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Bitcoin Breaks Out of Multi-Week Range: Targeting $96K or $106K

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by Giorgi Kostiuk

4 months ago


Bitcoin has recently broken out of its multi-week consolidation range, sparking discussions among analysts and institutional investors about potential price targets.

New Price Levels

Bitcoin has fluctuated between $102,000 and $112,000 since May 2025. The recent price movement is significant for the cryptocurrency market, and analysts suggest the next targets could be $96,000 or $106,000.

Institutional Support

Institutional investors continue to actively support the cryptocurrency market, reflecting an increasing interest in Bitcoin. Investors view the $100,000 level as a significant technical threshold, indicating strong institutional confidence in the long-term potential.

Analyst Projections

Analysts predict that overcoming current resistance could lead to a price of $109,150, although a drop to $96,000 remains a possibility. Historical price patterns suggest that current support could lead to new bullish trends.

The recent price fluctuations of Bitcoin underline its stability and potential for growth amidst institutional interest, as analysts continue to monitor its dynamics.

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