Bitcoin Approaches $100K: What Investors Need to Know
TL;DR Summary
Bitcoin is nearing the $100,000 mark, having surged 40% since November 5, amid expectations of a crypto-friendly U.S. administration. The cryptocurrency recently broke out from a pennant pattern, indicating a continued bullish trend, with a projected price target of $118,000. Key support levels to watch are $93,000 and $70,000, which could attract buying interest during pullbacks.
Topics:top-news#bitcoin#cryptocurrency#cryptocurrencymarket#investment#priceanalysis#technicalanalysis
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