Bitcoin extended its rebound on Wednesday, climbing to a one-week high of $107,256 in late-morning trading, according to LSEG pricing. The token later traded above $108,000, erasing the losses that had pulled it down to about $98,000 earlier in the week. The latest advance also lifted Bitcoin’s share of the overall cryptocurrency market to 61.7%, up from 59.8% the previous day, CoinGecko data show. Rising dominance suggests investors are concentrating in the largest digital asset at the expense of smaller tokens. Technical indicators remain broadly constructive, with all major moving averages flashing bullish signals, according to market-analysis site BTCTN. Traders are watching for confirmation of a breakout above roughly $107,300 and eyeing resistance near $112,000, levels that could clear the path toward a fresh all-time high.
Bitcoin holds steady at $107K 📈 as technicals hint at a bullish breakout. Mixed signals from oscillators, but moving averages remain strong. Eyes on $112K resistance. 🚀 Rebound from $98K low. All major MAs flash bullish signals. Watch $107,300 breakout.
Bitcoin $108100 ☝️ https://t.co/Ua1QWvw40q
IF WE HOLD $108,000 AND ABOVE UNTIL THE END OF THIS WEEK BITCOIN WILL HIT $121,000 NEXT WEEK