed $29 billion, indicating heightened trading activity as traders anticipate a potential move to new highs.
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