Kraken Observes Bitcoin’s Bullish Surge: $110K ATH in Sight

Bitcoin has recently broken through the $106,000 resistance level, signaling a strong upward trajectory. With a consolidating base above $105,500 and a newly formed bullish trend line on the hourly chart, the cryptocurrency is now eyeing a potential surge toward $110,000. Market sentiment remains optimistic as BTC clears key Fibonacci retracement levels, indicating robust buyer interest. The $107,000 resistance is the next critical level to watch, and a successful breach could pave the way for new all-time highs. Kraken traders are closely monitoring these developments, as the breakout could further solidify Bitcoin’s dominance in the crypto market.

Bitcoin Price Breakout Looms: Charts Signal Run Toward New ATH

Bitcoin has initiated a fresh upward trajectory, breaking through the $106,000 resistance level with bullish momentum. The cryptocurrency now eyes a potential surge toward $110,000, supported by a consolidating base above $105,500 and a newly formed bullish trend line on the hourly chart.

Market sentiment appears optimistic as BTC clears key Fibonacci retracement levels, suggesting strong buyer interest. The $107,000 resistance zone remains the next critical hurdle for bulls to overcome.

Ethereum Price Flashes Bullish Signal Amid Key Resistance Test

Ethereum has rebounded from a $2,308 low, demonstrating resilience as it climbs past the $2,500 mark. The breakout above a bearish trend line at $2,530 signals potential upward momentum, with eyes now set on the critical $2,650 resistance level.

Market activity suggests growing confidence among traders, particularly as ETH outperforms Bitcoin in recent corrective movements. The 100-hourly Simple Moving Average reinforces this bullish sentiment, though sustained progress hinges on clearing higher price barriers.