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Bitcoin Pulls Back To Daily EMA 8 – Can Bulls Hold Momentum?

  • Bitcoin surged to a new all-time high of $112,000 before a sell-off following global market caution caused by geopolitical and economic uncertainty.
  • Bitcoin has retraced back to the daily EMA 8, with analysts suggesting that holding this moving average could signal continued bullish momentum.
  • Despite the recent rally, Bitcoin needs to secure a clean break above $115,000 for the uptrend to be confirmed as sustainable, with focus on how it reacts at the technical crossroads.
  • BTC is currently retesting key technical levels around $107,800, with potential for further upside if this support holds, but a break below $106K could lead to a dip towards $103,600.

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