CandleFocus Bitcoin Nears Channel Breakout: Can BTC Hit $100K Soon?
2025-02-20
Author: Content Editor
Bitcoin has experienced a V-shaped recovery and is now testing the $97,000 mark, with a potential breakout rally that could push it to $100,000. The overall crypto market has shown a slight improvement, with the total crypto market cap rising to $3.15 trillion. Technical indicators suggest a potential bull run, with the MACD and signal lines crossing positively and the upper Bollinger Band rising. However, institutional support for Bitcoin has yet to resurface, as U.S. Bitcoin spot ETFs saw daily outflows of $71.07 million. Despite this, the market remains optimistic about a potential breakout rally.
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