Bitcoin price prediction: BTC hits wall at 109,000 USD as ETF, El Salvador, and miners boost bull case

El Salvador’s government has secured 240 BTC since a loan deal with the IMF, totaling 6,209 BTC now. This ongoing accumulation supports Bitcoin adoption despite political restrictions, signaling resilience in market confidence.

U.S. Miners dominate 31.5% of the global Bitcoin hashrate, highlighting significant growth. Bitcoin is trading at 106,647 USD, facing resistance at 108,951 USD with key support levels below, indicating current market challenges and trading opportunities.

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