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Bitcoin's Crucial Resistance at 120K US Dollars and Ethereum's Role in Recovery

Currently, Bitcoin needs to recover its previous levels, specifically surpassing the 120,000 US dollar mark. Until now, it has been moving in tandem with Ethereum, which indicates that for Bitcoin to resume significant upward momentum, Ethereum must either break above 4,300 US dollars or Bitcoin must go beyond the 120,000 US dollar resistance level.
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AI Analysis

The current market outlook suggests that Bitcoin has not yet regained its previous strong support levels, with the critical resistance around the 120,000 US dollar mark. Historically, Bitcoin's price ...

AI Recommendation

Traders should keep a close watch on Ethereum approaching and surpassing the 4,300 US dollar level, as it could serve as a trigger for Bitcoin's bullish breakout. If Ethereum manages to break above th...

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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