Our previous Bitcoin analysis (linked below) stated that the primary trend is bullish and should resume if the prices exceed the $100,000 mark. That forecast came into play, and as a result, the BTC/USD uptrend resumed.
As of this writing, Bitcoin trades at approximately $102.680. The immediate resistance rests at the 100K mark. The market outlook remains strong and bullish as long as prices hover above this level.
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In this scenario, the next bullish target could be $105,000, followed by $110,000.