strong buy
Bitcoin Approaches Key Resistance at $114K After Recent Surge
After a turbulent week involving Trump and Musk, as well as market corrections, Bitcoin's price has risen again above $105,000. According to Glassnode analysis, key price levels include potential resistance at $114,000 and support at $83,000. Bulls are aiming for a breakout as long as the price stays above the breakeven point of $97,000. A drop below $97,000 could indicate weakness and test the support at $83,000, with bearish implications. At $105,700, Bitcoin has increased by 1.07% over the past 24 hours, although trading volume has decreased by 34.27%. Follow Bitcoin's price movements at these critical levels to gauge future trends.
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AI Analysis
The recent price action of Bitcoin indicates a cautious optimism among traders and investors. Surpassing the $105,000 mark signifies that despite volatility stemming from geopolitical and market-wide ...
AI Recommendation
Traders should exercise caution and consider the current technical levels as a guide. Maintaining positions above $97,000 could provide opportunities for bullish trades, especially if a confirmed brea...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.