🔥Bitcoin's Next Step: Challenge the 100,000 and Higher Targets?

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Currently, 100,000 is the recent main target at the price of 28,302,079,173, but what is truly worth noting is: does Bitcoin have the ability to break through this important psychological barrier and enter a new historical high?

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From a technical perspective, Bitcoin is currently at a critical turning point. If it can continue to hold steady between 90,000 and 95,000 and further consolidate its support range, the likelihood of challenging and breaking through the historical high of 108,000 will significantly increase. Once broken, the potential for upward movement in the next phase is expected to open up, and it may even challenge 130,000 in the next cycle.

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🔥Bitcoin has currently reclaimed several important technical indicators, such as the Short-Term Holder Realized Price (STH Realized Price), 100-day, 200-day, and 365-day moving averages, all of which are seen as symbols of a strong market structure.

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However, the possibility of a pullback cannot be ruled out. If Bitcoin fails to maintain its current support or if the global market environment suddenly turns bearish, its price may retreat to the 80,000 range. At that time, the market will face an important "pullback test"; if it cannot quickly reclaim the key levels, it may trigger a deeper downward trend.

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