Did you know the traders focus on the historic $106K goal, which could start its next big growth phase? Although traders are ready for a breakout, the Bitcoin price might fall to $85K if it falls below $92K.
On 10th of November Bitcoin (BTC) is trading at $106,195, up 4.03% in the last 24 hours, as trading volume jumps nearly 50%, showing renewed investor confidence.
| Metric | Value | Change |
| Price (BTC/USD) | $106,195.45 | +4.03% (24h |
| Market Cap | $2.11 Trillion | +4.03% |
| Trading Volume (24h) | $70.76 Billion | +49.37% |
According to cryptocurrency specialists, an important new bullish trend might begin if Bitcoin returns to $106K.
According to trader Pentoshi, hitting $106K might lead to a “new round of bitcoin price discovery”, which could result in new record highs for Bitcoin.
The risk continues even as optimism increases. Bitcoin traders caution that it might drop to $85K, a level not seen since November, if it is unable to maintain the $92K–$94K support zone.
ARK Invest CEO Cathie Wood predicts that with increasing institutional interest and global adoption, Bitcoin’s price could soar to $1.5 million by 2030. Wood believes these factors will strengthen Bitcoin’s position as a leading digital asset in the years ahead.
The next phase of Bitcoin’s bull run will be determined by its next significant move, which traders believe will be either a breakout over $106K or a collapse below $92K. Market experts predict that this range will be critical in determining Bitcoin’s short-term and long-term trajectory when it trades below $100,000.
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