The Bitcoin price has shown a bullish outlook on its 16th anniversary, reaching a level of $95,000 and experiencing an increase in computational power. This has resulted in a gain of 0.5% with a market cap of $1.92 trillion. Analysis suggests that the decline in Bitcoin miner sentiment could lead to a major price recovery, as seen in previous years. The Bitcoin network's hashrate has also reached a record-breaking range, indicating increased miner participation and investment. There has been a 4-day rally in Bitcoin price, with a surge from $91,900 to $98,350, suggesting sustainability above the $92k level. The price could potentially reach $114,700 and $121,400 in the post-breakout rally.



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