Bitcoin Price Approaches $106,000 As Resurgence Continues — But Watch Out For This Level

Bitcoin Price Approaches $106,000 As Resurgence Continues — But Watch Out For This Level


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The Bitcoin price has continued to impress over this weekend, recovering strongly from the late week blues that saw it fall toward $101,000. From a broader perspective, BTC will be targeting the $110,000 mark and looking to reclaim its all-time-high price. With the premier cryptocurrency already closing in on the $106,000 level, the question is — where is the next obstacle in this recovery journey?

BTC Price Faces Significant Resistance Above $106K

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In a new post on the social media platform X, on-chain analyst Burak Kesmeci revealed two major levels that could be critical to the mid- to long-term trajectory of the Bitcoin price. This analysis is based on the realized

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