Bitcoin is not too far away from a breakout. The $104,000 level is an important resistance level, but a breakout beyond this level could see the price approach the $108,000 – $109,000 price level, its previous all-time high.
While several indicators, including the Relative Strength Index (RSI), are showing neutral levels, the overall chart structure suggests bullish possibility. Just as long as BTC stays above the $101,500 support zone, the market structure remains intact.