"Bitcoin at a Crossroads: $130K Breakout or Brief Pullback?"
Bitcoin ($BTC ) technical outlook and future trend based on the latest charts and market conditions:
Current Price: ~$105,000. Holding firm after recent dip toward $104K.
Short-Term Trend: Slight pullback or sideways consolidation likely; support strong near $103K–$104K.
Key Support Levels: $103K and $97K. If broken, could lead to deeper correction.
Key Resistance: $112K. A breakout above this may push BTC toward $115K–$130K.
Medium-Term Trend: Bullish. Golden cross and breakout patterns suggest upside potential.
Macro Boosters: ETF inflows, possible Fed rate cuts, and weakening USD fuel long-term bullish sentiment.
Risk Factors: Geopolitical tensions and overleveraged liquidations can trigger sudden drops.
Outlook: Bitcoin may range between $103K and $112K short term, but trend structure remains bullish. A clear break above $112K sets the stage for $130K+ in coming months.
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