Yigit Taha OZTURK 
Market momentum is picking up again, and all eyes are on bitcoin. Following the weekly open, a series of positive headlines has fueled a strong upward move. Among them, a major geopolitical event—the Israel ceasefire acceptance—has had a visible impact on price action.
Red Box and $108,791 Resistance Are Key
On the 4-hour chart, BTC is approaching the critical $108,791 resistance level. This area, which aligns with the red box zone, is technically significant. If Bitcoin can secure a close above this zone, the potential for a new ATH (All-Time High) becomes a realistic scenario.
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Recent consolidation phases have kept traders cautious, but a breakout here could signal a renewed bullish trend. Market volume and momentum are worth watching closely at this level.
Support Still Holding Well
On the downside, the $106,622 – $105,725 range remains a solid support area. It has continued to hold during recent pullbacks, showing buyer interest at those levels. Today’s upward movement was also strongly influenced by the breaking news that Israel has accepted a ceasefire—proving again how geopolitical factors can rapidly shift sentiment in the crypto market.
Right now, BTC is at a decision point. A breakout could mean new highs, while failure to breach the resistance might lead to another period of sideways movement.
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