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Trump drives Bitcoin to new high

Technical Analysis
By Mostafa Mahmoud
Trump drives Bitcoin to new high
0 0

BTCUSD

البيتكوين 3-3-2025

Bitcoin is trading below the $95,100 resistance level, and prices are likely to retest the $88,700 support level. This scenario would be invalidated if the mentioned resistance level is breached to the upside.

Support

 88700 78800 70750
Resistance 70750 102000

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Bitcoin witnessed a significant increase in value today, surpassing the $91,000 mark and recording a 6.4% rise from the previous close. This surge comes after a period of volatility in the cryptocurrency market.

The current rise may reflect a return of investor confidence in Bitcoin, especially with the positive outlook from some analysts. For instance, some financial institutions predict that Bitcoin’s price could reach levels between $180,000 and $200,000 by the end of 2025.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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