BREAKING: Bitcoin HAS SURPASSED $108,000 New All-Time High Only Days Away?

Bitcoin has just surpassed the resistance zone of 108,000 dollars, driven by political momentum and new technical strength. With analysts keeping an eye on an ATH of 112,000 dollars, is BTC ready to explode? Bitcoin Price Analysis: Breakout Chart Signals Huge Upside Potential Bitcoin ($BTC) is showing new strength after breaking through the important resistance level of $108,000 — a level that previously halted several price rallies in June. This new bullish momentum comes right after a strong macro headwind: U.S. President Donald Trump stated in a speech that "Bitcoin reduces pressure on the dollar." The market interprets this as a green light for the long-term legitimacy of cryptocurrency — and traders are reacting accordingly. BTC Technical Setup: Confirm Breakout Increase? On the 4H chart, BTC has finally broken out of the descending triangle structure (the orange lines), confirming the bullish breakout. The breakout candle is clean and supported by volume, indicating continuation. The next important level to watch is $109,000 — the horizontal resistance level is now the final wall before Bitcoin can test the all-time high of $112,000. EMA 200 (green line): The price is currently trading comfortably above the EMA 200 at ~$105.138, reinforcing the change in trend direction. RSI (14): Currently at 64.70, approaching the overbought zone — but not yet in the reversal zone. This implies room for further upside, although a cooldown might occur before the next leg. Support zone: In case of a pullback, strong support is at $105,000 and then at $103,343. If BTC drops to that range, it may provide a high probability re-entry point.

Entry and Exit Strategy: Things Traders Should Pay Attention To Participation idea: Breakout and Retest Strategy: Wait for BTC to retest the breakout zone around $108,000. A successful retest and bounce back may provide a strong long entry towards ATH. Active Entry: Enter immediately with a tight stop loss below $106,500, targeting the next breakout level of $109,000 and then the ATH. Objective: $109,000 – The first major resistance level. $112,000 – All-time high. Above $115,000 – If BTC breaks ATH, the next psychological attraction level will be around $115,000–$118,000. Stop loss proposal: Under $105,000, where the EMA 200 line and the previous support structure are located. A break below that level could invalidate the current bullish argument. Trump's Declaration About Bitcoin Inspires Confidence Among Organizations Donald Trump's unexpected support for Bitcoin as a pressure release valve for the US dollar has provided BTC speculators with a much-needed catalyst. Combine with: The BTC options worth 40 billion dollars are about to expire. Continuous investment inflow from institutions. ETF performance is rising sharply. …it is not surprising that the market is growing strongly in the third quarter of 2025.