The recent decline in Bitcoin reserves to below 2.6 million BTC has heightened expectations for price volatility. Despite this, Bitcoin’s price has notably risen past $111,500, driven by strong demand and institutional investments from entities like GameStop.
Experts indicate that if Bitcoin maintains support above $106,000, it could surge towards $110,000. Conversely, failure to hold may see prices retreat to $98,000 or lower, marking a critical moment for the cryptocurrency market.
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