Bitcoin bulls set their sights on reaching the 100,000 USD mark following the holiday period. Recent trading saw BTC/USD reach highs near this target, although a significant resistance level looms ahead. Analysts are watching for a potential short squeeze as this liquidity-dense level comes into focus.
Current macroeconomic conditions, such as inflation and employment statistics, could sway Bitcoin’s price trajectory shortly. Moreover, participation from retail investors is notably low, pointing to possible market fluctuations and reduced demand, creating an environment ripe for volatility amid economic uncertainties.
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