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Bitcoin Inches Toward $109,000, Will It Break Out This July?

  • Bitcoin is trading at $109,090, close to breaking through the key $109,200 resistance level.
  • On-chain data signals strong accumulation at $106,360, boosting confidence among long-term investors.
  • A potential rally to $110K–$115K could follow a breakout above $109,200, supported by increasing volume.
  • Technical analysis suggests Bitcoin is in a bullish position, with key support levels at $108,400, $108,200, and $107,500.

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