The price of Bitcoin is about to break through $96,000. Can it reach a new high?
Bitcoin has strongly rebounded from the $91,400 area, breaking the $94,000 support and rising to $95,250, indicating a recovery of bullish confidence. BTC is approaching the key resistance level of $96,000, and once broken, the upward momentum is expected to accelerate, potentially targeting $97,500 or even higher at $98,800!
However, if it fails to break through $96,000, there is a risk of a pullback, with support around $94,000. If it falls below $93,500, it may drop back to $91,200. A critical moment in the market is approaching, and whether it breaks or pulls back could be revealed in the next few hours!
The price trend will determine the direction for the coming week. Whether the bulls can break this key resistance will determine how far Bitcoin's new round of gains can go.
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