Bitcoin Price Update and Forecast:
Bitcoin (BTC/USD) appears poised to cross the $100,000 mark again as current price action aligns with bullish technical indicators on the daily chart. Here’s a quick breakdown:
BTCUSD daily chart within the Donchian Channel with RSI
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Donchian Channel Basis Acting as a Magnet:
The basis of the Donchian Channel sits at $100,252, which is currently acting as a price magnet. This behavior is reasonable because the basis (halfway point between the recent high and low) often represents equilibrium where buyers and sellers converge. Markets naturally gravitate…
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