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BTC PRICE FORECAST
Bitcoin's (BTC) recent price movements have captured the attention of investors and analysts alike. After reaching an all-time high of $109,000, the cryptocurrency experienced a pullback, testing the critical support level at $95,000. This level is pivotal for Bitcoin's (BTC) future trajectory. A famous analyst recently highlighted that Bitcoin's price is currently retesting the support line of an ascending channel after briefly dipping below $95,000, a move he termed a "False Break."
This suggests that the ascending channel remains intact, and if Bitcoin (BTC) can hold this support line, it will likely continue moving upwards within the channel. He forecasts that Bitcoin's (BTC) next price target would be the upper resistance line of the ascending channel, pointing towards a range between $110,000 and $112,000. This analysis underscores the importance of the $95,000 support level. Holding this line could pave the way for a bullish continuation, potentially propelling Bitcoin (BTC) to new heights. Conversely, failing to maintain this support might lead to further declines