Bitcoin has rebounded sharply this week, gaining 7% to currently trade near $106,900, just below critical resistance around $108,250. Traders are closely watching the next 48 hours, which could determine if BTC breaks higher toward $110,000 and beyond or pulls back to support zones near $105,000. Technical indicators show mixed signals with a weakening bullish momentum, while macroeconomic factors such as eased geopolitical tensions and softer US regulatory rhetoric support Bitcoin's stability. Institutional demand remains strong, propelling optimism for further gains. Additionally, the Bitcoin Hyper Layer 2 presale is nearing its goal, promising scalable, low-cost smart contract solutions on the Bitcoin network. The coming days are pivotal for Bitcoin's short-term trajectory and ecosystem development.
Continue to read Bitcoin Price Set for Crucial 48 Hours: Traders Eye Key Resistance and Support Levels
Bitcoin has rebounded sharply this week, gaining 7% to currently trade near $106,900, just below critical resistance around $108,250. Traders are closely watching the next 48 hours, which could determine if BTC breaks higher toward $110,000 and beyond or pulls back to support zones near $105,000. Technical indicators show mixed signals with a weakening bullish momentum, while macroeconomic factors such as eased geopolitical tensions and softer US regulatory rhetoric support Bitcoin's stability. Institutional demand remains strong, propelling optimism for further gains. Additionally, the Bitcoin Hyper Layer 2 presale is nearing its goal, promising scalable, low-cost smart contract solutions on the Bitcoin network. The coming days are pivotal for Bitcoin's short-term trajectory and ecosystem development.
Continue to read Bitcoin Price Set for Crucial 48 Hours: Traders Eye Key Resistance and Support Levels
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