Bitcoin (BTCUSD) has jumped up and hit our target of $108,250, getting close to the $110,000 level. The price could keep rising toward $112,000 if the upward trend continues. However, if Bitcoin falls below $104,900, it might drop further and test key support levels around $98,930. Today's expected range: • Support: $106,500 • Resistance: $111,000 Trend outlook: Bullish (upward movement expected).