Bitcoin Eyes $109K, New ATH Looks Inevitable

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Bitcoin's price hovers around $107,000, showing technical strength as BTC’s chance of rising to new all-time highs appears to be increasing, new analysis suggests.

Bitcoin price coils at $107,000 as liquidity builds up around the all-time highs.

A support/resistance flip at $109,000 is a must for the bulls as new record highs become “inevitable,” says analyst.

Bitcoin saw modest gains over the weekend, climbing by as much as 3% to $108,000 on June 29, mirroring similar movements across the broader crypto market.

After taking out some liquidity around $108,000, traders said a rally to fresh all-time highs was “inevitable” as ask bids build up above $109,000. 

Bitcoin primed for new all-time highs

Bitcoin’s price has been below $108,000 since sliding below it on June 11. This price level remains critical for traders.


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