Cryptocurrency analytics firm Alphractal has provided two potential scenarios for Bitcoin's price. If Bitcoin surpasses a resistance level of $114,000, Alphractal predicts a bullish rally with targets above $161,000, potentially even reaching $190,000. However, failure to break above $114,000 could lead to a sharp decline, with Bitcoin potentially dropping below $76,000. Alphractal highlights the importance of resistance levels that Bitcoin has recently tested and mentions factors such as selling pressure from long-term holders and high leverage on exchanges that have affected Bitcoin's rally. The current Market Average Price stands at $61,500, which Alphractal considers the worst-case scenario for Bitcoin.



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