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Bitcoin Price Prediction: Bullish Scenario Points to Breakout Above $130k
The current trend in the cryptocurrency market is indicating a bullish scenario for Bitcoin, suggesting a potential breakout above the $130k mark. As of writing this article, Bitcoin is trading slightly below the $104k level.
As seen in previous cycles, the price has been steadily rising with shallow pullbacks, which may indicate that we are on the cusp of reaching even higher targets. The push higher suggests that we could soon reach these higher targets.
The focus remains on Bitcoin reaching $130k, with some predicting further extensions, potentially up to $170k or $190k.
Source: coinpedia.org
