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Near-Term Price Prediction for Bitcoin Sits at $118,000, Here’s What a Market Analyst Expects 

  • Bitcoin's current price momentum above $100,000 has sparked bullish price predictions, with market analysts expecting a move towards $118,000.
  • Analyst Willy Woo believes that once Bitcoin breaks its all-time high, the climb to $118,000 will be rapid, supported by significant capital inflows into the market.
  • Bitcoin recently hit a new all-time high of $109,767 before retracing slightly, showcasing strong buying pressure and gaining over 24% in the last 30 days.
  • Market participants are optimistic about Bitcoin's near-term performance, anticipating further bullish movement in the coming days.

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