Date: 2025-05-09
Key points:Bitcoin (BTC) is at its highest levels since January, and traders are eyeing key levels to watch for what’s next.After hitting $104,000, BTC/USD is retracing to establish support, but the fate of $100,000 is among the concerns for market participants.Current price action represents an important battleground, as measured from the $75,000 lows this year.” Headline driven” BTC price gains draw scrutinyJust $6,000 from new all-time highs, per data from Cointelegraph Markets Pro and TradingView, BTC price action has stunned the market by jumping 10% in days.The pace of the BTC price gains has come as a surprise for many, but longer-term perspectives show where the most difficult battleground lies.“Since this current impulse was primar...
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