Bitcoin Shows Strong Bullish Momentum
2024-12-06

Bitcoin experienced a powerful downward impulse, breaking through its channel to reach $90,550. However, it quickly rebounded, returning to the upper boundary at $98,080. This sharp recovery signals a strong bullish trend and indicates that Bitcoin is poised for further upward movement.

The swift recovery from the lower level suggests that the market remains confident, and the momentum is now leaning towards more bullish territory. As Bitcoin continues to trade near the upper boundary, traders should monitor for further confirmation of continued growth.

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