Will Bitcoin Hold the Line? Key Support Level in Focus

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Fresh capital is driving Bitcoin’s unexpected summer strength despite initially forecasting quieter trading.

Bitcoin’s (BTC) rise above $109,000 provided momentum to the stagnant cryptocurrency market. This upward movement was a welcome respite following last week’s Trump-Musk public spat that briefly dragged the top crypto asset close to $100,000.

A market expert believes that the current rally “may have more room to run.”

Bullish Trend Remains Intact
Bitcoin has broken above its short-term downtrend after completing a bullish breakout from a consolidating triangle pattern typically associated with trend continuation. Prominent crypto analyst Markus Thielen noted that while he initially anticipated a quieter summer trading period, the strength of the current move suggests fresh capital is driving the rally as tariff concerns diminish.


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