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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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The price of Bitcoin has recently shown significant Fluctuation. On the daily chart, Bitcoin once approached the important resistance level of 117,400 but failed to break through. Subsequently, the price experienced a pullback, dipping to the support area near 116,260.
Market observers point out that if the support level of 116,260 cannot be maintained, Bitcoin may further decline, with the next key support level possibly around 114,500. However, if the current support level can hold firm, Bitcoin still has the potential to break upward again and challenge the resistance level of 117,400.
This price fluctuation reflects the high uncertainty in the cryptocurrency market. Investors should closely monitor these key price levels, as they may become important indicators for Bitcoin trends in the near future. At the same time, attention should also be paid to other macro factors that could affect the market, such as changes in regulatory policies and the attitudes of institutional investors.
Regardless, the price trend of Bitcoin remains full of uncertainties, and investors need to remain cautious and conduct a comprehensive risk assessment when making decisions.