During the weekend, the Bitcoin market showed a relatively calm trend. The price entered a consolidation phase after reaching the 110000-dollar mark, with low trading volume and overall market volatility being minimal. It is worth noting that there have been no significant news events that have notably influenced the market direction.



From a technical analysis perspective, there are mainly two possible trends for Bitcoin's future price movement:

One scenario is that the price may fall back to around $108,800 to seek support, and then regain upward momentum. Another possibility is that if the current price can firmly hold above the $110,000 level, it is expected to continue breaking through the key resistance level of $112,450. Once it breaks through and stabilizes, Bitcoin is likely to challenge its historical high once again.

Investors should closely monitor the performance of these two key price levels, as they may become important indicators for assessing short-term trends. At the same time, be aware of changes in market sentiment and potential external factors, as these could have sudden and significant impacts on Bitcoin prices.

Despite the relatively calm market over the weekend, the overall momentum of Bitcoin remains strong. As the market gradually recovers from the weekend lull, we may see increased trading activity, which could lead to a clearer price direction. In any case, it is crucial to remain vigilant and conduct rational analysis in this market filled with opportunities and risks.
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OnchainUndercovervip
· 16h ago
To reach 120,000, it won't work without some surprises.
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Degen4Breakfastvip
· 09-28 20:50
Lazy sleep, let's talk later.
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FUDwatchervip
· 09-28 20:49
$120,000 secured!
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SeeYouInFourYearsvip
· 09-28 20:44
Let's place an order and enjoy the wave slowly!
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SeasonedInvestorvip
· 09-28 20:43
I have swept this floor three times already.
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governance_ghostvip
· 09-28 20:37
Just analyze it and it will be done.
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