Bitcoin (BTC) price holds at 105,200 USD, just 4% short of its all-time high of 109,588 USD. Institutional moves like JPMorgan’s purchase allowance and Texas’s bill for Bitcoin Reserve indicate strengthened support amidst potential market volatility.
The latest price fluctuations indicate a mixed outlook. While BTC shows potential for upward movement, momentum indicators reflect weakening, with a risk of pullback to the key psychological level of 100,000 USD.
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