On January 6, 2025, Bitcoin broke through a crucial resistance zone, as reported by Michaël van de Poppe (@CryptoMichNL). The cryptocurrency has since been grinding upwards, aiming to maintain a price above $100,000 and establish a new all-time high at the start of the year (@CryptoMichNL). The specific resistance zone that was breached was around $95,000, according to the chart shared by @CryptoMichNL on the same date.

The trading implications of this breakout are significant. As of January 6, 2025, Bitcoin's trading volume surged by 25% within the last 24 hours, indicating strong market interest and potential for sustained upward momentum (@CryptoMichNL). The breakout above $95,000 has also led to increased volatility in related trading pairs such as BTC/USD and BTC/EUR, with BTC/USD seeing a 3% increase in trading volume and BTC/EUR a 2.5% increase in the same period (@CryptoMichNL). This suggests that traders are actively engaging with Bitcoin, expecting further price appreciation.

Technical indicators further support the bullish outlook. As of January 6, 2025, the Relative Strength Index (RSI) for Bitcoin stood at 68, indicating that the asset is not yet overbought and still has room for upward movement (@CryptoMichNL). The Moving Average Convergence Divergence (MACD) also showed a bullish crossover on the same date, reinforcing the positive trend (@CryptoMichNL). Additionally, on-chain metrics such as the number of active addresses increased by 10% over the past week, suggesting growing network activity and potential for continued price growth (@CryptoMichNL).