Bitcoin Faces Critical $106k Test: Potential to Postpone Bear Market
Bitcoin Faces Critical $106k Test: Potential to Postpone Bear Market
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Bitcoin is currently testing a crucial pivot point at $106,400. This level has historically been instrumental in dictating market rallies and pullbacks. Analysts suggest that a sustained break above this threshold could potentially postpone the onset of a bear market, while rejection would likely necessitate a price rebuild below a fair-value axis.
Bitcoin is back at $106,400, a pivot point that has been critical to this cycle’s rallies and pullbacks. As we outlined in “Today’s $106k retest decided Bitcoin’s fate,” acceptance above this band has tended to unlock the next level. At the same time, rejection has forced a rebuild below a fair-value axis that acts as […]