Bitcoin Nears $100K Amid Market Optimism

Bitcoin's price has surged to approximately $93,500, bringing it close to the psychologically significant $100,000 mark. This rally is fueled by positive market sentiment following President Trump's indications of potential tariff reductions on China and assurances regarding the Federal Reserve's independence. Technical indicators show a breakout from a four-month falling wedge pattern, with the Relative Strength Index (RSI) above 50, suggesting bullish momentum. Key resistance is anticipated at $100,000, with potential targets at $107,000 if surpassed. Support levels are identified around $85,000 and $76,000.
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