Bitcoin

Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 3, 2025

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Technical Analysis and Outlook:
As specified in the Bitcoin Daily Chart Analysis for December 27, an extraordinary rebound bull movement occurred from the Mean Support of 91800. Current analysis suggests a high likelihood that the cryptocurrency will continue to advance, potentially testing the Mean Resistance level of 99500 and aiming for a retest of the completed Inner Coin Rally marked at 108000. Nevertheless, it is crucial to recognize the possibility of a pullback to retest the Mean Support level of 91800 again before any resurgence in the bull market.

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