Bitcoin jumps to $105,000 ...Middle East

Today, Bitcoin is up nearly $5,000, or 5.0%, and has gained over 11% for the week. Earlier this week, it dropped below $90,000 to a low of $89,164, marking a remarkable 17.5% rebound from that level.

Technically, Bitcoin has broken above a key swing area between $102,760 and $103,647, now acting as close support (green numbered circles on the chart below). Holding above this range would confirm bullish momentum and set the stage for a potential retest of the all-time high at $108,364. More conservative traders may view $100,000 as a natural support level, reinforced by a recently broken top-side trendline, offering a lower-risk entry point.

This article was written by Greg Michalowski at www.forexlive.com.

Hence then, the article about bitcoin jumps to 105 000 was published today ( Friday 17/01/2025 - 07:57 PM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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