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BTC

Bitcoin Rebound and Target Hiked to 130,096 After Corrective Dip

Take a look at the chart. We saw Bitcoin reach 122K, then it dipped below 111K. We decided to move into cash after seeing the rejection at 122K and believed we could buy back at 111K. As expected, the market reached back to 111K and rebounded. Now, our target for Bitcoin is 130,096.
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AI Analysis

In this analysis, I observed Bitcoin's price action as it initially approached a peak of 122K, only to face rejection and subsequently decline below 111K. This correction signaled a potential short-te...

AI Recommendation

Based on this market behavior, I recommend watching for confirmation of support at 111K and entering a long position once bullish signals align. It is prudent to set a target at 130,096, aligning with...

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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