🔴A quick return to levels close to 110 thousand dollars for Bitcoin in the last 24 hours, with a rise of over 3%, has pushed the entire market into a state of optimism, as the total market capitalization of crypto jumped above 3.42 trillion dollars once again.
📌This optimistic trajectory reflects, on one hand, the technical analysis of the largest cryptocurrency in the world driven by institutional accumulation and positive macroeconomic trends, especially positive news regarding US-China negotiations.
📌Looking at the Bitcoin chart, the inverted 'Head & Shoulders' pattern we observed from the price movement on June 10 indicates a potential rise to 150 thousand dollars, but with one key condition: Bitcoin must strongly break through the pivot point at 113 thousand dollars.
#BTCBreaks110K #BTC110KSoon? #BinanceAlphaAlert $BTC
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