Bitcoin Must Close Above $107,000 To Confirm Breakout Or Risk Dropping To $98K
After a powerful rally earlier this month, Bitcoin’s price action has stalled just above $103,000 and has been caught in a tight consolidation range for over the past week. The daily chart shows consistent resistance just above $107,000, with the latest candles forming in a compressed horizontal band, indicating indecision and low momentum. Related Reading: ‘Judgment Day Is Coming’—XRP Set To Explode, Analyst Warns This price behavior could be seen as a pause before the next leg higher. However, it could also be a trap that could cause a reversal towards $98,000. Daily Close Above $107K A....
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