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Bitcoin on Track for $100K: Rumors and Lack of Confirmation

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by Giorgi Kostiuk

2 hours ago


Rumors that Bitcoin has reached new heights continue to circulate, yet there is no official confirmation. This article explores the current market situation, including institutional interest.

Lack of Official Confirmation

Bitcoin reportedly has maintained prices above $100,000 for 40 days and above $110,000 for 24 days, but these reports lack confirmation from reliable sources, casting doubts on their validity.

Institutional Interest as a Support Factor

There is a belief that institutional demand is a key factor supporting Bitcoin's believed price levels. Analysts suggest that ETFs and active trading desks contribute to BTC's rise, despite the absence of official statements from leading industry figures.

Observations on Future Market Movements

The current situation is drawing attention from financial markets, as reported milestones for Bitcoin raise questions about future movements. Experts advise relying on data and historical trends to navigate uncertainties.

Ongoing discussions regarding Bitcoin's price continue to unfold, but the lack of confirmations from authoritative sources leaves room for speculation in the market.

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