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Bitcoin Technical Analysis: Key resistance at 109,000 USD holds the fate of the next big move

Currently, Bitcoin trades between 107,075 USD and 107,748 USD, encompassing a market cap of 2.12 trillion USD. During a recent session, the currency showed significant volatility within a range of 99,462 USD to 109,356 USD.

Key resistance stands at 109,356 USD, with important support levels noted around 94,000 to 95,000 USD. If Bitcoin breaches 109,000 USD, it could signal bullish momentum, while falling below 102,000 USD may indicate bearish risks.

Technical indicators show mixed signals, suggesting cautious optimism for upward movement. A decisive upward break above resistance could allow for further price increases, while a fall below 100,000 USD might intensify bearish sentiment.

This is community-generated content, not advice from ONUS.
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