Bitcoin has successfully broken through a key resistance level, now turning it into strong support at $99,223. This marks a solid indication of bullish momentum, with the price eyeing a target of $115,000. After surpassing the $85,000 support zone, Bitcoin has built a strong foundation, signalling investor confidence in maintaining elevated prices. Historical trends suggest that this type of rebound aligns with Bitcoin's previous upward movements. Holding steady above $99,000, BTC seems primed for further growth.
With a market cap of $1.96 trillion and a 5.61% increase in daily price, analysts are optimistic about Bitcoin's sustained bullish trend. As trading volume stays stable, market sentiment continues to strengthen, possibly paving the way for a swift price surge.
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