Amid the recent market shakeouts, Bitcoin (BTC) has shown strength, remaining near the crucial $100,000 barrier during its drops. While the flagship cryptocurrency is momentarily expected to continue its horizontal trajectory, some analysts forecast that BTC’s next leg up might start once it reclaims the recently lost key level.
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Bitcoin price is recovering from the $112,000 support zone. BTC is rising and might attempt to clear the $115,500 resistance zone to gain bullish momentum.