$BTC

#BTCUSD | Bitcoin is holding above $102,000 – Are we nearing a new breakout?

Bitcoin is currently trading at levels close to $102,600, with a slight decrease of -1.28% over the past 24 hours.

Key updates:

• The price is moving within the range of $102,300 – $104,300, indicating a state of anticipation in the market.

• The market capitalization has surpassed $2 trillion, attracting the interest of new investors, while professional investors are exercising caution.

• Technical analysis shows a continuation of the upward trend within an ascending channel, with the potential to test new resistance levels.

What are we monitoring?

• A breakout above $104,000 could push the price towards $106,000 or higher.

• Breaking the support at $100,000 could indicate the beginning of a deeper correction.

With the upcoming release of U.S. inflation data today, we may witness sharp market fluctuations.

Are we seeing a new rally or an impending correction?

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