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BTC

Bitcoin Eyes Recovery Above Support Level with Potential Rise to $114,800

I believe Bitcoin is currently attempting to rise above its support level. If a strong rebound occurs from this point, I expect the price to ascend toward the initial short liquidation target zone between $114,400 and $114,800, which could trigger further buying momentum.

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AI Analysis

In the current market scenario, Bitcoin is showing signs of attempting to move above a key support level. This level acts as a crucial pivot point for potential bullish momentum. If buying pressure in...

AI Recommendation

Considering the current technical setup, I recommend closely watching the support area for signs of a strong rebound. If such a bounce materializes, it could be an opportunity to position for a short-...

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.

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