Bitcoin (BTCUSD) has jumped up and hit our target of $108,250, getting close to the $110,000 level.
The price could keep rising toward $112,000 if the upward trend continues.
However, if Bitcoin falls below $104,900, it might drop further and test key support levels around $98,930.
Today's expected range:
• Support: $106,500
• Resistance: $111,000
Trend outlook: Bullish (upward movement expected).
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