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Bitcoin Rises Towards the $113,000 Level

Bitcoin Rises Towards the $113,000 Level

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by Giorgi Kostiuk

2 days ago

Bitcoin, the largest cryptocurrency, is currently trading around $112,800, drawing attention to the critical level of $113,000.

Breakout Test for the $113,000 Level

Analyst Rekt Capital confirmed Bitcoin's technical breakout, emphasizing the importance of a daily closing or retest around the $113,000 level. Maintaining momentum above this mark is essential for sustained upward movement.

Analysts Expect Price Increase

Experienced analyst Michaël van de Poppe evaluated Bitcoin’s current activity, indicating a potential upward breakout. He noted the market's struggle to surpass this critical level.

Current Bitcoin Performance

Reports indicate that Bitcoin rose 1.89% in the past 24 hours, trading at $112,760. Data from CryptoAppsy shows that Bitcoin's trading volume increased by 16.19%, reaching $67.37 billion.

Currently, Bitcoin shows signs of growth, and surpassing the crucial level of $113,000 may lead to new price targets.

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