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Market analyst says Bitcoin (BTC) can rise to $ 118,000.

Bitcoin, the first and largest encrypted currency, is close to its high price from what it was in four months, reaching levels above 108.050 dollars early on Wednesday.

Bitcoin has wiped out some of its gains a little at the time of the press, but it was still 0.72 % in the past 24 hours to 106,145 dollars; However, analysts expect a higher move in the coming days.

According to the analyst on the Willie Wu series, the main step for Bitcoin can be fast as soon as it reaches its highest level ever. Wu believes that once BTC is decisively broken at the highest level ever, Crypto Lead can rise to $ 118,000 faster than expected.

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At the current levels, Bitcoin is only 2.71 % from its highest level ever at $ 109,114 reached in January.

“Once Bitcoin is properly broken throughout the time, the transition to $ 118,000 will be very fast,” and woo TweetEchoing the increasing feeling in the encryption community that Bitcoin may soon determine new new levels.

Is Bitcoin at all?

Series analysis platform Santim I launched a poll that shows that Bitcoin has violated $ 107,000, when will the market value violate its value of $ 109.026 ever from January 20, 2025?

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A total of 71.5 % of the respondents chose the option “by the end of May”; Voice of 16 % for the option “by the end of 2025”, while choosing 3.4 % “2026 or further.”

With BTC more than $ 100,000 for more than 11 days in a row, some merchants believe this is a sign of accumulation and strength at the current levels.

With the encryption market approaching the market value of $ 4 trillion, some in the encryption community expect that BTC will reach its highest levels in the coming weeks. According to Coinmarketcap, the total coding market ceiling is about $ 3.35 trillion.

In the coming days, the eyes will be on the appearance of a golden cross on the daily bitcoin plans, a potential upward signal that may achieve the health of the current market morale.

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