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BTC Price Peaks Near $98K: Breakout Momentum Fades – What's Next for Bulls? (Jan 15 Update)
📰 sources⭐ 5.0
TL;DR:
After breaking out from the $94,500 horizontal resistance on Tuesday, the Bitcoin price has been in an up and down struggle between the bulls and the bears. Given the breakout momentum, the bulls were able to force the price up to just short of $98,000.
Key Points:
Background:
Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.
Why It Matters:
This development could influence BTC price action and market sentiment in the near term.