Bitcoin Bounces From Key Fib Support Level: Sign Of Structual Strength?

Bitcoin Bounces From Key Fib Support Level: Sign Of Structual Strength?


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Bitcoin is now trading above the $93,000 level, showing strong momentum as bulls continue to push prices higher. After weeks of uncertainty and heavy volatility, the trend appears to be shifting toward recovery. The main target now is reclaiming the critical $100,000 mark, which would confirm a sustainable rally into uncharted territory and set the stage for the next major bullish phase.

However, risks remain elevated. Tensions between the US and China persist, and the ongoing trade conflict continues to create an unstable backdrop for global markets. Investors are navigating a fragile environment where any negative developments could trigger sharp reactions across risk assets, including Bitcoin.

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