Bitcoin price is set to break the $95,000 barrier, with analysts targeting further gains to $106,000. This optimism is fueled by technical chart patterns suggesting continued bullish momentum.
The recent surge in Bitcoin's value is partly attributed to renewed positive market sentiment, spurred by Donald Trump's supportive stance on cryptocurrencies. His policies are perceived to be beneficial for the crypto market.
Despite the strong market outlook, traders are advised to proceed with caution. They are closely monitoring potential pullbacks with key support levels identified at $85,000 and $81,000. Assessing these zones is crucial before Bitcoin embarks on its next upward movement.
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