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BTC $68,409.71 +0.54%
ETH $2,156.35 +2.66%
BNB $615.05 -0.33%
XRP $1.35 +1.19%
SOL $82.74 -0.01%
TRX $0.3156 +0.73%
DOGE $0.0930 +0.80%
ADA $0.2500 +3.56%
BCH $454.93 -2.28%
LINK $9.02 +2.97%
HYPE $36.13 -0.89%
AAVE $99.45 +0.99%
SUI $0.8948 +2.27%
XLM $0.1714 +2.25%
ZEC $255.69 +1.13%

Analysis: If Bitcoin holds the key closing price of $104,500, it may initiate a second round of price discovery upward trend

2025-05-11 21:46:05
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ChainCatcher news, according to Cointelegraph, analyst Rekt Capital stated that the key weekly closing price level for Bitcoin is around $104,500, which must turn into support. Bitcoin is on the verge of starting a second round of price discovery upward trend. Whether Bitcoin can close above the recently reclaimed accumulation range this week is crucial.

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