Bitcoin maintains its position above the 100K mark, with any downside likely to be limited before a potential push toward a new record high

Bitcoin extends its upward momentum, reaching its highest level in nearly three and a half months on Friday, following Thursday’s 6.7% surge—the strongest daily gain since March 2.

Positive sentiment was bolstered by the announcement of a US-UK trade agreement and anticipated US-China talks over the weekend, which could further support the bullish outlook and drive prices higher.

Bulls are now targeting 106,440 (the January 30 high), with the next major hurdles at 109,582 and the psychological 110,000 mark (new record high).

However, some profit-taking at the week’s end, coupled with overbought daily indicators and a bearish divergence in 14-day momentum, suggests a potential pause before the next push toward key targets.

Any pullbacks are expected to be limited, with the broken 100K level providing strong support. This level is likely to hold as Bitcoin is set for a fifth consecutive weekly gain, signaling that the corrective phase from the new record high may be over.

Res: 104393; 106440; 108.400; 109582
Sup: 101276; 100000; 97957; 96138