Bitcoin

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Bitcoin

In the analysis of Bitcoin pricing, the upward potential remains evident as Bitcoin has breached the resistance level of 77,000. The ongoing rise, driven by profit-taking activities, is approaching the 91,063 resistance level. In the event of pullbacks, the price is supported at 82,213. It is anticipated that these pullbacks will be limited, with support levels seen as opportunities for gradual buying. The support levels are identified at 82,212 - 75,955. As expectations for a Federal Reserve interest rate cut grow and considering the positive trend in U.S. economic data, upward movements are expected to continue. In such bullish attempts, resistances lie at 91,063 - 93,656 - 98,082. Evaluating positions for selling is considered risky based on both fundamental and technical analysis.