Bitcoin traders predict ‘strong run-up’ as classic chart targets $113K

The recovery may continue as long as Bitcoin achieves a daily close above $98,000, with the technical setup projecting 18% gains ahead.

Bitcoin’s (BTC) price traded 9.5% above its Jan. 1 open of $87,500, and traders were confident that BTC’s short-term “trend is up” as the price approached a key level of interest.

Key takeaways:

Bitcoin price consolidates around $95,000 as bulls face a major barrier ahead.

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