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Bitcoin Must Close Above $107,000 To Confirm Breakout Or Risk Dropping To $98K

  • Bitcoin's price is currently consolidating around $103,000 with resistance near $107,000, signaling indecision and low momentum.
  • A daily close above $107,000 is crucial for confirming a bullish breakout, according to crypto analyst Ali Martinez.
  • On the other hand, analyst TehThomas suggests a potential trap setup with Bitcoin likely to sweep highs near $105,800 before dropping to $98,000.
  • The price is currently at $103,914, and the next move will depend on the ability to breach key levels and sustain momentum.

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