Bitcoin targets new highs above $110K this week amid bullish setup

Bitcoin (BTC) is eyeing fresh price highs above $110,000 this week, according to a report from Cointelegraph. BTC recently rebounded above $105,000 after seeing a double-bottom pattern on the 1-hour chart. It is currently trading within a range of $106,300 to $100,600—similar to its previous range between $97,900 and $92,700 seen in late April. The report suggests BTC could consolidate between $103,500 and $105,200 over the next 24 hours, potentially setting the stage for a breakout above $107,000 and a push toward new highs. However, failure to maintain support at $103,500 could trigger a retest of $102,000. Meanwhile, Glassnode data shows a change in investor behavior, with smaller holders (those holding less than 1 BTC) joining the bullish trend, as indicated by the latest Accumulation Trend Score chart.