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BTC

Bitcoin poised for rally: eyes $120,000 despite dip

Analyst KillaXBT forecasts that Bitcoin could reach $120,000 by mid-June, despite a recent decline in price. He recommends traders should consider opening long positions at $104,000, pointing to a possible rebound following a 7% downturn. Currently, Bitcoin trades at $104,519, up 0.70% today.
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AI Analysis

The recent analysis by KillaXBT indicates a bullish forecast for Bitcoin, despite experiencing a 7% price drop. The suggested entry point of $104,000 aligns with the current price, which is near the s...

AI Recommendation

Given the forecasted rally and recommended long entry at $104,000, traders might consider initiating long positions around this level, ensuring proper risk management with stop-loss orders just below ...

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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