Bitcoin is at a critical juncture as it tests key price levels, with prediction models offering mixed signals. A recent rebound from a significant trendline suggests potential support, with projections indicating a possible rise to $90.5K–$106K if the support holds. However, a break below this trendline could lead to a market pullback to $72K, with some analysts, like Oren Elbaz, warning of a potential drop to $70K due to liquidity shifts. Meanwhile, European adoption of cryptocurrencies remains stable, with 9% of eurozone adults holding crypto as of 2024.
Bitcoin at Crossroads Amid Key Level Tests and Mixed Predictions
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