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Bitcoin Inches Closer to $100K: What Comes Next?
Current Market Snapshot
Bitcoin has recently surged above $97,000, marking a multi-month high. The bullish sentiment is fueled by MicroStrategy’s (now “Strategy”) announcement to sell up to $21 billion worth of shares to buy more Bitcoin.
This move, combined with increasing institutional support, has reignited optimism for a $100K breakout.
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Technical Analysis Summary
Resistance levels: $100,000 and $107,000
Support levels: $92,000 and $85,000
Chart pattern: Bullish breakout from a dow
Bitcoin has recently surged above $97,000, marking a multi-month high. The bullish sentiment is fueled by MicroStrategy’s (now “Strategy”) announcement to sell up to $21 billion worth of shares to buy more Bitcoin.
This move, combined with increasing institutional support, has reignited optimism for a $100K breakout.
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Technical Analysis Summary
Resistance levels: $100,000 and $107,000
Support levels: $92,000 and $85,000
Chart pattern: Bullish breakout from a dow
Bitcoin at the Edge: Can It Break Past Its All-Time High of $109,000?
Introduction: As Bitcoin trades close to $96,500, it has reignited discussions among traders and investors about a possible breakout beyond its previous all-time high of $109,000 (as per Binance data). The price action, supported by technical indicators, suggests an increasingly bullish sentiment in the market.
Technical Overview:
Current Price Action: Bitcoin is trading in a strong uptrend after bouncing from the $80,000 level. The daily chart shows a breakout above a critical
Technical Overview:
Current Price Action: Bitcoin is trading in a strong uptrend after bouncing from the $80,000 level. The daily chart shows a breakout above a critical
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