BTC Analysis About Next Move. 👇 🌚✨🌝
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Bitcoin (BTC) is currently trading around $71,000 and analysts are projecting significant movements in the near future. A widely followed crypto analyst, TechDev, suggests that Bitcoin might be heading towards a six-figure range later this year, potentially reaching $90,000 to $100,000. This prediction is based on the Elliott Wave theory and historical patterns from previous bull markets.
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Moreover, Bitcoin's price action is influenced by key support and resistance levels, with the current range between $68,743 and $71,645 being critical. Analysts suggest that a breakthrough above these levels could signal a further upward move.
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Additionally, the expiration of significant Bitcoin options contracts, worth $4.5 billion, is expected to create volatility in the market. This could lead to sharp price movements as traders adjust their positions.
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