BITCOIN $BTC COULD HIT $85,000 LEVEL

Bitcoin is currently trading at $67,908, up 2.61% since July 26. Analysts are bullish, citing a "descending broadening wedge" pattern that could signal a breakout to $85,000. Recent price action has been resilient, recovering from $55,854 to $68,181. Reaching $69,000 could trigger a liquidation of $929.65 million in short positions, amplifying the upward momentum. However, some analysts caution that resistance at $72,000 could slow the ascent. The upcoming Bitcoin 2024 conference, where Donald Trump is scheduled to speak, adds to the market's intrigue, with speculation about a potential Bitcoin reserve plan announcement.

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