Analysis: The current price trend of Bitcoin is highly similar to the previous breakthrough pattern, and it may break through the historical high of $110000 this week

Odaily Planet Daily News: On chain data shows that the current price trend of Bitcoin is highly similar to the previous breakthrough pattern: After forming a double bottom structure, the 1-hour chart rebounded above $105000; The key support level of $102500 in liquidity has been absorbed; Glassnode monitoring shows that the cumulative rating of the 100-10000 BTC holding group has reached 0.85-0.9. Technical analysts point out that if the market can maintain a consolidation within the range of $103500-105200 in the next 24 hours, the probability of breaking through $107000 this week and challenging a new high of $110000 will significantly increase. However, we need to be vigilant about the risk of deviation from the daily RSI peak, as failure to effectively break through may lead to a pullback to the support level of $102000. （Cointelegraph）