Bitcoin bulls charge at $112K as gold hits fresh all-time highs
Bitcoin has shown surprising volatility, rising towards $112,000 alongside gold, which has reached new all-time highs above $3,500 per ounce. Recent data revealed BTC/USD hitting September highs at $111,775, marking a nearly 2% increase for the day. However, risk remains as commentators warn of a potential dip back to $100,000 in the coming days. Historical trends show that September has been unfavorable for Bitcoin, with past performances indicating average losses of 3.5% and a 100% chance of declines during the third week. Analysts are currently in a cautious 'wait and see' mode, noting technical resistance levels that must be maintained to avoid a potential bearish reversal. Key figures in the crypto market debate the strength of the current uptrend, with some traders suggesting the loss of the $100,000 support could signify the end of the current bull market.
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