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Bitcoin: $112,000 Level Emerges as Key Resistance for Next Leg Higher

Pelican Press

By Pelican Press,
in World News

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Last week, ’s price bounced back strongly from the $106,500 level, stopping its recent decline. This level is an important support zone because it matches both the lower boundary of the bearish channel and the Fib 1.0 retracement level (106,159). Holding steady here suggests that Bitcoin is still moving within its current price channel. At the start of this week, BTC rose and briefly moved above…

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