Bitcoin has surged above $108,000 after breaking a critical resistance level, fueled by fresh bullish momentum following comments from U.S. President Donald Trump endorsing Bitcoin's role in reducing pressure on the dollar.
Technical analysis shows BTC confirming a bullish breakout on the 4-hour chart, with the next key level to watch at $109,000 before potentially testing its all-time high of $112,000.
Support zones are identified at $105,000 and $103,343 in case of a pullback, with potential re-entry points for traders to capitalize on the bullish momentum.
The endorsement from Trump, upcoming BTC options expiry, institutional inflows, and ETF performance are contributing to renewed confidence in Bitcoin, leading to a positive market outlook for Q3 2025.