Bitcoin Price Targets $110,000 All-Time High After Consolidation Trend Ends

Over the past three days, Bitcoin has hovered between $103,000 and $104,500, creating a narrow channel after a notable rally that saw it break above $100,000 last week. Technical analysis of the daily candlestick chart shows the formation of a minor impulsive wave from $103,000, which may mark the final end of the recent consolidation and the beginning of a fresh rally towards new highs. Notably, recent price action in the past 12 hours or so has seen the gradual end of the consolidation, and attention is now turning to the next psychological level at $110,000. Analyst Sees Breakout As Signal For Upside Continuation In a post shared on the social media platform X, crypto analyst CrediBULL explained the logic behind his current long trade setup, pointing out that Bitcoin has broken away from its three-day consolidation zone with an early impulse that started at the $103,000 level source: https://www.newsbtc.com/news/bitcoin/bitcoin-targets-110000-ath/