<ul><li>Bitcoin price breaks above $109,000 after a sharp rally from the $100,000 zone and is currently trading around $109,252.</li><li>Market watchers remain cautious as signs suggest this breakout could mimic the previous false breakout above $109,000.</li><li>Key question is whether Bitcoin can sustain above $109,000 or if it will pull back towards the Fibonacci retracement level around $106,700.</li><li>Possible scenarios include a bullish continuation towards $115,000 if $109,000 becomes solid support, or a bearish reversal leading to a retracement to $106,700 or even $103,300.</li></ul>

Bitcoin Price Prediction: Fakeout or Breakout? BTC Above $109K – What’s Next?

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