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Bitcoin is holding strong above $105K as a rare bullish pattern hints at a potential breakout. Analysts warn of a decisive moment ahead as BTC battles key resistance near $112K. Market sentiment remains cautiously optimistic amid macroeconomic instability.
- Bitcoin is forming a rare 4-year inverse head and shoulders pattern, with a breakout above $112K potentially signaling a massive bullish reversal.
- BTC has maintained a tight trading range between $100K-$110K, with bulls controlling momentum but struggling to overcome key resistance at $109K-$110K.
- Analyst Carl Runefelt predicts a 'crazy pump' if Bitcoin breaks the $112K neckline, citing historical precedents for such long-term patterns leading to explosive rallies.
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