Bitcoin has experienced a positive turnaround, reaching a 24-hour high of $92,790 and currently trading at $91,141. The market sentiment is bullish, and there is speculation about a potential price surge to $100,000. The BTC price trend shows a triple white soldier pattern, indicating a bullish continuation. The recovery run has surpassed the 20-day EMA and is close to overcoming a previous downfall. Weekly chart analysis suggests strong buying pressure, with bulls defending key support levels. However, there has been a net outflow in U.S. Bitcoin spot ETFs, with several funds experiencing significant outflows. To reach $100,000, Bitcoin must exceed the 100-day EMA, while the crucial support level is the 200-day EMA at $85,800.
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