Bitcoin Breaking Out—Can the Bulls Drive the Price Above $110 as Bears May Be Positioned at $109.7K? 📈
The Bitcoin price has recently broken out, positioning it less than 4% away from its all-time high (ATH) of approximately $111,980. This breakout has reignited hopes for a potential price discovery as Bitcoin once again enters a volatile and possibly lucrative phase.
Amidst the turbulence, Bitcoin is retesting its re-accumulation range, where it has lingered for the past four weeks. Bullish investors are eager to see if the price can overtake resistance levels positioned just below the ATH, ushering in new possibilities for upward momentum.
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