3 min readBITCOIN (BTC/USD):
As the New Year unfolds, Bitcoin has begun emerging from its extended consolidation phase, reclaiming momentum and trading once again above the significant psychological threshold of $100,000.00.
A closer examination of the technicals reveals substantial room for downward movement if price action begins to decline toward the rebalancing zone near the 50% Fibonacci level. However, the current momentum suggests that prices may continue to trend higher before any potential pullbacks occur.
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