Bitcoin Bulls Face Make-Or-Break Moment At $106,500 Resistance – Details 📈
Bitcoin is at a crucial juncture, retesting a significant resistance level at $106,500. Analyst Crypto Patel highlights that the outcome at this resistance could lead to a bullish continuation towards $120,000 or a fallback to $75,000. Despite a recent dip, strong bullish sentiment persists, boosted by robust institutional investments.
At press time, Bitcoin's price is $103,355, having seen a 1.62% weekly decline. Monthly gains stand at 21.46%. Analysts from CoinCodex predict Bitcoin could hit $127,872 soon, followed by a correction. Long-term projections see BTC between $148,167 and $155,583 in the coming months.
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