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@ tzongocu
2025-05-11 14:31:28
📰 News Alert...
🔖 Title: Bitcoin's Weekly Close Pivots on Critical Price Point Ahead of All-Time Highs
🗓️ Published: 2025-05-11T17:31:22+03:00
📄 Summary: As Bitcoin (BTC) approaches a crucial weekly close, analysts emphasize the importance of holding the key price level of approximately $104,500 to potentially trigger a breakout towards new all-time highs. Recent trading activity has seen Bitcoin reach multimonth highs near $105,000, fueled by favorable market conditions, including positive sentiments about US-China trade negotiations. However, some traders remain cautious, predicting the possibility of a price retracement. The market awaits to see if Bitcoin can maintain upward momentum to enter a new phase of price discovery.
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https://cointelegraph.com/news/bitcoin-must-close-week-this-level-start-price-discovery?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
🗞️ Source: Cointelegraph by William Suberg
💓 #Bitcoin #CryptoMarket #InvestmentAnalysis