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BTC price prediction: The direction for the leading cryptocurrency will be determined by these levels!
The daily chart shows that the Bitcoin price has reached the $105,000 target zone. Additionally, it indicates consolidation around this level. This consolidation has formed a rising expanding wedge pattern, which suggests strong volatility. The price also touched the 50-day SMA at around $94,600 before starting its uptrend. This retracement occurred within the support zone of the rising expanding wedge. A break above $108,000 could trigger the next upward movement, while a break below $90,000 could lead to a deeper correction.
#Crypto Market Year-End Predictions #Santa Claus Rally, Will the Rise Continue?