Bitcoin Approaches $107,000 Resistance, Eyes $135,000 Target

Bitcoin has recently regained its bullish momentum, breaking out and retesting key technical levels. The cryptocurrency is now approaching the first Fibonacci extension around $107,000, a significant resistance zone that, if cleared, could pave the way for higher price action.

The Fibonacci extension is a widely used tool among traders for identifying potential future price targets during uptrends. Bitcoin reaching this level indicates strong buyer interest and sets the stage for the next significant move.

If Bitcoin successfully clears the $107,000 resistance, the next major target becomes $135,000. This level aligns with the next Fibonacci projection and is supported by a healthy market structure, suggesting a continued uptrend.

The macro outlook remains positive as long as Bitcoin maintains its momentum and holds above critical support levels. Volume trends, investor sentiment, and historical cycles suggest that the path to $135,000 is not just hype but a technically supported possibility.

While technical indicators support a bullish scenario, the key will be whether market momentum sustains. Traders will be closely watching for volume spikes and broader market confirmation. If momentum fades, a retest of lower support zones could delay the move.

However, with the market structure aligning and Fibonacci levels acting as clear roadmaps, Bitcoin’s journey to $135,000 remains very much in play.