Bitcoin finds support at the level of $107,245, reflecting buying interest on dips. The price is moving between the 20-day exponential moving average ($107,314) and resistance at $110,530, and technical indicators suggest a potential bullish breakout. If the price exceeds $110,530, it could reach $111,980 and then $150,000. However, if it breaks the support level and the 50-SMA at $106,642, it could drop to $100,000 or lower. The current situation shows optimism, but risks remain.
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