Is Bitcoin preparing for a historic breakout?
Current price: $103,000
Closest resistance: $105,000
Most important support: $100,000
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Tradexel_FX Analysis:
Bitcoin is steadily moving near strong resistance levels, supported by positive news and expectations of interest rate cuts.
The upward momentum is clear, but the fear and greed index at 74 indicates excessive greed, which may precede a quick correction.
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What does the market say?
55% of participants expect a rise
45% expect a drop
Overall trend: Cautious optimism
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Question of the day for followers:
Do you think #Bitcoin will break the $105,000 level this week?
Yes, the explosion is coming!
No, a correction is near
The market needs to consolidate
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