Bitcoin Price Break Above $107,000 Triggers Bullishness, These Factors Will Drive A Faster Rise 🚀
Bitcoin has broken above the $107,000 mark, confirming a strong bullish momentum that has been building. The breakout saw Bitcoin reclaim $110,000 briefly, following several failed attempts to close above this pivotal level. Technical analysis indicates that the breakout has given bulls back control.
Crypto analyst Michaël van de Poppe suggests that Bitcoin's price will accelerate, with a decisive moment coming after clearing the $106,500 resistance. Maintaining support above this zone will continue to shift momentum in buyers' favor, driving buying pressure and possibly leading to a swift rally toward $108,900 and beyond.
The timing coincides with the start of the trading week, making Bitcoin's current performance a potential launchpad for new all-time highs before the end of June, especially with increasing interest due to ETF inflows.
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