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Bitcoin's breakout from a technical formation targets a crucial zone between $96,200 and $102,100. Analysts speculate this zone could lead to new highs or face rejection. Short squeezes above $90,000 could further bolster buy pressure.
Senator Tim Scott anticipates passing a crypto market structure bill by August 2025, emphasizing innovation before regulation in the digital asset space.
Bitcoin traders express optimism as the cryptocurrency shows potential for a long-term bullish trend with a W pattern breakout, suggesting positive market sentiment.
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