Bitcoin breakout odds climb as all-time highs meet $90K dip warning 📈
Bitcoin continues to defy expected movements as it trades within a narrow range, sparking forecasts of a forthcoming breakout. Analysts predict price discovery may lead BTC to new heights, with some projections targeting $105,000-$106,000 as immediate points of interest. Meanwhile, signs suggest a possible pullback towards $90,000 should the trend reverse.
Analysts Daan Crypto Trades and TheKingfisher emphasize significant liquidity build-up around current prices, hinting at potential volatility. If BTC breaks from this consolidation, there's a chance for profound market shifts amidst the prevailing trading sentiment towards bullish outcomes.
However, Crypto Caesar cautions that any rejection at the current zone could initiate a deeper pullback. As traders eye the landscape, expectations remain mixed regarding Bitcoin’s trajectory in the near term.
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