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Bitcoin Hits $100K Again – But a Crash to $60K Might Be Next

Author: Content Editor
Bitcoin has recovered from a low of $94K to reclaim the $100K mark, sparking excitement in the crypto market and leading to price gains across the entire market. However, there are concerns that Bitcoin may struggle to break a key resistance level at $104K. If it fails to do so, it could lead to further consolidation or a deeper correction. Investors are also wary of a potential January crash, as historical patterns show that bullruns in October to December are often followed by a market-wide crash in January. The possibility of a crash has led some investors to liquidate their positions early, creating selling pressure. If Bitcoin fails to surpass $104K, analysts believe it could potentially drop to a range of $60K to $70K. The next few weeks will be crucial in determining Bitcoin's future price direction.

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