#GT# #BTC# #XRP# #ETH# #DOGE# The rise of Bitcoin faces a hurdle of 103.9 Thousand Dollar: is a breakout coming or a retreat to 102.5 Thousand Dollar?

The price of Bitcoin is approaching the critical resistance level at 103,900 Dollar while the upward momentum has pushed the price above 103,000 Dollar upon breaking the trendline.
At the level of 102,526 Dollar, it provides support in case of a rise in the market from its current levels with short-term fluctuations.
The breakout above the level of 103,900 Dollar could reach 105,000 Dollar or some consolidation, while in the case of failure, the price may drop slightly.
Bitcoin (BTC) is approaching a critical resistance area after a period of rise, having exceeded a price of 103,000 US Dollar. This rise comes after a strong technical breakout of a downtrend line that had formed over several months.
Currently, the price of Bitcoin is trading at around $103,825, marking a rise of 0.8% over the past twenty-four hours. The current trend indicates a continuation of the rise, but market participants are closely monitoring the upper resistance level for confirmation.
Bitcoin is facing key resistance despite the upward momentum.
The current chart structure indicates a strong bullish breakout, with the price of Bitcoin steadily rising throughout April and into May. The horizontal supply zone, located between $103,900 and just slightly above, represents the main barrier to further rises. This level has previously triggered sell-offs and consolidation, making it an important technical point of interest. ❤️❤️❤️🔥🔥📈🚀💯