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Bitcoin (BTC) Price Analysis: Technical Indicators Point to Further Gains Blockonomi 1 week ago

Bitcoin (BTC) Price Analysis: Technical Indicators Point to Further Gains 📈

Brian Armstrong Bitcoin Coinbase

Bitcoin's price is demonstrating strong upward momentum, climbing past $104,000 with potential to hit new all-time highs. Technical indicators are signaling a bullish trend with support at $103,500 and resistance around $107,000.

Coinbase CEO Brian Armstrong forecasts Bitcoin achieving a price range of "multiple millions", considering it a new global gold standard. His remarks were made at the World Economic Forum, underscoring Bitcoin's rising significance in the global financial landscape.

The analysis highlights the crucial factors that could influence Bitcoin's trajectory, appealing to investors and traders alike.

Source: blockonomi.com ↗

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