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Bitcoin rises on Federal Reserve expectations

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BTCUSD

البيتكوين 2-9-2025

Bitcoin is trading above the $107,690 support level, and prices are likely to retest the $113,350 resistance level. This scenario would be invalidated if the mentioned support level is broken to the downside.

Support

107690 105100
Resistance 113350 118280

Bitcoin continued its upward climb, approaching the $110,000 level after a daily increase ranging between 2% and 3%, supported by higher liquidity and growing investor confidence in the markets. Analyses indicate that Bitcoin is moving around a critical support zone near $110,000, and if it manages to break through the resistance at $111,000, it could pave the way for a larger bullish wave that may extend beyond $140,000 by the end of the year. Although September is historically known for weaker performance of the cryptocurrency, current data suggests strong positive momentum that reinforces the likelihood of a continued rally.
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