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Daniel encryption analyst revealed that Bitcoin price It confirmed its imminent outbreak to 106,000 dollars. He explained how technologies and basics support this upward prediction and is currently in line with this BTC gathering to a goal of $ 106,000.
The analyst predicts the division of bitcoin to 106,000 dollars
in Tradingvief PostDaniel stated that the price of bitcoin is now ready to reach the following important resistance area of about $ 106,000, which is also compatible with a large resistance level. The analyst pointed out that the market is now following a solid budget, which prompted the medium resistance in the past and confirms the continuation Rising channel structure.
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He also pointed out that the price of bitcoin can reach this goal of $ 106,000, as buyers intervene strongly and the price that respects the bullish market structure. Crypto already shown a strong bullish momentum, after it exceeded $ 90,000 earlier this week and Rapid to 95,000 dollars For the first time in two months.
Daniel indicated that this penetration occurred after a well -defined double bottom about The main support zone near $ 74,000. He added that the inability to create a new decline and a sharp rejection from that region confirmed the presence of the strong buyer and the distinction of a clear exhaustion for the sellers.
The basics also support this BTC assembly
Daniel also explained that the basics support this bitcoin price to 106,000 dollars. He pointed out that BTC is gaining strength due to many major economic transformations. These transformations include macro Donald Trump’s tariffWhich led to uncertainty in the market and pushes investors to search for alternatives outside the stock and bond markets.
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The analyst highlighted the fact that the price of bitcoin has flourished during periods of instability, as investors see it as a hedge against The instability of the dollar. He added that global central banks continue to tighten monetary policy, which increases the recession. With fears of inflation and stagnation, investors appear ready to diversify their assets such as BTC with limited supply.
Daniel also confirmed that the deep institutional interest provides a strong basis for the continuous bitcoin price movement about $ 106,000. He pointed out that institutional adoption is still in the rise, with an increase in the immediate market activity Institutional funds see huge flows.
The analyst has repeated the convergence of strong technical patterns, especially the confirmed interruption and continuation within the emerging canal, indicating a possible continuation of the upward momentum of the bitcoin price. It also supports strong and institutional overall adoption by a sustainable bullish momentum for BTC.
Daniel urged market participants to closely monitor confirmation signals, such as high bullish size, closing strong candles above the level of penetration of $ 90,000, and continuing patterns that are formed on low time frameworks to verify the target of $ 106,000.
At the time of this report, the Bitcoin price is traded at about $ 94,660, within the past 24 hours, according to Data From Coinmarketcap.
Distinctive photo of Pixabay, Chart from TradingView.com
