Above, we have the $100,000 level, which has been pretty stubborn over the last couple of weeks. And then after that, we have the $110,000 level, which would almost certainly attract a lot of attention. Overall, I think this is a situation where back and forth trading continues to be the main gist here as we accumulate. I anticipate that a lot of longer term traders are probably jumping in here and buying little bits and pieces of Bitcoin every time it drops.
So that does offer a certain amount of support. But if we were to break down below the $88,000 level, it opens up a move to return to the $74,000 level, which was the stubborn resistance from most of 2024. I would become a lot more aggressive in my buying down there. I don’t think that happens, but it is something that you have to keep in the back of your mind.
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