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Bitcoin price expected to accelerate if daily close above $113K is secured
Bitcoin made a new all-time high above $113,788 on Thursday, and several analysts expect the uptrend to continue. 10x Research head Markus Thielen told Cointelegraph that BTC has a 60% probability of rising more than 20% in the next two months. Milk Road co-founder Kyle Reidhead was even more optimistic, projecting a target of $150,000 for BTC in his post on X. Could BTC continue higher, or will breaking out to a new all-time high prove to be a bull trap? Let’s analyze the charts to find out. Bitcoin broke above the $110,530 resistance on Wednesday and hit a new all-time high at $113,788 on Thursday. However, the ... (full story)
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