Bitcoin (BTC) Price Breaks Key Resistance Levels, Bulls Reclaim Dominance, Targets $75K-$100K ATH

Bitcoin cleared the crucial resistance levels, which indicates the bulls have reclaimed their dominance. With this, the possibility of forming a new ATH

Bitcoin price cleared a crucial resistance level on Monday, indicating that bulls may be back in the driving seat and sparking the possibility of forming a new all-time high (ATH).

After marking a new local top at $64,854 on Monday, the BTC price faced a 50% pullback as the price dropped close to $30,000 and consolidated for a couple of months. Later, the price broke out of the pattern and led to a 60% upswing to mark a new ATH close to $69,000.

Presently, the price seems to be at the foothill of a major explosion as the price is heading towards the upper resistance of the expanding megaphone, aiming to clear the levels. Moreover, the RSI is also displaying a similar action while the bull market support band is indicating a bullish crossover.

Hence, all the fractals are indicating a high possibility of triggering a fresh bull rally, which may not only lift the levels to $75,000 but could find a new ATH much higher than this. The BTC price faced only a 25% correction, which is just half of that it faced in 2021 and hence the upper limit is also expected to remain higher than before. Therefore, if the Bitcoin (BTC) price rally does recreate the previous trend, then the token may mark a new ATH above the $100,000 milestone before the end of the year.

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