Analyst: If Bitcoin Holds the Key Closing Price of $104,500, It May Initiate a Second Round of Price Discovery Uptrend
According to Cointelegraph, analyst Rekt Capital stated that Bitcoin's critical weekly closing price level is around $104,500 and must turn into support. Bitcoin is on the verge of initiating a second round of price discovery uptrend. Whether Bitcoin can close this week above the upper boundary of the recently reclaimed re-accumulation range is crucial.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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