$BTC made a significant move today, reaching a new peak of $104,145 before beginning to pull back. Currently, it's priced at around $102,477, showing signs of a typical retest. After a powerful surge from $99,090, it's natural for the market to take a breather before deciding on its next direction.
The $100,000 mark has now become a key support zone. As long as Bitcoin stays above this level, the bulls remain in control. This pullback presents a potential opportunity for savvy traders to re-enter, particularly if the price holds steady between $101,000 and $100,000.
If the price bounces strongly from here, we could see Bitcoin break out and push towards $105,000 and beyond. However, if $100,000 is broken, a deeper pullback may follow. Keep an eye on the market closely.
Trade cautiously with $BTC
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