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The market has recently seen Bitcoin prices oscillating around the critical threshold of $100,000. Analysts have pointed out an extended period of consolidation preceding this breakout, suggesting a strong accumulation phase. Although some investors question if further price retracements may occur, the consensus leans towards a robust upward trend with minimal resistance above the $100,000 mark.
Recent trading statistics revealed that Bitcoin Futures briefly touched the $100,000 level, indicating that investors see this benchmark as imminent. Significant profit-taking occurred, with $10.5 billion in profits realized, yet the overall market demonstrated resilience without a major crash, inspiring confidence in continued upward momentum.