Bitcoin Retraces After Reaching 100,000
Yesterday, Bitcoin once again reached the critical 100,000 USD zone, only to retrace shortly afterward. On the daily timeframe, the price remains range-bound, with technical indicators still showing bearish signals. Despite this, optimism around Bitcoin persists, particularly with Trump’s anticipated return to the White House, a development that could impact the economy and digital assets. Moreover, if the USD undergoes a bearish correction after its recent rally, it could trigger upward movement in BTC’s price.
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