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BTC/USD Forecast Today: Holds $100K Support (Chart)
(MENAFN- Daily Forex)
- During my analysis of Bitcoin, the first thing that comes to attention is the fact that the $100,000 level continues to be very important.
- This is obviously a large, round, psychologically significant figure, and I would venture to say there are probably a lot of options traders willing to get involved here.
- Furthermore, retail traders do seem to like these large, round, psychologically significant numbers, so the fact that we are starting to see a bit of support at the $100,000 level for the second day in a row is not a huge surprise.

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