๐ Bitcoin Price Forecast โ Updated Outlook
๐ Short-Term (Next 12โ48 Hours):
BTC is currently trading between $104,622 โ $106,791, with EMA7 and EMA25 converging โ a sign of growing bullish momentum.
If BTC breaks above $106,791, we could see targets at $107,500 โ $108,000.
Support remains firm around $106,000 โ $105,050.
๐ฎ 24-Hour Outlook:
Projected Range: $108,500 โ $111,500
Average Expected Price: ~$110,000
Closing above $107,500 opens the door to $112,000 โ $115,000
โ ๏ธ Risk Alert โ Macro Factors:
Binance analyst James Wynn warns that rising geopolitical tensions or unchanged U.S. interest rates could trigger a pullback to $93,000โ$95,000.
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๐ Mid to Long-Term Outlook:
2024: Institutional support and ETF inflows could push BTC to $110,000.
2025: Dr. Profit forecasts a rally to $120,000 โ $140,000 by MayโJune.
Next 100 Days: Favorable technicals and improving market conditions point toward a potential surge to $135,000.
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๐ Binance Trade Strategy Summary:
Bullish Setup:
Break above $106,791 = potential run to $108,000 โ $110,000
Bearish Scenario:
Drop below $105,050โ$104,400 = possible decline to $102,000โ$104,000
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Stay sharp and manage risk โ Bitcoin's next big move could be just around the corner.