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Bitcoin Price Update: Will BTC Breakout or Dip?

 Bitcoin (BTC) is currently battling resistance, with bulls maintaining control above the 20-day Exponential Moving Average (EMA) at $85,850. This key level is providing strong support, keeping BTC in an uptrend.

Bullish Scenario 🚀

If buyers manage to push BTC above the 50-day Simple Moving Average (SMA) at $89,700, we could see a strong breakout. Potential targets in this scenario are $95,000 and even $110,000 in the coming days.

Bearish Scenario ⚠️

On the downside, if BTC fails to hold $85,000, a drop to $82,000 or even $80,000 could be on the horizon. Traders should watch these levels closely to determine the next big move.

BTC’s price action remains volatile, so stay alert and manage your risk accordingly. Will BTC surge to new highs or take a breather? Time will tell!

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