Bitcoin is nearing significant price levels, with market analysts focusing on the $100,000 support. Keith Alan from Material Indicators highlights this level as a likely target due to a reduction in bid liquidity. He notes that while BTC is close to all-time highs, a drop of around 5% could occur. Popular analysts suggest that Bitcoin must exceed $106,000 for a breakout potential towards new highs, with $103,000 serving as a critical point of control. Technical analysis indicates that Bitcoin appears to be in a strong position, with the possibility of entering a bullish phase if certain daily close levels are maintained. Traders are advised to observe these crucial price zones as they play an essential role in future price movements. Overall, sentiment remains cautiously optimistic, with traders closely watching for breakout signals and overall market trends.

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