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Bitcoin $103,603 continues to attract attention as it surpasses significant resistance levels. Following the recent breakthrough, the focus is on a target of $130,000. This target is supported by technical indicators based on Fibonacci analysis.
Next Target for Bitcoin
Analysts tracking Bitcoin’s movements pay attention to how Fibonacci levels function as support and resistance on a weekly basis. After the recent surge, the $130,198 level is identified in alignment with the 3.618 Fib extension. Stable market conditions and increased adaptation enhance the likelihood of reaching this target.
Is USDT Dominance Weakening?
USDT Dominance (USDT.D) serves as a crucial indicator of overall market sentiment. A decline in USDT.D suggests that traders are returning to cryptocurrency markets, potentially signaling positive momentum.
Matthew Stella noted that changes in USDT Dominance could positively impact the
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